Answer to Question #255676 in Finance for Kajal

Question

Vaishali is working as an actuarial in an insurance company. Few of the new joiners have been appointed as an underwriter in their department. Vaishali’s manager asks her to prepare a short presentation on the various methods used by them in calculating the premium rate. Help Vaishali to complete the assigned task. 

Answer 1

If you have an insurance policy, then the organization charges you cash in exchange for that coverage. The money you have to pay to the business enterprise is referred to as the insurance top rate. Relying on the insurance policy, you need to pay the top rate quantity each month or on a semi-annual foundation. You can need to pay the whole amount upfront before the insurance starts in a few instances. Many insurance companies offer diverse strategies to deliver your amount, including credit and debit cards junior time, online options, cash orders, automatic bills.