Question
In Life Insurance, the surplus as per Valuation Balance
Sheet is ₹20 crore. 95% is to be allocated to policyholders and 5% to shareholders. If policy bonus is declared in the form of reversionary bonus, how much is allocated to shareholders?Solution
Shareholders’ share = 5% of 20 crore = 1 crore.
If K = 22, KIT = 80, then ‘KITE’ will be equal to?
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