MAT202 – Insurance

Module designation

Insurance (MAT202)

Semester(s) in which the module is taught

3rd

Person responsible for the module

Nashrul Millah, M.Si.

Language

Indonesian

Relation to curriculum

Compulsory / elective / specialisation

Teaching methods

Lecture and lesson.

Workload (incl. contact hours, self-study hours)

2×170 minutes (2×50 minutes lecture and lesson, 2×60 minutes structural activities, 2×60 minutes self-study) per week for 16 weeks

Credit points

2 CP (3,2 ECTS)

Required and recommended prerequisites for joining the module

–

Module objectives/intended learning outcomes

General Competence (Knowledge)

Being able to determine premium amount of a life insurance.

Specific Competence : students are able to

1.      Describe elements of conventional insurances.

2.      Find probability.

3.      Use a mortality table to determine life expectancy.

4.      Find interest.

5.      Determine present value (cash value) of an annuity.

6.      Find premium of a life annuity.

7.      Determine premium of a life insurance.

8.      Explain basic concepts of sharia insurance.

Content

Probability, mortality table, interest, annuity, life insurance, sharia insurance.

Examination forms

Essay

Study and examination requirements

Students are considered to pass if they at least have got a final score 40 (D).

Final score is calculated as follows: 10% softskill + 20% assignment + 20% quiz + 25% midterm + 25% final term

Final index is defined as follow:

Reading list

1.    Ali, Zainuddin. 2007. Hukum Asuransi Syari’ah. Sinar Grafika. Jakarta

2.    Anwar Khoiril. 2007. Asuransi Syari’ah Halal & Maslahat. Tiga Serangkai. Solo

3.    Robert E Larson, 1962, Life Insurance Mathematics

4.    Frank Ayires, 1963, Mathematics of Finance

5.      Sembering, 1982, Asuransi I, Universitas Terbuka