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Premiums Calculation for Life Insurance

Author

Listed:
  • Ana Preda

    (University of Craiova, Romania)

  • Mariana Gîrbaci

    (University of Craiova, Romania)

Abstract

The paper presents the techniques and the formulas used on international practice for establishing the premiums for a life policy. The formulas are generally based on a series of indicators named mortality indicators which mainly point out the insured survival probability, the death probability and life expectancy at certain age. I determined, using a case study, the unique net premium, the annual net premium for a survival insurance, whole life insurance and mixed life insurance.

Suggested Citation

  • Ana Preda & Mariana Gîrbaci, 2012. "Premiums Calculation for Life Insurance," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 12(3), pages 197-204.
    • Handle: RePEc:pet:annals:v:12:y:2012:i:3:p:197-204
    as

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    File URL: http://www.upet.ro/annals/economics/pdf/2012/part3/Preda-Girbaci.pdf
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    Citations

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    Cited by:

    1. Canan Hamurkaroğlu & Sümeyra Sezer Kaplan, 2024. "Actuarial premium calculation for beekeeping insurance in Turkiye," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 49(3), pages 448-473, July.

    More about this item

    Keywords

    premium; life insurance; mortality tables; commutation numbers;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G35 - Financial Economics - - Corporate Finance and Governance - - - Payout Policy

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