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Thread: Licentiate Exam question: Fidelity Guarantee Policy

  1. 06-04-2010 #1
    anurodhj_77
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    Default 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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  2. 06-04-2010 #2
    MTG
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    Default

    Basic Premium = 100,00,000 X 1/100 = 1,00,000
    Loading = 750*10 = 7,500
    Total Premium = 1,07,500
    Last edited by Administrator; 06-04-2010 at 06:14 PM.
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