Question
An insurance company issues a one-year policy for
₹1,00,000 sum assured. Expected mortality rate = 0.001, expenses ₹50 per policy, risk-free discount rate = 5%. Compute Net Premium ignoring profit loading.Solution
Expected death benefit = ₹1,00,000 × 0.001 = ₹100 PV of benefit = ₹100 ÷ (1.05) ≈ ₹95.24 Add expenses = ₹50 Total premium ≈ ₹145
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