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Introducing new Paper mode
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15 questions
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- Multiple ChoicePlease save your changes before editing any questions.
Advantage of unit trust
Can receive a good income.
you get a lump-sum
you may not invest small amounts monthly
- Multiple ChoicePlease save your changes before editing any questions.
Short-term insurance against a possible event
insured event
assurance
insurance
- Multiple ChoicePlease save your changes before editing any questions.
long-term insurance against a certain event
assurance
insurance
insured event
life cover
- Multiple ChoicePlease save your changes before editing any questions.
legal requirement and is set up by the government as a minimum in order to provide.
non compulsory insurance
insurable risks
compulsory insurance
- Multiple ChoicePlease save your changes before editing any questions.
Non-compulsory insurance is an optional cover against certain types of risk such as:
Theft
injuries to people
death
- Multiple ChoicePlease save your changes before editing any questions.
Number of persons pool together the same amount, each month one of them will get the total sum.
Unit trust
insurance
Stokvels
- Multiple ChoicePlease save your changes before editing any questions.
A personal pension plan which aims to create wealth for retirement.
Life Insurance
Retirement Annuities (RA)
Unemployment Insurance Fund (UIF)
- Multiple ChoicePlease save your changes before editing any questions.
Insurance of life of a human being (that cannot be replaced)
Unemployment insurance fund
Life Insurance
Road Accident Fund (RAF)
- Multiple ChoicePlease save your changes before editing any questions.
The fund is created to insure workers against loss of earnings arising from unemployment.
UIF
RA
RAF
- Multiple ChoicePlease save your changes before editing any questions.
This is an insurance clause which refers to under-insurance and over-insurance.
Over insured
Average Clause
under insured
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Persons who want to insure their assets / life
Insurer
Premium
Insured
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who will take over specified risks from persons to indemnify them if the persons pay premiums.
Insurer
insured
Insured value
- Multiple ChoicePlease save your changes before editing any questions.
Amount of money to be paid monthly / annually by the insured to the insurer for indemnification
insured
insurance amount
Premium
insurer
- Multiple ChoicePlease save your changes before editing any questions.
papers issued by the insurer to the insured which includes all the stipulations of the contract
Insurance contract
contract
premium contract
- Multiple ChoicePlease save your changes before editing any questions.
The fund provides cover against disability owing to injuries, occupational diseases or death.
Road Accident Fund (RAF)
Retirement Annuities (RA)
compensation
Compensation for Occupational Injuries and Diseases (COIDA