Question

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​

Answer 1

Answer: 6000

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