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It might not be loss always.. it can be gain too depending on NAV movement... Yes mortality is usually charged proportionately basis number of days for which cover is provided and other charges as mentioned will be applied.. some companies waive off mortality charges so as to avoid unnecessary hass...

arpit wrote: ↑

20 Feb 2019, 19:45

RISHABH wrote: 

Can you explain it further, I am not able to get it.  

+1
 

Further to add.. in case of unit linked plans.. the gain or loss because of change in NAV is also transferred to the policyholder.. Practically there are FLCs which are happening during first 2-3 months as well in India Sent from my ONEPLUS A6000 using Actuarial Info mobile app The loss would be de...

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A  complete market  is one in which a replicating startegy exists for any derivative. we just assume that the market for securities is complete (without proof) and hence the derivation of the Black-Scholes formula works. A  perfect market  is perfect is the sense of perfect competition as discussed ...

Definition:  Indemnity means making compensation payments to one party by the other for the loss occurred. Description:  Indemnity is based on a mutual contract between two parties (one insured and the other insurer) where one promises the other to compensate for the loss against payment of premium...

Definition:  Bancassurance means selling insurance product through banks. Banks and insurance company come up in a partnership wherein the bank sells the tied insurance company's insurance products to its clients. ​ Download our App for daily notifications ​​​​​​ Description:  Bancassurance arrange...

I would like to share another good news beneficial for all of you! We had a discussion with an Actuary and he is a great person, having great experience and too active on Insurtech front. He is ready to give in some of his time weekly, if possible but will be sharing his thoughts on our Forums very ...

Definition: Proposal form is the most important and basic document required for life insurance contract between the insured and insurance company. It includes the insured's fundamental information like address, age, name, education, occupation etc. It also includes the person's medical history. Desc...

shreyanshh wrote:Also, I would like to understand more deeply.

Sent from my S6s using Actuarial Info mobile app

Will try to cover it up on Insurology, until then you can refer this
Livemint article explaining in details

Sent from my LLD-AL10 using Actuarial Info mobile app