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प्रश्न
The rate of premium on a policy of ₹ 1,00,000 is ₹ 56 per thousand per annum. A rebate of ₹ 0.75 per thousand is permitted if the premium is paid annually. Find the net amount of premium payable if the policyholder pays the premium annually.
उत्तर
Given, Policy value = ₹ 1,00,000
Rate of premium = ₹ 56 per thousand per annum
Rebate = 0.75 per thousand, if paid annually
∴ Rebate =
∴ Net rate of premium
= Rate of premium – Rebate
= 56 – 0.042
= ₹ 55.958 per thousand
Let the policy value be ₹1,000
Then premium = ₹ 55.958
∴ For policy value of 1,00,000,
Net amount of perimum =
= ₹ 5,595.8
∴ Net amount of premium that policy holder pays annually is ₹ 5,595.8.
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Policy value = ₹ 80,000
Period of policy = 20 years
Amount of money paid in 10 years =
Annualized average rate per bonus = ₹ 20 per thousand per year
For one year, bonus =
= ₹ 1,600
Bonus for 10 years =
= ₹ 16,000
Total amount after 10 years =
= ₹
Property value = ₹ 12,50,000
Rate of premium, r = ₹ 3%
If property is 80% insured
Policy value = 80% of its property value
=
= ₹ 10,00,000
Premium =
= ₹
