Category: IC92 ACTUARIAL ASPECTS – 08

Que. 1 : Q1) An insurance company sells 1000 policies and it expects 5 claims. The total amount of claims is Rs. 2,50,000/-. If the period of cover is one year and if the company wants its total outgo, what premium should the company charge from each of those 1000 policyholders?    1.  a) Rs. 250/-    2.  b) Rs. […]