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Modeling And Computer Simulation Of An Insurance Policy: A Search For Maximum Profit

Author

Listed:
  • MUKTISH ACHARYYA

    (Department of Physics, Krishnanagar Government College, PO-Krishnanagar, Dist-Nadia, PIN-741101, WB, India)

  • AJANTA BHOWAL ACHARYYA

    (Department of Physics, Hooghly Mohsin College, PO-Chinsurah, Dist-Hooghly, PIN-712101, WB, India)

Abstract

We have developed a model for a life-insurance policy. In this model, the net gain is calculated by computer simulation for a particular type of lifetime distribution function. We observed that the net gain becomes maximum for a particular value of upper age for last premium.

Suggested Citation

  • Muktish Acharyya & Ajanta Bhowal Acharyya, 2003. "Modeling And Computer Simulation Of An Insurance Policy: A Search For Maximum Profit," International Journal of Modern Physics C (IJMPC), World Scientific Publishing Co. Pte. Ltd., vol. 14(08), pages 1041-1046.
    • Handle: RePEc:wsi:ijmpcx:v:14:y:2003:i:08:n:s0129183103005170
    DOI: 10.1142/S0129183103005170
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