IGNOU M.Sc. Actuarial Science General Insurance, Life & Health Contingencies Question Paper 2011

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M.Sc. ACTURIAL SCIENCE
Term-End Examination
June, 2011
MIA-009 F2F: GENERAL INSURANCE, LIFE AND
HEALTH CONTINGENCIES

1. On 1 January 1992 a life insurance company issued a number of 20-year pure endowment policies to a group of lives aged 40 exact. In each case, the sum assured was Rs. 75000 and premiums were payable annually in advance. On 1 January 2006, 500 policies were still in force, During 2006, 3 policy holders died, and no policy lapsed for any other reason. The office calculates net premiums and net premium reserves on the following basis: Interest 4%per annum Mortality AM 92 select

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IGNOU M.Sc. Actuarial Science General Insurance, Life & Health Contingencies Question Paper 2011


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