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Old May 20th, 2014, 11:42 AM
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Join Date: Nov 2011
Default Re: Institute of Actuaries Of India-Subject ST1- Health and Care Insurance Exam Paper

Yes sure, here I am sharing the Institute of Actuaries Of India-Subject ST1- Health and Care Insurance Exam Previous Year’s Question Paper:

Q. 10) (a) Two life insurance companies in the same country maintain records of inforce policies and
deaths subdivided by age and policy duration. Outline the advantages and disadvantages
of pooling the data of the two companies to form one mortality rate estimate for each
combination of age and policy duration.
(3)
(b) Mortality levels for a certain country have been studied at national and regional level.
Under what circumstances a particular region may have an Area Comparability
Factor of 0.5.

Q. 11) On 1 January 1996 a life office issued a number of 20-year pure endowment policies to a
group of lives aged 40 exact. In each case, the sum assured was Rs. 75,000 and premiums
were payable annually in advance.
On 1 January 2010, 500 policies were still in force. During 2010, 3 policyholders died, and no
policy lapsed for any other reason.
The office calculates net premiums and net premium reserves on the following basis:
Interest: 4% per annum
Mortality: AM92 Select
(i) Calculate the profit or loss from mortality for this group for the year ending
31 December 2010.
(7)
(ii) Explain why the mortality profit or loss has arisen.


Institute of Actuaries Of India-Subject ST1- Health and Care Insurance Exam Previous Year’s Question Paper







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