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  1. Licentiate Exam question: Fidelity Guarantee Policy

    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
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    Licentiate Exam question

    Thanks for the reply MTG & Rahul. My background is US health care Insurance. Also, the licentiate book does not have the explanations you talked about. Trust me else, I would not have hand typed such...
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    Question from Licentiate exam.

    Sum Insured under fire reinstatement policy = 100 lakhs.
    Premium rate= 2.25 per mille (Can someone explain me what this mille is)
    Calculate: Premium chargeable at beginning of the policy. ...
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    Anurodh here

    Hello everyone.

    I have just joined this community to get a deeper understanding of Insurance business. I am working as a BA in a IT company.
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