An adjusted endowment insurance for a period of 35 years is issued to a person who is 25 years old with the following co
Posted: Tue Jul 05, 2022 11:48 am
An adjusted endowment insurance for a period of 35 years isissued to a person who is 25 years old with the followingconditions:
1. Annual premium payment for 10 years
2. If he dies within the insurance period, the compensationis Rp. 100,000,000,-
3. If he lives to a period of 35 years then every beginningof year getspayment of Rp. 2.500.000,- in the first year, Rp. 2.000.000,- inthe second year, Rp.1,500,000,- in the third year, Rp. 1,000,000,- from the 4th yearonwards.
Calculate the annual net premium and the monthly premium
1. Annual premium payment for 10 years
2. If he dies within the insurance period, the compensationis Rp. 100,000,000,-
3. If he lives to a period of 35 years then every beginningof year getspayment of Rp. 2.500.000,- in the first year, Rp. 2.000.000,- inthe second year, Rp.1,500,000,- in the third year, Rp. 1,000,000,- from the 4th yearonwards.
Calculate the annual net premium and the monthly premium