polis dan perhitungan kontribusi

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Polis dan Perhitungan kontribusi asuransi syariah

Polis dan Perhitungan Kontribusi Asuransi SyariahOleh : Puji Sucia [email protected]???Polis adalah tanda bukti perjanjian pertanggungan yang merupakan bukti tertulis.Pada dasarnya, polis asuransi adalah suatu kontrak yakni suatu perjanjian yang sah antara penanggung/takaful operator (dalam hal ini perusahaan asuransi) dengan tertanggung/peserta, Pihak penanggung bersedia menanggung sejumlah kerugian yang mungkin timbul dimasa yang akan datang dengan imbalan pembayaran kontribusi (premi) tertentu dari tertanggung.

DOKUMEN RESMI PADA KONTRAK TAKAFULDokumen resmi pada kontrak takaful antara lain :

Ketentuan (Provisions) Parameter dari kontrakKlausa (Clauses) kondisi spesifik atau special dari suatu peristiwa/kejadianJaminan (Warranties) - PrasyaratPengeluaran/Pengecualian (Exclusions) hal-hal / kemungkinan yang tidak dapat diklaim

4(a) Provisions :

(i) General Provisions : The contract (perjanjian)Incontestability (tidak bisa dibantah) Modification (perubahan)Freedom from Restrictions (kebebasan dari batasan)Age and Sex (umur & jenis kelamin)Proof of Age (bukti usia)Currency and Place of Payment (mata uang & tempat pembayaran)

5(ii) Contribution ProvisionsCertificate Years and Anniversaries (Tahun sertifikat)Payment (Pembayaran)Change (perubahan)Grace period (periode perpanjangan)Contribution Clause (klausa kontribusi)(iii) Fund ProvisionsShariah Approved Funds (Dana yang disetujui)Valuation of Funds (Penilaian dana)(iv) Ownership ProvisionsThe owner (Pemilik)Change of Ownership (Perubahan pemilikan)Assignment (Penugasan)The Nominee (calon)Revocation of Nomination (Penarikan kembali penunjukan)6(b) Condition, Clauses, warranties and ExclusionsConditions relates to what is not covered, what is covered and under what circumstances; there are numerous clauses contained in contracts of different kind; the following some of the important clauses that a takaful company should automatically incorporated :Reinstatement Value Memorandum;Special Provision(c) Types of Takaful ContractsDifferent takaful companies in different countries use slightly different wordings for their contracts; in fact takaful companies in the same country use different contract wordings because these companies used different contract such as Mudharabah, Wakalah and others ;7A main contract is a contract that is a stand-alone and complete contract by itself; e.g. Takaful Education Certificate ;

A supplementary contract does not stand by itself, it is usually attached to the main contract; e.g accident Supplementary Certificate8PRINCIPLES OF TAKAFUL CONTRACT

The basic formalities in a commercial contract there must be :(i) The subject matter (al-Maqud alaih);(ii) Contracting parties (al-Muta aqidayn)(iii) Consideration (al-Iwad al-Mutaqawwim)(iv) Terms and conditions (Shurut)(v) Ijab and Qabul

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CONTOH PROSES PENERBITAN POLIS

CONTOH PROPOSALPerhitungan Kontribusi Asuransi SyariahALOKASI KONTRIBUSI

CASE STUDYFinancial Authority (FA) mewajibkan operator resmi memiliki minimum modal $2,000,000. FA juga menentukan Required Solvency Margin untuk general & family takaful funds yang memiliki durasi kontrak s/d 1 tahun :$100,000 atau 20% dari kontribusi, mana yang lebih besar.Pada pertengahan 2012, Perusahaan takaful amanah memiliki modal $2,000,000. Shareholders memperkirakan perusahaan memperoleh pendapatan 15% dari modal shareholders. Takaful Amanah akan mengambil 25% dari surplus underwriting untuk risk manager incentiveBudget takaful amanah pada 2012/2013 (juli 2012 juni 2013) : BUDGETTOTAL ($)Staff Salaries & Benefits250,000Marketing Agency Comission500,000Administration Expenses125,000Fixed Asset Depreciation100,000Miscellaneous25,000Total Management Cost1,000,000Hitung wakalah fee (%) jika target gross contribution pada tahun 2012 adalah $5,000,000. Solusi :Total Marketing & Management Costs = $1,000,000Target Gross Contribution = $5,000,000%Wakalah fee *Gross Contribution = Total Marketing & Management Costs %Wakalah fee = Total Marketing & Management Costs / Gross Contribution %Wakalah fee = $1,000,000 / $5,000,000 = 20% Takaful Amanah mencover 10,000 tentara dengan umur 22 tahun. Takaful benefit flat $100,000 jika terjadi kematianDiasumsikan probabilitas kematian umur 22 tahun adalah 0.002, wakalah fee 20%, tidak ada safety loading.Gross Contribution ?Solusi :Risk Contribution = 0.002 * 100,000 * 10,000 = $2,000,000Gross Contribution = Risk Contribution (1-wakalah fee) = $2,000,000/0.8 = $2,500,000

(VI) THE ESSENTIALS OF PRODUCT PRICING(a) IntroductionProduct costs should not just reflect the raw material cost of the risk exposures to be covered in the contract but consideration of everything else that goes with the product. The various factors that need to be considered include:The risk contribution required to cover actual risk exposure only;Marketing expenses;Opportunity cost of capital needed to be retained in the takaful fund to support the risks covered in the proposed product;Profit expectations of takaful operator;Retakaful expenses;Anticipated investment profit rate of return to be earned from investment of takaful fund assets;

The last factor is especially important for long term takaful contracts; it will effect the takaful contribution amount due to the greater effect the opportunity cost of capital will have on evaluating cash flows a long time horizon.l21The actual contribution amount that will be required from the participant is called the gross contribution (GC) where;

GC = RC + +EWhere;GC = Gross contributionRC = Risk Contribution = Safety loadingE = Expense Margin

The formula is generic, regardless of operational model used;

Example:If the expense margin could 25% of the gross contribution (10% provision for agency commission and 15% for management expenses) and assume not safely margin, = 022 Therefore;G = RC + + E = RC + 0 + 0.25 GC 0.75GC = RC GC = RC / 0.75

If safety loading is placed at 10% of gross contribution; Then;GC = RC + 0.1GC + 0.25GCTherefore; GC = RC/ 0.65

Example : A takaful scheme is proposed to cover a group of construction workers. The risk contribution is set for RM150,000. Calculate the gross contribution, where the safety loading is 5% of gross contribution and marketing and management expenses is 15% of gross premium.

23GC = RC + + E= RC + 0.05GC + 0.15GC= RC + 0.20GC

Therefore; GC = RC / 0.8Since RC = 150,000 GC = 150,000 / 0.8 = RM187,500

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