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The annual premium table per Tk.1000 of a six-payment plan for a term of 15 years for both at 4% interest rate and 6% interest rate, using MatLab programming is given below. The annual premium table per Tk.1000 of a six-payment plan for a term of 12 years for both at 4% interest rate and 6% interest rate using MatLab programming is given below.

Table 2 The annual premium table per Tk.1000 of a six-payment plan for a term of 15 years for both at 4% interest rate and 6% interest rate, using MatLab programming is given below. The annual premium table per Tk.1000 of a six-payment plan for a term of 12 years for both at 4% interest rate and 6% interest rate using MatLab programming is given below.

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In three payments plan survival benefit is given at 3 stages of the total term of the policy. If the term of the policy is 12 years then we may consider that 14.286% of the sum assured is provided after the expiry of 2 years, 14.286% of the sum assured is provided after the expiry 4 years, this will be continued till 10 years in a consecutive 2 years gape and finally, 28.572% of the sum assured is provided at the end of the term i.e. after 12 years as survival benefit. So, the Mathematical formulation for a three payment plan, where the basic sum assured is Tk 1000 using the commutation function Mx, Dx, Nx for n years and for a person aged x is: a ee ee ee. ee a ee ee a ee: |
In three payments plan survival benefit is given at 3 stages of the total term of the policy. If the term of the policy is 12 years then we may consider that 14.286% of the sum assured is provided after the expiry of 2 years, 14.286% of the sum assured is provided after the expiry 4 years, this will be continued till 10 years in a consecutive 2 years gape and finally, 28.572% of the sum assured is provided at the end of the term i.e. after 12 years as survival benefit. So, the Mathematical formulation for a three payment plan, where the basic sum assured is Tk 1000 using the commutation function Mx, Dx, Nx for n years and for a person aged x is: a ee ee ee. ee a ee ee a ee: |
But above all, one of our experiments has been approximately matched with the basic annual premiums which have been provided by the American life insurance company (MetLife) for 15 years three-payment plan for 1000tk FA. In this paper, we have focused on how to calculate the annual premium by using MatLab programming, and broadly described the history of the insurance policy along with its classification to achieve how we exactly reach there to conduct business in dynamic portion to provide a bilateral comfortable business relationship between consumers and
But above all, one of our experiments has been approximately matched with the basic annual premiums which have been provided by the American life insurance company (MetLife) for 15 years three-payment plan for 1000tk FA. In this paper, we have focused on how to calculate the annual premium by using MatLab programming, and broadly described the history of the insurance policy along with its classification to achieve how we exactly reach there to conduct business in dynamic portion to provide a bilateral comfortable business relationship between consumers and
We have seen that the premium rate charged by MetLife, and different life insurance companies like Delta Life Insurance, National Life Insurance, etc. don’t exactly match what we have calculated using MatLab programming. This may be due to the following reasons:
We have seen that the premium rate charged by MetLife, and different life insurance companies like Delta Life Insurance, National Life Insurance, etc. don’t exactly match what we have calculated using MatLab programming. This may be due to the following reasons:
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BusinessActuarial ScienceGeneral InsuranceInsurance Policy
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