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Chapter 3 : Consumer Mathematics: Insurance - Coggle Diagram

- - - - provides coverage against any loss or damage related to the use of a motor vehicle. The table below shows the four types of motor insurance policies that cover your vehicle.
    - - provides coverage against damage caused by fire, lightning and explosion that occur at home or business premise. Compensation will be paid by the insurance company to recover the policyholder’s financial position, subject to the sum insured. For coverage other than fire, lightning and explosion, policyholder may incorporate additional coverages such as hurricane, flood, riot and others into the existing fire policy at an additional premium.
    - - Apart from the risk of death, you should also be aware of the risks of deteriorating health. This is because you may have to bear medical expenses such as hospitalisation and surgery costs. Some of the policies in this insurance are:
        
        Hospitalisation and surgical insurance
        
        Critical illness insurance
        
        Disability income insurance
        
        Hospital income insurance
    - - Provides coverage in the occurrence that the policyholder suffers a bodily injury, disability or death resulting directly from accident. This insurance is different from life insurance, and medical and health insurance.
    - - Protects policyholder against losses during travel whether by land, air or sea such as death and permanent disability, loss of luggage, passport and money, medical expenses and others.