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
Printable View
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
Basic Premium = 100,00,000 X 1/100 = 1,00,000
Loading = 750*10 = 7,500
Total Premium = 1,07,500