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PolicyWala Newbie
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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PW Expert
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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