Question

How should the method of calculation of Persistency Ratio be as per the guidelines?

a.

As per the latest circular on the same dated 11th Feb. 2010

b.

As per the guidance provided by the Institute of Actuaries of India

c.

Both a and b

d.

As per the Appointed Actuary's Annual Report

Posted under IC 89 Management Accounting

Answer: (c).Both a and b Explanation:The guidelines mention that the method of calculation of Persistency Ratio should be as per the latest circular on the same dated 11th Feb. 2010 and as per the guidance provided by the Institute of Actuaries of India.

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Q. How should the method of calculation of Persistency Ratio be as per the guidelines?
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