Consumer Rights
A written promise that something will work for a certain period of time.
A warranty
How the countries around the world share goods, services and ideas.
Globalisation
This country is both in Europe and Asia and has a city called Istanbul
Turkey
What is insurance?
A written agreement between an individual and an insurance company.
It states that the insurance company will pay money to the person if the person suffers a loss
This is the only country that is also a continent.
Australia
This principle means you must tell the truth about everything when you buy insurance.
Utmost Good Faith
What is a consumer?
A person who buys goods and services for their own use.
A business that operates in many countries.
Global Business
THIS SUPERHERO FLIES, HAS A RED CAPE, AND HIS LOGO IS "S"
Who is Superman?
A businesses or person that sells insurance for a number of different insurance companies. They offer advice about which insurance company is best suited to a person's needs.
An insurance broker.
This was the first person to walk on the Moon in 1969.
Neil Armstrong
This principle says you should not make a profit from insurance — just get back what you lost
Indemnity
What is the name of the law that says what goods and services should be?
Sale of Goods and Supply of Services Act 1980.
A benefit of gloablisation.
Wider choice of goods/services for consumer.
Allows for the sharing of new ideas, experiences and cultures.
Global businesses pay taxes to the governments which they operate in.
Creates employment.
Irish businesses have access to a wider market.
THIS CHARACTER IS THE FIRST ONE CREATED BY WALT DISNEY
Who is Mickey Mouse?
The application form for insurance. The applicant must answer questions about themselves and the thing they want to insure.
A proposal form.
This country has won the most FIFA World Cup titles in soccer.
Brazil
If you cause damage, this principle says you must have a real financial loss to claim insurance.
Insurable Interest
What is person or business that MAKES goods.
A manufacturer.
A risk of globalisation.
Environmental impact.
Cities and towns can lose their unique identities.
Some large global companies can abuse their power.
Can lead to inequality - make the rich richer and poor poorer.
Irish businesses may find it hard to compete with global businesses.
Global movement means disease can be spread quicker.
This artist is famous for painting the ceiling of the Sistine Chapel.
Michaelangelo
Covers damage to the house itself. For example, the roof, walls and foundations.
Buildings insurance.
This English author wrote Romeo and Juliet.
William Shakespeare.
If more than one insurance company covers the same thing, they share the payout. This principle is called what?
Contribution
What shows that a consumer has paid for an item.
Proof of Purchase (Receipt and Order Confirmation).
Acting based on whether something is wrong or right, is called...
Ethics
This is the largest ocean on Earth
Pacific Ocean
Third-party fire and theft insurance.
Covers damage to the other driver's (the third party) car in the event of an accident. It also covers the policy holder if the car is stolen or fire damaged.
You can visit the ancient pyramids at Giza in this country
Egypt
Sarah wants to take out health insurance. She is a 35 year old with no history of serious illness. She received the following information from VHI.
1. The basic premium is $350 per year.
2. There is a 5% loading for people over 34.
3. There is a 10% discount for no history of serious illness.
Calculate the total premium
Basic Premium: 350
5% x 350 = +17.5
10% x 350= -35
=332.5