Question

What is the impact of inflation on premium calculations?

A Inflation has no impact on premium calculations.
B Inflation only affects the cost of claims, not the exposure
C Inflation affects both the cost of claims and the exposure, which must be considered
D Inflation primarily affects the insurer's expenses, not the cost of claims
E None of the above
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)