Integration model in premium life table of family takaful

• Main Authors: Puspa Liza, Ghazali, Mustafa, Mamat
• Format: Article
• Language: English
• Published: 2012
• Subjects: HG Finance
• Online Access: http://eprints.unisza.edu.my/2332/1/FH02-FPPP-14-01467.jpg; http://eprints.unisza.edu.my/2332/

Education plan takaful is one of the product plans in Family Takaful. This writer strongly believes that form of amendment for it to be a more reasonable plan for all categories of income earner. The new proposed amendment in the education plan in family takaful have to be more reasonably price and must also include all the riders. There are two basic models (mudharabah and wakala model) uses in Takaful Companies nowadays but the models need of amendment to be the best product to their customers. In this research, the writer introduces 8 types of models in life premium tables which use in education plan takaful.