1. Given the following data.
Tabular Premium Rs. 55 No rebate for mode. Rebate for SA above Rs. 50000 Rs. 2.00 per thousand. DAB @ Rs. 1.50 per thousand. DAB granted upto Rs. 8,00,000 only. Occupation Extra Rs. 2.50 per thousand, what would be the half yearly premium for SA Rs. 1,50,000.
(a) 4275 * (b) 4175 (c) 4250 (d) 4350
2. On the basis of the following data
S.A. Rs. 1,00,000/- Tabular Premium.. Rs. 33.10
Rebate Rs. 2/- per thousand for yearly Re. 1/- for Half Yearly, None for quarterly.
Rebate Rs. 3/- per thousand for Rs. 1,00,000 and above.
DAB Re. 1/- per thousand
Occupation Extra Rs. 4/- per thousand.
Calculate the yearly premium for Rs 1 lakh SA.
(a) 2810 (b) 3110 (c) 3310 * (d) 3360
3. Calculate quarterly premium (rounded off to the next higher rupee) on the basis of the following data.
S.A.s. 50,000/- , Date of Maturity Rs. 24.12.2036.- Term 30 years.
Date of Birth – 28.06.1979., Mode Rebate Yly 1.50 per thousand, Hly Rs. 1.00, Quarterly Nil Monthly mode 5 % extra. S.A. Rebate Rs. 1.50 per thousand for Rs. 50,000/- and above.
Tabular Premium. for Age nearer birthday 26 Rs. 26.46
27 Rs. 27.08
28 Rs. 28.15
(a) 312 (b) 320 * (c) 331 (d) 339
4. Calculate Half yearly Premium on the basis of the following data
Date of Birth 28.06.1978. Date of Maturity 24.12.2041., S.A. Rs. 1,00,000/- , Term 35 Years. Tabular Premium for Age next birthday- Age 27 Rs. 27.46, for Age 28, Rs. 27.83 and for Age 29, Rs. 28.37. Rebate 5 % extra for monthly, less Rs. 1/- for HLY Rs. 1.50 for Yearly, S.A.Rs. 1.50 for Sum Assured Rs. 50000/- and above.
(a) 1266.50 (b) 1267 (c) 1293.50 * (d) 1294
5. Calculate monthly premium (rounded off to next higher rupee)
S.A. Rs. 60,000/-, Endownment – 39 Years, Date of Maturity 28.09.2045, Large Sum Assured Rebate Rs. 1.50 for Rs. 50,000 and above. DOB – 26.12.1976
Premium per thousand SA. For age next birthday 29 27.46
30 28.83
31 29.37
(a) 139 (b) 137 * (c) 141 (d) 142
6. Calculate monthly premium (rounded off to next higher fifty paise)
S.A. of Rs. 30,000/- with DAB for Rs. 1/- per thousand and Occupational extra of Rs. 1.75 per thousand. DOB 21.10.1980 5% extra for monthly mode of payment. Tabular Premium Rs. 32.81
(a) 93,00* (b) 93.50 (c) 94.00 (d) 94.50
7. A proposal for S.A. of Rs. 10 lakhs with DAB for monthly mode under SSS. Proposer had a previous policy of Rs. 5 lakhs with DAB. Proposal was accepted with health extra of Rs. 2.75 per thousand S.A. Premium for DAB Re 1 per thousand 5% extra for monthly mode Large S.A. Rebate of Rs. 2/- per thousand for 1 lakh and above . Tabular Premium Rs. 48.20 Maximum total S.A. on which DAB is allowed is Rs. 10/- lakhs.
Find monthly premium, rounded off to the next higher rupee
(a) 4102 (b) 4121 * (c) 4183 (d) 4195
8. A policy for Rs.12 lakhs taken on 14.7.2007 under Endowment plan for 20 years with DAB. DOB is 12.11.1980. Proposal is accepted with DAB @ Rs.1.50 per thousand (Maximum Rs.10 lakhs) and occupational extra of Rs.2.75 per thousand. No rebates for high SA. However for yearly mode a rebate of Rs. 2 is given. Calculate yearly premium
Tabular premium for age nearer birthday, as follows :
Age 25 - Rs.48.20
Age 26 - Rs.48.40
Age 27 - Rs 49.10
Age 28 - Rs.49.80
(a) 60480 (b) 60980 (c) 61320 * (d) 61380
9 Given the following information, indicate which of the four options given below would be the correct half-yearly premium for an Endowment policy for Rs. 1 lakh, on the life of a person born on 28.6.1974.
Term 35 years
Date of maturity 24.12.2037
Tabular premium for age nearest birthday 27 - Rs.27.46 per thousand
Tabular premium for age nearest birthday 28 - Rs.27.83 per thousand
Tabular premium for age nearest birthday 29 - Rs.28.37 per thousand
Premium adjustment – 5% extra for monthly mode, Rs. 1 less for half yearly mode
and Rs. 1.50 less for yearly mode
S.A. Rebate Rs. 1.50 less for Rs. 50000 and above
Options
- 1266.50 *
- 1246.50
- 1293.50
- none of the above
10 Given the following information, indicate which of the four options given below would be the correct premium to be deducted from the salary of a person born on 28.6.1974, who has taken an Endowment policy on his life.
Sum Assured Rs. 40000
Term 35 years
Date of maturity 24.12.2037
Tabular premium for age nearest birthday 27 - Rs.27.46 per thousand
Tabular premium for age nearest birthday 28 - Rs.27.83 per thousand
Tabular premium for age nearest birthday 29 - Rs.28.37 per thousand
Premium adjustment – 5% extra for monthly mode, Rs. 1 less for half yearly mode
and Rs. 1.50 less for yearly mode
SA. Rebate Rs. 1.50 less for Rs. 50000 and above
Options
- 92.80 *
- 89.57
- 97.41
- none of the above
11 . Given the following information, indicate which of the four options given below would be the correct annual premium (rounded off to the nearest rupee) for an Endowment policy on the life of a person born on 28.6.1974.
Sum Assured Rs. 50000
Policy taken on 3rd March 2003, to be back dated by three months
Tabular premium for age nearest birthday 27 - Rs.27.46 per thousand
Tabular premium for age nearest birthday 28 - Rs.27.83 per thousand
Tabular premium for age nearest birthday 29 - Rs.28.37 per thousand
Premium adjustment – 5% extra for monthly mode, Rs. 1 less for half yearly mode
and Rs. 1.50 less for yearly mode
SA. Rebate Rs. 1.50 less for Rs. 50000 and above
Options
- 1241.00
- 1241.50
- 1242.00 *
- none of the above
12 Given the following information, indicate which of the four options given below shows the monthly premium (rounded off to the nearest rupee) to be paid by a person born on 28.6.1974, who has taken an Endowment policy on his life.
Sum Assured Rs. 40000
Term 35 years
Date of maturity 24.12.2037
Tabular premium for age nearest birthday 27 - Rs.27.46 per thousand
Tabular premium for age nearest birthday 28 - Rs.27.83 per thousand
Tabular premium for age nearest birthday 29 - Rs.28.37 per thousand
Premium adjustment – 5% extra for monthly mode, Rs. 1 less for half yearly mode
and Rs. 1.50 less for yearly mode
SA. Rebate Rs. 1.50 less for Rs. 50000 and above
Options
- 97.00 *
- 97.40
- 97.50
- none of the above
0 comments:
Post a Comment