Aisha, aged 25 years, female, purchased an insurance policy from Dhofar Insurance with a face value of 15,000 RO. The annual premium for straight life policy is: Rate table Five year Fixed rate Straight Life Age Male Female Age Male Female 20 1.57 1.27 20 5.90 4.24 25 1.65 1.33 25 7.13 6.35 30 1.87 1.56 30 8.85 7.75 35 2.23 1.76 35 11.26 9.71 40 3.52 2.44 40 14.54 12.46 O a. RO 19.95 O b. RO 106.95 O. RO 24.75 O d. RO 95.25
Aisha, aged 25 years, female, purchased an insurance policy from Dhofar Insurance with a face value of 15,000 RO. The annual premium for straight life policy is: Rate table Five year Fixed rate Straight Life Age Male Female Age Male Female 20 1.57 1.27 20 5.90 4.24 25 1.65 1.33 25 7.13 6.35 30 1.87 1.56 30 8.85 7.75 35 2.23 1.76 35 11.26 9.71 40 3.52 2.44 40 14.54 12.46 O a. RO 19.95 O b. RO 106.95 O. RO 24.75 O d. RO 95.25
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 40P
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