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The total premium is greater than the sum assured because it includes not only the coverage amount but also additional costs such as administrative fees, commissions, and the insurer's profit margin. Insurance companies pool premiums from many policyholders to cover claims, manage risk, and ensure financial stability, which requires charging more than the sum assured. Additionally, premiums may also account for the time value of money and the likelihood of claims occurring over the policy's duration. This ensures that the insurer can fulfill its obligations to all policyholders while remaining profitable.
What else can I help you with?
Is this true the premium for terms life insurance are higher than cash value insurance premiums?
Premium for term life insurance is always lower in comparison to endowment, ulip or any other life policies.However, age factor plays a part in determining the premia for term life insurance.The reason for lower premium in term life insurance is that there is no maturity payment and payment is only made to the nominee in case of any eventuality of the life assured.
Is 4 greater than or equal to 0?
Greater than, as four is more than zero.
An obtuce angle is greater than but less than?
Greater than 90 degrees but less than 180 degrees.
If A is less than B is false and B is less than C false then A is less than C is?
False. A is greater than C. ******************** I'm not in calculus but if A isn't less than B, then that means its either greater than or equal to it. and if B isn't less than C then its greater or equal to. so that means that A is either greater than or equal to C. so that means that A than C.
What is C Cx plus 2y x plus y greater or equal to 8 x greater or equal to 3 y greater or equal to 0?
what is c, x + 2y, x+y equal to or greater than 8, x equal to or greater than 3, y equal to or greater than 0.
What is a number greater than half of the total?
A number greater than half of the total refers to any numerical value that exceeds half of the sum or quantity being considered. Mathematically, this can be represented as x > (1/2) * total, where x is the number in question and total is the entire amount. For example, if the total is 10, any number greater than 5 would be considered greater than half of the total.
Can my total displacement be greater than my total distance?
No, your total displacement (the straight line distance from start to finish, regardless of path taken) cannot be greater than your total distance (the sum of all the length of the path taken). Displacement can be shorter or equal to distance, but not greater.
Is total cost always greater than total variable cost?
always
What is it called when your liabilities are greater than your total assets?
When your liabilities are greater than your total assets you are said to be "in the red." This is because negative numbers in a ledger are traditionally written in red.
What occurs when a bond's stated interest rate is greater than the market interest rate?
The bond's price will be in premium, meaning exceed 100
Is it possible for one beneficiary to receive the entire pay out of an insurance policy if there were multiple beneficairies?
1. The principle of indemnity does not apply to life insurance policies. 2. Declaration at the end of the proposals is a warranty. 3. The claim payable will depend on the Sum Assured. 4. A person who has just taken up his first job needs life insurance. 5. The annual premium may be less than twelve times the monthly premium. 6. The annual premium for a long term policy is less than for a short term policy. 7. The premium increases as the age of the policy holder. 8. The premium depends on the age of the policy holder. 9. The rate of premium charged can be less than the tabular rates. 10. The premium collected in the early years is more than what is required 11. Premium rates are determined by the actuaries of insures.
What two numbers have a greater total than product?
137 and 0
What is high risk cholesterol?
LDL cholesterol greater than 160 mg/dL; total cholesterol greater than or at 240 mg/dL
If aggregate planned expenditures are greater than total production?
GDP will decrease
What is the number of odd integers greater than 5 and less than 15?
The odd integers greater than 5 and less than 15 are 7, 9, 11, and 13, a total of four of them.
Is fit better than premium?
no a premium is a little better than the fit cause premium bikes dont break that much
Can displacement of an object from its starting position ever be greater than the total distance travelled?
No.
