Question

A company maintains policy value information in their insurance table. Determine the tatal investment value, tiv for all policy holder

Answer 1

Answer:

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Explanation:

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Answer 2

Answer is given below.

Explanation:

Given,

A company maintains policy value information in their insurance table.

Insurance is a contract. It is a law-abiding agreement between the two parties. One party is bound by the agreement guaranteeing that the other party will be compensated. The other party is bound to enter into a contract guaranteeing the payment of a fixed rate premium for compensation. A contract between the first party insurer and the second party insurer, guaranteeing compensation and premium payment, respectively.Life insurance does not cover the loss, no cost can be paid to the life of the people. Therefore, in the case of life insurance, financial security is provided.

• The sales representative of the insurance company or the web site will inform the customer about the various plans and review the various schemes: Creating a customized plan.

• Apply in the prescribed form of the insurance company to obtain the insurance customer's preferred plan.

• The insurer reviewed the application and the accompanying documents submitted: making a written decision of the insurer.

• The premium paid by the insurance customer upon receiving the insurance company's decision.

• Finalization of insurance contract through FPR by the insurance company after payment of premium by the insurance customer.

• Collection of insurance documents by the customer after performing FPR by the insurance company.