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CALCULATION
Q. 1 On the basis the
following data.
TP Rs. 55
No rebate for mode.
Rebate for SA above Rs.
50000 Rs. 2.00 /1000.
DAB@Rs.1.50 /1000.DAB
granted up to Rs. 8,00,000
only.
Occupation extra Rs. 2.50 /
1000,
a) 4025
b) 4175
c) 4275
d) 4350
ANS. C
On the basis of the
following data
S.A. Rs. 1,00,000/- TP. Rs.
33.10
a). 2810
b) 3110
c) 3310
d) 3360
ANS. C
Calculate quarterly
premium
S.A Rs. 50,000/- Date of
maturity 24.12.2036.
Term 30 years.
Date of birth
28.06.1979.,
Mode rebate for yly Rs
1.50 /1000, hly Rs. 1.00,
qly. Nil and mly. 5% extra.
SA. Rebate Rs. 1.50 /1000
for S.A Rs. 50,000/- and
above.
a) 312
b) 320
c) 331
d) 339
Ans. b
Q. 4 Calculate half yearly
premium
Date of birth 28.06.1978.
Date of maturity
24.12.2041,
SA Rs 1,00,000 term 35
years.
TP for age NEARER
birthday- age 27 Rs. 27.46,
for Age 28, Rs. 27.83 and
for age 29, Rs. 28.37.
5% extra for monthly, less
Rs. 1/- for hly Rs. 1.50 for
yearly,
SA REBATE Rs. 1.50 for SA
Rs. 50000/- and above
a). 1266.50
b) 1267
c) 1293.50
d) 1294
Ans. c
Q. 5 Calculate monthly
premium
S.A Rs. 60,000/-,
endowment 39 years,
date of maturity
28.09.2045,
large sum assured rebate
Rs. 1.50 for
Rs. 50,000 and above.
Date of Birth-26.12.1976
Premium /1000 SA for age
next birthday
29-Rs 27.46, 30-Rs 28.83
31-Rs 29.37
a) 137
b) 140
c) 141
d) 142
Ans. a
Q.6 Calculate monthly
premium
S.A Rs. 30,000/- with DAB
for Rs. 1/- /1000
and occupational extra of
Rs. 1.75 /1000.
Date of Birth 21.10.1980
5% extra for monthly
mode of payment.
TB Rs. 32.81
a) 93.00
b) 93.50
c) 94.00
d) 94.50
Ans. a
Q. 7 A proposal for SA of
Rs. 10 lakhs with DAB for
monthly mode under SSS.
Proposer had a previous
policy of Rs. 5 lakhs with
DAB. Proposal was
accepted with health extra
of Rs. 2.75 /1000 SA
premium for DAB Re 1 /
1000
5% extra for monthly
mode large
SA rebate of Rs. 2/- /1000
a) 4102
b) 4121
c) 4183
d) 4195
Ans. b
a) 60480
b) 60980
c) 61320
d) 61380
Ans. c
Q. 9 Calculate half-yearly
premium for an
endowment policy for Rs.
a) 1266.50
b) 1246.50
c) 1293.50
d) None of the above
Ans. a
Q. 10 What correct
premium to be deducted
from the salary of a person
born on 28.06.1974, who
has taken an endowment
policy on his life.
a) 87.80
b) 89.60
c) 92.80
d) 97.50
Ans. c
Q. 11 correct annual
premium for an
endowment policy on the
life of a person born on
28.6.1974.
Sum assured Rs. 50000
Policy taken on 3rd March
a) 1241.00
b) 1241.50
c) 1242.00
d) None of the above
Ans. B
Q. 12 Calculate monthly
premium to be paid by a
person born on 28.6.1974,
who has taken an
endowment policy on his
life.
Sum Assured Rs. 40000 ;
Term 35 years
Date of maturity
24.12.2037
a) 97.00
b) 97.40
c) 97.50
c) None of the above
ANS. A