BBA FIN 401
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BBA FIN 401 1
Último contenido BBA FIN 401
Math for life Insurance.doc Daffodil International University BBA FIN-401
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Problem-1: Calculate the net single premium (NSP) and Net Annual Premium (NAP) for 5 years Term and Endowment policy of TK 50000 at the age of 36 from the following information: Age Number of insured person Number of death person PV of TK 1@3% 36 9480 25 0.971 37 9455 26 0.943 38 9429 28 0.915 39 9401 30 0.888 40 9371 31 0.863 Solution (Term Policy): We know that, NSP= PV of Total Death Claim/No. of Policy holder at the beginning of the year NAP= PV of Total Death Claim/PV of Total Pre...
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