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  • Premium Recived at The Beginning of The Year Total Fund at The Beginning of The Year Interest at 6% P.A

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    Mohd Kafeel
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    This document shows premiums received, total funds, interest earned at 6% annually, death claims paid, surviving policyholders, and funds or reserve per survivor for a life insurance plan over 5 years from ages 30 to 34. The total funds grow each year as more premiums are received and interest is earned, while the number of survivors decreases as death claims are paid out. The funds or reserve per survivor accordingly increases each year.

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    This document shows premiums received, total funds, interest earned at 6% annually, death claims paid, surviving policyholders, and funds or reserve per survivor for a life insurance plan over 5 years from ages 30 to 34. The total funds grow each year as more premiums are received and interest is earned, while the number of survivors decreases as death claims are paid out. The funds or reserve per survivor accordingly increases each year.

    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
    10 views2 pages

    Premium Recived at The Beginning of The Year Total Fund at The Beginning of The Year Interest at 6% P.A

    Uploaded by

    Mohd Kafeel
    This document shows premiums received, total funds, interest earned at 6% annually, death claims paid, surviving policyholders, and funds or reserve per survivor for a life insurance plan over 5 years from ages 30 to 34. The total funds grow each year as more premiums are received and interest is earned, while the number of survivors decreases as death claims are paid out. The funds or reserve per survivor accordingly increases each year.

    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 2

    Age

    Year
    30
    31
    32
    33
    34

    1
    2
    3
    4
    5

    Premium
    recived at
    the
    beginning
    of the year
    167900
    167698.52
    167513.83
    167306
    167094.08

    Premium
    recived at
    the
    beginning
    Age
    Year of the year
    30
    1
    167900
    31
    2 167698.52
    32
    3
    33
    4
    34
    5

    Total fund
    at the
    beginning
    of the year
    167900
    344502.52
    531515.501
    729511.431
    939130.197

    Interest at 6%
    P.A
    10074
    20670.1512
    31890.93007
    43770.68588
    56347.81183

    Total fund
    at the
    beginning Interest at 6%
    of the year P.A
    167900
    10074
    344502.52 20670.1512

    Death
    claims
    paid
    1170
    1171
    1201
    1246
    1308

    Funds at No of Funds / Reserve


    the end of surviv / Provison Per
    the year
    ors
    Survivor
    176804 9988
    17.70164197
    364001.67 9977
    36.48408051
    562205.43 9965
    56.41800615
    772036.12 9952
    77.5759764
    994170.01 9939
    100.0271666

    Death
    claims
    paid
    1170
    1171

    Funds at No of Funds / Reserve


    the end of surviv / Provison Per
    the year
    ors
    Survivor
    176804 9988
    17.70164197
    364001.67 9977
    36.48408051

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