Question

What factors are considered in calculating insurance premiums?

a.

Interest rate, mortality rate, withdrawal rate, commission rate, expenses

b.

Interest rate, age, occupation, gender

c.

Mortality rate, health condition, income level

d.

Commission rate, area of residence, number of dependents

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (a).Interest rate, mortality rate, withdrawal rate, commission rate, expenses Explanation:Insurance premiums are calculated based on factors such as interest rate, mortality rate, withdrawal rate, commission rate, and expenses.

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Q. What factors are considered in calculating insurance premiums?
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