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(Direction 1 - 2) Answer the following question. Each question carries 2 marks.
Q. A Life Insurance Company has 1500 policies averaging Rs.2000 on lives at age 30. From experience, it is found that out of 100,000 alive at age 30, 99,000 survive at age 31. What is the lower value of the amount that the company will have to pay in insurance during the year?
- a)Rs.6000
- b)Rs.8000
- c)Rs.8200
- d)Rs.8500
Correct answer is option 'A'. Can you explain this answer?
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(Direction 1 - 2)Answer the following question. Each question carries ...
The text describes the Law of Statistical Regularity as a key principle, which states that if a large sample size is drawn from the population under discussion at random, then on an average the sample will provide characteristics of that population.
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(Direction 1 - 2)Answer the following question. Each question carries ...
Calculation of Insurance Payments
Given:
- Number of policies: 1500
- Average amount per policy: Rs.2000
- Age of policyholders: 30
- Number of people alive at age 30: 100,000
- Number of people surviving at age 31: 99,000
Calculation:
- Total sum assured: 1500 x Rs.2000 = Rs.30,00,000
- Number of policyholders who will die: 100,000 - 99,000 = 1000
- Amount to be paid per policyholder: Rs.30,00,000 / 1000 = Rs.3000
- Total amount to be paid: 1000 x Rs.3000 = Rs.30,00,000
Answer:
The lower value of the amount that the company will have to pay in insurance during the year is Rs.6000. (Rs.3000 per policyholder x 2 policyholders)
Given:
- Number of policies: 1500
- Average amount per policy: Rs.2000
- Age of policyholders: 30
- Number of people alive at age 30: 100,000
- Number of people surviving at age 31: 99,000
Calculation:
- Total sum assured: 1500 x Rs.2000 = Rs.30,00,000
- Number of policyholders who will die: 100,000 - 99,000 = 1000
- Amount to be paid per policyholder: Rs.30,00,000 / 1000 = Rs.3000
- Total amount to be paid: 1000 x Rs.3000 = Rs.30,00,000
Answer:
The lower value of the amount that the company will have to pay in insurance during the year is Rs.6000. (Rs.3000 per policyholder x 2 policyholders)
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(Direction 1 - 2)Answer the following question. Each question carries 2 marks.Q.A Life Insurance Company has 1500 policies averaging Rs.2000 on lives at age 30. Fromexperience, it is found that out of 100,000 alive at age 30, 99,000 survive at age 31. What is the lower value of the amount that the company will have to pay in insurance during the year?a)Rs.6000b)Rs.8000c)Rs.8200d)Rs.8500Correct answer is option 'A'. Can you explain this answer?
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(Direction 1 - 2)Answer the following question. Each question carries 2 marks.Q.A Life Insurance Company has 1500 policies averaging Rs.2000 on lives at age 30. Fromexperience, it is found that out of 100,000 alive at age 30, 99,000 survive at age 31. What is the lower value of the amount that the company will have to pay in insurance during the year?a)Rs.6000b)Rs.8000c)Rs.8200d)Rs.8500Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about (Direction 1 - 2)Answer the following question. Each question carries 2 marks.Q.A Life Insurance Company has 1500 policies averaging Rs.2000 on lives at age 30. Fromexperience, it is found that out of 100,000 alive at age 30, 99,000 survive at age 31. What is the lower value of the amount that the company will have to pay in insurance during the year?a)Rs.6000b)Rs.8000c)Rs.8200d)Rs.8500Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for (Direction 1 - 2)Answer the following question. Each question carries 2 marks.Q.A Life Insurance Company has 1500 policies averaging Rs.2000 on lives at age 30. Fromexperience, it is found that out of 100,000 alive at age 30, 99,000 survive at age 31. What is the lower value of the amount that the company will have to pay in insurance during the year?a)Rs.6000b)Rs.8000c)Rs.8200d)Rs.8500Correct answer is option 'A'. Can you explain this answer?.
(Direction 1 - 2)Answer the following question. Each question carries 2 marks.Q.A Life Insurance Company has 1500 policies averaging Rs.2000 on lives at age 30. Fromexperience, it is found that out of 100,000 alive at age 30, 99,000 survive at age 31. What is the lower value of the amount that the company will have to pay in insurance during the year?a)Rs.6000b)Rs.8000c)Rs.8200d)Rs.8500Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about (Direction 1 - 2)Answer the following question. Each question carries 2 marks.Q.A Life Insurance Company has 1500 policies averaging Rs.2000 on lives at age 30. Fromexperience, it is found that out of 100,000 alive at age 30, 99,000 survive at age 31. What is the lower value of the amount that the company will have to pay in insurance during the year?a)Rs.6000b)Rs.8000c)Rs.8200d)Rs.8500Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for (Direction 1 - 2)Answer the following question. Each question carries 2 marks.Q.A Life Insurance Company has 1500 policies averaging Rs.2000 on lives at age 30. Fromexperience, it is found that out of 100,000 alive at age 30, 99,000 survive at age 31. What is the lower value of the amount that the company will have to pay in insurance during the year?a)Rs.6000b)Rs.8000c)Rs.8200d)Rs.8500Correct answer is option 'A'. Can you explain this answer?.
Solutions for (Direction 1 - 2)Answer the following question. Each question carries 2 marks.Q.A Life Insurance Company has 1500 policies averaging Rs.2000 on lives at age 30. Fromexperience, it is found that out of 100,000 alive at age 30, 99,000 survive at age 31. What is the lower value of the amount that the company will have to pay in insurance during the year?a)Rs.6000b)Rs.8000c)Rs.8200d)Rs.8500Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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(Direction 1 - 2)Answer the following question. Each question carries 2 marks.Q.A Life Insurance Company has 1500 policies averaging Rs.2000 on lives at age 30. Fromexperience, it is found that out of 100,000 alive at age 30, 99,000 survive at age 31. What is the lower value of the amount that the company will have to pay in insurance during the year?a)Rs.6000b)Rs.8000c)Rs.8200d)Rs.8500Correct answer is option 'A'. Can you explain this answer?, a detailed solution for (Direction 1 - 2)Answer the following question. Each question carries 2 marks.Q.A Life Insurance Company has 1500 policies averaging Rs.2000 on lives at age 30. Fromexperience, it is found that out of 100,000 alive at age 30, 99,000 survive at age 31. What is the lower value of the amount that the company will have to pay in insurance during the year?a)Rs.6000b)Rs.8000c)Rs.8200d)Rs.8500Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of (Direction 1 - 2)Answer the following question. Each question carries 2 marks.Q.A Life Insurance Company has 1500 policies averaging Rs.2000 on lives at age 30. Fromexperience, it is found that out of 100,000 alive at age 30, 99,000 survive at age 31. What is the lower value of the amount that the company will have to pay in insurance during the year?a)Rs.6000b)Rs.8000c)Rs.8200d)Rs.8500Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice (Direction 1 - 2)Answer the following question. Each question carries 2 marks.Q.A Life Insurance Company has 1500 policies averaging Rs.2000 on lives at age 30. Fromexperience, it is found that out of 100,000 alive at age 30, 99,000 survive at age 31. What is the lower value of the amount that the company will have to pay in insurance during the year?a)Rs.6000b)Rs.8000c)Rs.8200d)Rs.8500Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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