Mathematical Formulation for the AlliSya Protection Plus Integration Model

Rini Cahyandari; Asep Awalluddin; Dwi Utami; Tika Rachmawati; Wahyudin Darmalaksana; Sukono Sukono; Puspa Ghazali

Proceedings of the 1st International Conference on Islam, Science and Technology, ICONISTECH 2019, 11-12 July 2019, Bandung, Indonesia.

Research Article

Mathematical Formulation for the AlliSya Protection Plus Integration Model

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@INPROCEEDINGS{10.4108/eai.11-7-2019.2298026,
    author={Rini Cahyandari and Asep Solih Awalluddin and Dwi Putri Utami and Tika Karlina Rachmawati and Wahyudin Darmalaksana and Sukono Sukono and Puspa Liza Ghazali},
    title={Mathematical Formulation for the AlliSya Protection Plus Integration Model},
    proceedings={Proceedings of the 1st International Conference on Islam, Science and Technology, ICONISTECH 2019, 11-12 July 2019, Bandung, Indonesia.},
    publisher={EAI},
    proceedings_a={ICONISTECH},
    year={2021},
    month={1},
    keywords={unit link sharia life insurance integration model mathematical formulation premium fund management scheme},
    doi={10.4108/eai.11-7-2019.2298026}
}

Rini Cahyandari
Asep Solih Awalluddin
Dwi Putri Utami
Tika Karlina Rachmawati
Wahyudin Darmalaksana
Sukono Sukono
Puspa Liza Ghazali
Year: 2021
Mathematical Formulation for the AlliSya Protection Plus Integration Model
ICONISTECH
EAI
DOI: 10.4108/eai.11-7-2019.2298026

Rini Cahyandari¹^,*, Asep Solih Awalluddin¹, Dwi Putri Utami¹, Tika Karlina Rachmawati², Wahyudin Darmalaksana³, Sukono Sukono⁴, Puspa Liza Ghazali⁵

1: Department of Mathematics, UIN Sunan Gunung Djati Bandung, Indonesia
2: Department of Mathematics Education, UIN Sunan Gunung Djati Bandung, Indonesia
3: Department of Hadits Science, UIN Sunan Gunung Djati Bandung, Indonesia
4: Department of Mathematics, Universitas Padjadjaran, Indonesia
5: Department of Finance, Universiti Sultan Zainal Abidin, Malaysia

*Contact email: rini_cahyandari@uinsgd.ac.id

Abstract

AlliSya Protection is a unit link sharia life insurance product that offers two benefits at once, that is the benefits of protection and investment. Some additional benefits are also offered by this product in the form of the risk of critical illness, disability, hospitalization, accidents, and premium exemption. The explanation of unit link sharia insurance product is generally presented in the form of summary illustrations that can be varied in shape and many pages. In this paper will be discussed about the integration model as an alternative presentation form of summarizing illustrations of unit link sharia insurance, namely AlliSya Protection Plus. Through the mathematical formulation written in each column of the model integration table, will be seen the premium fund management scheme of unit link sharia which is more clearly, sequentially and easily readable.

Keywords: unit link sharia life insurance integration model mathematical formulation premium fund management scheme

Published: 2021-01-12
Publisher: EAI

: http://dx.doi.org/10.4108/eai.11-7-2019.2298026