Mathematical modelling in family takaful

• Main Authors: Puspa Liza, Ghazali, Mustafa, Mamat
• Format: Article
• Published: 2011
• Subjects: HG Finance
• Online Access: http://eprints.unisza.edu.my/2117/

Clients at least knew if they paid a certain amount of money every month to an insurance company. they got back then money plus mere if accidents or deaths happened However then. ha•e no idea about the inner worlongs or the Ire pots of the insurance transaction Compared to the other loans of insurance. Family TatraAd Insurance without doubt should be the frsl choice of future cheMs This research paper emphasued on mathernabcal modelrig of Fans*, Takaful and compered the mathematical PO Of the analysts using UM and LM2 According to the goal of this research. researchers hare to calculate the Me table prermum from Takaful Companies *Arch used mudharabah model and .wakala model To acrue.e O. purpose researchers have to denve a suitable formula lot such lie tables and compared between these two models ProLed be on Surrender value. Metall), value and Death to•rege The results had snann that clients would be better oif d they had chosen a takafur romper,' that sold the IllueMOrdOlh model and not the eakala model 0 2011 Asian Network for Sc wok Information