PDA

View Full Version : Licentiate Exam question: Fidelity Guarantee Policy



anurodhj_77
06-04-2010, 04:59 PM
Calculate Premium payable for Fidelity Guarantee Policy on Floter basis.

Gurantee Amount: 100 Lakhs
Number of Staff: 75
Premium Rate: 1%
Loading per person: 10 Rs

MTG
06-04-2010, 06:09 PM
Basic Premium = 100,00,000 X 1/100 = 1,00,000
Loading = 750*10 = 7,500
Total Premium = 1,07,500