Q. What factors influence the required return in insurance?

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Q. Why are group life insurance rates on an annual renewable basis usually not guaranteed for more than a single year?

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Q. What is the purpose of retrospective experience rating or profit sharing in group insurance?

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Q. What does prospective experience rating in group insurance involve?

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Q. What does retrospective experience rating in group insurance involve?

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Q. What is one reason why participating group insurance is attractive to both the insured group and the insurer?

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Q. How does longer review periods benefit group insurance?

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Q. What advantage do with-profit plans in group insurance have over without-profit plans?

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Q. According to the guidelines issued by IRDA of India, what is the minimum number of life years required under a Group Master Policy for considering profit sharing?

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Q. How often is profit sharing allowed according to IRDA guidelines?

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Q. What is the maximum percentage of profit sharing allowed if the number of life years for a scheme is less than one lac?

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Q. What mortality assumption is specified by IRDA guidelines for profit sharing purposes?

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Q. When should the experience rating profit sharing formula and related assumptions be furnished according to IRDA guidelines?

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Q. What is the primary reason for offering prospective experience rating in group insurance?

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Q. What disadvantage might an insurer face if it fails to incorporate a group's positive past experience into its premium?

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Q. Why is it important for insurers to correctly assess the extent to which a group's past experience should be reflected in the premium?

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Q. Why might the assumption of independence of claims be less valid for group insurance compared to individual life insurance?

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Q. What factor should be considered when calculating exposures for group insurance?

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Q. Why is it important to establish the validity of past claims experience in group insurance?

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Q. What is the credibility factor denoted by in group insurance?

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