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महाराष्ट्र राज्य शिक्षण मंडळएचएससी वाणिज्य (इंग्रजी माध्यम) इयत्ता १२ वी

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 = □1000×80,000 = ₹ 1,600 B - Mathematics and Statistics

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प्रश्न

Policy value = ₹ 80,000

Period of policy = 20 years

Amount of money paid in 10 years = `square`

Annualized average rate per bonus = ₹ 20 per thousand per year

For one year, bonus = `square/1000 xx 80,000`

= ₹ 1,600

Bonus for 10 years = `10 xx square`

= ₹ 16,000

Total amount after 10 years = `square + 16000`

= ₹ `square`

रिकाम्या जागा भरा
बेरीज

उत्तर

Policy value = ₹ 80,000

Period of policy = 20 years

Amount of money paid in 10 years = 8,00,000

Annualized average rate per bonus = ₹ 20 per thousand per year

For one year, bonus = `20/1000 xx 80,000`

= ₹ 1,600

Bonus for 10 years = `10 xx 1,600`

= ₹ 16,000

Total amount after 10 years = 8,00,000 + 16000

= ₹ 8,16,000

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पाठ 2.2: Insurance and Annuity - Q.5

संबंधित प्रश्‍न

Define Life Insurance. 


Distinguish between the following:
Fire Insurance & Marine Insurance


Choose the correct answer for the following:
Which of the following is not a function of insurance?


A shop is valued at ₹3,60,000 for 75% of its value. If the rate of premium is 0.9%, find the premium paid by the owner of the shop. Also, find the agents commission if the agent gets commission at 15% of the premium.


The rate of premium is 2% and other expenses are 0.75%. A cargo worth ₹ 3,50,100 is to be insured so that all its value and the cost of insurance will be recovered in the event of total loss.


A person takes a life policy for ₹2,00,000 for a period of 20 years. He pays premium for 10 years during which bonus was declared at an average rate of ₹20 per year per thousand. Find the paid up value of the policy if he discontinues paying premium after 10 years.


Choose the correct alternative :

“A contract that pledges payment of an agreed upon amount to the person (or his/ her nominee) on the happening of an event covered against” is technically known as


Choose the correct alternative :

Following are different types of insurance.
I. Life insurance
II. Health insurance
III. Liability insurance


Fill in the blank :

The proportion of property value to insured value is called __________.


A house valued at ₹ 8,00,000 is insured at 75% of its value. If the rate of premium is 0.80%, find the premium paid by the owner of the house. If agent’s commission is 9% of the premium, find agent’s commission.


Solve the following :

A factory building is insured for `(5/6)^"th"` of its value at a rate of premium of 2.50%. If the agent is paid a commission of ₹2,812.50, which is 7.5% of the premium, find the value of the building.


Solve the following :

A merchant takes fire insurance policy to cover 80 % of the value of his stock. Stock worth ₹80,000 was completely destroyed in a fire while the rest of stock was reduced to 20% of its value. If the proportional compensation under the policy was ₹67,200, find the value of the stock.


Solve the following :

A 35-year old person takes a policy for ₹1,00,000 for a period of 20 years. The rate of premium is ₹76 and the average rate of bonus is ₹7 per thousand p.a. If he dies after paying 10 annual premiums, what amount will his nominee receive?


Solve the following :

A cargo of grain is insured at `(3/4)`% to cover 70% of its value. ₹1,008 is the amount of premium paid. If the grain is worth ₹12 per kg, how many kg of the grain did the cargo contain?


Solve the following :

A property valued at ₹7,00,000 is insured to the extent of  ₹5,60,000 at `(5/8)^"th"` % less 20%. . Calculate the saving made in the premium.Find the amount of loss that the owner must bear, including premium, if the property is damaged to the extent of 40 % of its value.


Solve the following :

Stocks in a shop and godown worth ₹75,000 and ₹1,30,000 respectively were insured through an agent who receives 15% of premium as commission. If the shop was insured for 80% and godown for 60% of the value, find the amount of agent’s commission when the premium was 0.80% less 20%. If the entire stock in the shop and 20% stock in the godown is destroyed by fire, find the amount that can be claimed under the policy.


Property value = ₹ 12,50,000

Rate of premium, r = ₹ 3%

If property is 80% insured

Policy value = 80% of its property value

= `square/100 xx 12,50,000`

= ₹ 10,00,000

Premium = `square/100 xx 10,00,000`

= ₹ `square`


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