[Type the company name]
ISR3702
Assignment 2
(COMPLETE
ANSWERS)
Semester 2 2024
[Type the document subtitle]
[Year]
, Exam (elaborations)
ISR3702 Assignment 2 (COMPLETE ANSWERS)
Semester 2 2024
Course
Life Insurance (ISR3702)
Institution
University Of South Africa (Unisa)
Book
The Principles of Life Insurance
ISR3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE
September 2024 ; 100% TRUSTED Complete, trusted solutions and
explanations. Ensure your success with us..
Question 1 (46 marks) Latu Life Insurance Company provides financial
services in the Republic of South Africa. In January 2024 the company
received the following applications: 1.1 Indicate an appropriate life policy or
policies for each application and substantiate your answer. (22) 1.2 Classify
each of the applications into an underwriting class and substantiate your
answer. (22) 1.3 Name one variable that is missing from the applications but
that could be used to answer question 1.2 above. (2) No. Name Age Gender
Occupation Medical condition Net worth Number of dependants 1 Presh 24
Female Construction worker Not stipulated (R560 000) 2 2 Premita 36 Male
Lawyer Not stipulated (R330 000) 1 3 Kgabu 48 Male Medical doctor Heart
attack R1 million 0 4 Tshivhase 56 Male Teacher Diabetes R203 000 0 5
Malerato 27 Female Judge Epilepsy R402 000 3 6 Grace 33 Female Self-
employed Not stipulated R809 000 2 ISR3702 Page 2 of 2 Question 2 (24
marks) In the State of the Nation Address, the President of South Africa
informed the country that the National Health Insurance (NHI) programme will
be implemented. 2.1 Explain the purpose of the NHI programme. (4) 2.2
Describe any two perils covered by NHI (4) 2.3 Describe two advantages of
the programme. (6) 2.4 Describe two disadvantages of the programme. (6) 2.5
Explain what form of insurance the NHI programme will be. (4)
Question 1: Life Insurance Policies and Underwriting Classes
1.1 Appropriate Life Policies
ISR3702
Assignment 2
(COMPLETE
ANSWERS)
Semester 2 2024
[Type the document subtitle]
[Year]
, Exam (elaborations)
ISR3702 Assignment 2 (COMPLETE ANSWERS)
Semester 2 2024
Course
Life Insurance (ISR3702)
Institution
University Of South Africa (Unisa)
Book
The Principles of Life Insurance
ISR3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE
September 2024 ; 100% TRUSTED Complete, trusted solutions and
explanations. Ensure your success with us..
Question 1 (46 marks) Latu Life Insurance Company provides financial
services in the Republic of South Africa. In January 2024 the company
received the following applications: 1.1 Indicate an appropriate life policy or
policies for each application and substantiate your answer. (22) 1.2 Classify
each of the applications into an underwriting class and substantiate your
answer. (22) 1.3 Name one variable that is missing from the applications but
that could be used to answer question 1.2 above. (2) No. Name Age Gender
Occupation Medical condition Net worth Number of dependants 1 Presh 24
Female Construction worker Not stipulated (R560 000) 2 2 Premita 36 Male
Lawyer Not stipulated (R330 000) 1 3 Kgabu 48 Male Medical doctor Heart
attack R1 million 0 4 Tshivhase 56 Male Teacher Diabetes R203 000 0 5
Malerato 27 Female Judge Epilepsy R402 000 3 6 Grace 33 Female Self-
employed Not stipulated R809 000 2 ISR3702 Page 2 of 2 Question 2 (24
marks) In the State of the Nation Address, the President of South Africa
informed the country that the National Health Insurance (NHI) programme will
be implemented. 2.1 Explain the purpose of the NHI programme. (4) 2.2
Describe any two perils covered by NHI (4) 2.3 Describe two advantages of
the programme. (6) 2.4 Describe two disadvantages of the programme. (6) 2.5
Explain what form of insurance the NHI programme will be. (4)
Question 1: Life Insurance Policies and Underwriting Classes
1.1 Appropriate Life Policies
