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Insurance & Risk Management
Jun 2025 Examination
PLEASE NOTE: This
assignment is application based, you have to apply what you have learnt in this
subject into real life scenario. You will find most of the information through
internet search and the remaining from your common sense. None of the answers
appear directly in the textbook chapters but are based on the content in the
chapter
Q1. Mr. Rajiv, a married man with two children, recently
underwent surgery, prompting him to reflect on his family's financial security
in his absence. Concerned about his dependents' future, he decided to consult
his friend, an insurance advisor, to gain insights into life insurance policies
and their associated benefits. Explain to Mr. Rajiv the concept of life
insurance, its significance, and the need for securing his family's financial
well-being. (10 Marks)
Q2. Ravi, a 35-year-old marketing professional with a demanding
job that involves frequent travel, has never prioritized health insurance.
However, when his close friend was hospitalized due to a sudden medical
emergency, Ravi witnessed firsthand the financial burden of high hospital
bills. This experience made him question his own financial preparedness for
unexpected medical expense. As a financial consultant, evaluate Ravi’s current
situation and assess the significance of having a health insurance policy
and Assess the key benefits of health
insurance, such as hospitalization coverage, cashless treatment, tax
advantages, and protection against rising medical costs. (10 Marks)
Q3. Amit works at a private investment firm. Unlike his
parents, who were employed in government jobs with secure retirement benefits,
Amit does not have the same financial safety net. As he approaches mid-career,
he becomes increasingly concerned about his financial security post-retirement.
Without a structured pension plan, he worries about managing his expenses,
healthcare, and maintaining his lifestyle in his later years.
a. As a financial advisor, identify and explain the
key risks Amit should consider while planning for his retirement. (5 Marks)
b. With respect to the above scenario Outline the
step-by-step process involved in creating a comprehensive retirement plan to
ensure financial stability in his post- retirement years. (5 Marks)
Dear Students,
Get fully solved assignments by professionals providing since 2012 — trusted by
over 10,000+ students!
100%
plagiarism-free or your money back!
Send
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reliable, and guaranteed quality!
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