Ask a Question
  • Home
  • Insurance
  • What are the important elements in computation of premium in case of life insurance?

What are the important elements in computation of premium in case of life insurance?

← Prev Question Next Question →
+1 vote
219 views
in Insurance by (82.5k points)
What are the important elements in computation of premium in case of life insurance?

I'd like to ask this question from Insurance topic

The question was asked in an online quiz.

Other related questions to my question are:-

How is life insurance premium calculated?

What is most important in determining your life insurance premium rate?

What are the 4 required elements of an insurance contract?

1 Answer

+1 vote
by (393k points)
selected by
 
Best answer
Correct answer for this question is: - Your age. Insurance companies look at your age because that can predict the likelihood that you'll need to use the insurance.   

- The type of coverage. In general, you have several options when you buy an insurance policy.   

- The amount of coverage.   

- Personal information.   

- Actuarial tables.

The title of my answer can be How to Calculate Insurance Premiums

The heading of my answer can be How to Calculate Insurance Premiums

The reference of my answer is Investopedia

Related questions

+1 vote
1 answer
What are the elements of a life insurance premium?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What are the elements of life insurance premium?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What is premium on life insurance policy?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What does premium mean in life insurance?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What are the 4 major elements of insurance premium?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
Why insurance is important in our life?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What are the main elements of life insurance?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
Welcome to TalkJarvis QnA, a question-answer community website for the people by the people. On TalkJarvis QnA you can ask your doubts, curiosity, questions and whatever going in your mind either related to studies or others. Experts and people from different fields will answer.

Most popular tags

biology – class 12 biology – class 11 construction & building materials chemistry – class 12 electronic devices & circuits network theory data structures & algorithms ii cell biology ic engine insurance finance money computational fluid dynamics engineering physics i discrete mathematics chemistry – class 11 aerodynamics casting-forming-welding i engineering mathematics operating system casting-forming-welding ii engineering drawing mysql engineering geology digital circuits wireless mobile energy management electrical measurements digital communications cyber security analytical instrumentation embedded systems electric drives cytogenetics computer fundamentals life sciences basic civil engineering advanced machining iot design of electrical machines physics – class 12 applied chemistry dairy engineering basic chemical engineering cloud computing microprocessor bioinformatics aircraft design aircraft maintenance software engineering drug biotechnology digital signal processing biochemistry data structures & algorithms i automotive engine design avionics engineering material & metallurgy energy engineering cognitive radio unix electrical machines biomedical instrumentation object oriented programming electromagnetic theory power electronics analog communications bioprocess engineering civil engineering drawing engineering metrology physics – class 11 mathematics – class 12 engineering chemistry i basic electrical engineering unit processes mongodb signals and systems cryptograph & network security hadoop mathematics – class 11 engineering physics ii html control systems engineering mechanics antennas analog circuits computer network java sql server javascript concrete technology chemical process calculation artificial intelligence design of steel structures c++ database management computer architecture engineering chemistry ii corrosion engineering chemical technology dc machines
Powered by TalkJarvis
...