An insurance company offers a 40 year old man Rs.2300 one year term Insurance policy for an annual premium of Rs.15. Assume that the number of deaths per one thousand four persons in this group. what is the expected gain for the insurance company on a policy of this type

Ramachandran Ganeshramnath's image
Ramachandran Ganeshramnath
May 21, 2019, 5:31 p.m.