IFMP Family Takaful Agents Certification (FTAC), Pakistan case studies
IFMP Family Takaful Agents Certification (FTAC), Pakistan · Put your knowledge to work in context.
The Family Takaful Agents Certification (FTAC) is one of the certifications listed by the Institute of Financial Markets of Pakistan (IFMP) under its Insurance Certifications group, alongside Bancassurance, Bancatakaful, General Takaful, Authorized Surveying Officers, and the Life and Non-Life Insurance Agent's Courses. IFMP describes itself as Pakistan's first securities market institute, established as a permanent platform to develop quality human capital for financial markets and to create standards among market professionals; it states that it conducts licensing examinations leading to certifications for different segments of financial markets. The IFMP Family Takaful Agents Certification (FTAC), Pakistan case studies are 5 cases and about 4,282 words.
1The 'Guaranteed Return' Request
Mr Imran, 41, a Karachi-based salaried operations manager, meets agent Sana at the office of Al-Aman Family Takaful. He earns PKR 420,000 a month and can save PKR 25,000 a month.
844 words, about 4 min2Education Goal Versus an Unaffordable Savings Plan
Mrs Ayesha, 33, a school vice-principal in Lahore, supports a household of four. Her husband, a bank officer, earns PKR 180,000 a month; their home-finance instalment is PKR 55,000 a month and they have PKR 700,000 in savings.
844 words, about 4 min3The Agent-Ticked 'No' on a Hypertension Question
Mr Raza, 46, a textile exporter in Faisalabad, applies for a 10-year family takaful plan with sum covered PKR 12 million and annual contribution PKR 180,000. Agent Nadeem completes the application on a tablet.
859 words, about 4 min4Grace Period, Nomination and an Expired Motorcycle Licence
Mr Farooq, 38, a ride-hailing driver in Rawalpindi, bought a family takaful plan 14 months ago: basic death benefit PKR 8 million plus accidental death rider PKR 4 million. Contributions are monthly by bank debit.
890 words, about 4 min5Cash, Backdating, Rebating and a Blank Medical Form
Agent Bilal is PKR 1.1 million short of his half-year target at Crescent Family Takaful. Mr Shah, 52, a property dealer, wants a single-contribution family takaful plan with PKR 3.5 million paid in cash.
845 words, about 4 min