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  • Car Insurance: Previous Claims Premuim Amount Past2 Year

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    Smriti Bhandari
    40 views4 pages
    This document provides information on car insurance premium amounts based on previous claims. It shows that with no previous claims, there is a 10% discount on the premium amount. For 1-2 previous claims, the premium amount remains the same. For 2-5 previous claims, there is a 30% addition to the premium amount. For 5 or more previous claims, there is a 50% addition to the premium amount.

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    This document provides information on car insurance premium amounts based on previous claims. It shows that with no previous claims, there is a 10% discount on the premium amount. For 1-2 previous claims, the premium amount remains the same. For 2-5 previous claims, there is a 30% addition to the premium amount. For 5 or more previous claims, there is a 50% addition to the premium amount.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    40 views4 pages

    Car Insurance: Previous Claims Premuim Amount Past2 Year

    Uploaded by

    Smriti Bhandari
    This document provides information on car insurance premium amounts based on previous claims. It shows that with no previous claims, there is a 10% discount on the premium amount. For 1-2 previous claims, the premium amount remains the same. For 2-5 previous claims, there is a 30% addition to the premium amount. For 5 or more previous claims, there is a 50% addition to the premium amount.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 4

    Car Insurance

    premuim amount
    10000 INR
    Previous Claims

    past2
    Previous Claims Premuim Amount year
    0 9000 0
    1 10000 0
    2 10000 1
    3 13000 2
    4 13000 0
    5 13000 2
    6 15000 4

    Condition (Looking at previous claims claimed)


    No Claims Discount of 10%
    01 - 02 Premuim Amount
    02 - 05 Addition of 30%
    05 & above Addition of 50%
    Previous Claims

    past1
    year Premuim Amount
    0 9000
    1 9000
    2 10000
    3 10000
    4 9000
    5 10000
    6 13000
    Incentive calculation for a Hotelier
    Normal Salary
    10000

    Revenue generated
    order order order order order Incentives
    waiter name table 1 table2 table 3 table 4 table 5 Results
    a 150 250 350 400 50 10000
    b 250 279 519 450 180 13000
    c 17 68 70 22 170 warning
    d 45 666 870 43 390 14500
    e 200 0 0 900 440 12000
    f 500 609 48 345 190 13000

    In INR
    Condition
    Revenue Earned more than 2000
    Revenue Earned more than 1600
    Revenue Earned more than 1250
    Revenue Earned more than 1000
    less than 1000

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