Math, asked by sanajenny9392, 1 year ago

State and explain the expression for net single premium in terms of V for each of the above insurance schemes.

Answers

Answered by rahul8198

In the single premium plan, an insurer gets coverage for full term by paying premium amount in a lumpsum. Whereas, in regular premium ULIP plan, an insurer needs to pay premiums in intervals such as monthly, quarterly, half-yearly or annually for the policy.

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