Search found 228 matches

by Mayank
Today, 08:55
Forum: Actuarial Discussions
Topic: SOA jobs
Replies: 1
Views: 68

Re: SOA jobs

I don't know at this point when exemptions aren't happening, course is changing, SOA and CAS are becoming one, this is really a bad timing to say about what will happen in future.

Sent from my LLD-AL10 using Actuarial Info mobile app

by Mayank
Today, 08:50
Forum: Daily Dose
Topic: Bancassurance
Replies: 0
Views: 147

Bancassurance

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. Description: Bancassurance arrangement benefits both the firms. On the one hand, the ba...
by Mayank
Yesterday, 09:38
Forum: Daily Dose
Topic: What is Policy Tenure
Replies: 0
Views: 102

What is Policy Tenure

The ‘policy tenure’ is the duration for which the policy provides life insurance coverage. The policy tenure can be any period ranging from 1 year to 100 years or whole life, depending on the type of life insurance plan and its terms and conditions. Many a times, it is also referred to as policy ter...
by Mayank
19 Oct 2018, 10:59
Forum: Daily Dose
Topic: Embedded Value
Replies: 0
Views: 246

Embedded Value

Definition:  Embedded value is the sum of the net asset value and present value of future profits of a life insurance company. Description:  This measure considers future profits from existing business only, and ignores the possibility of introduction of new policies and hence profits from those ar...
by Mayank
17 Oct 2018, 20:28
Forum: Daily Dose
Topic: What is a deductible in Health Insurance?
Replies: 0
Views: 320

What is a deductible in Health Insurance?

It is the amount of money customers will have to pay in an insurance claim before the insurance coverage starts paying. “Deductibles vary for different conditions, illnesses, and medical procedures. Though high deductible health plans have the advantage of smaller premiums, customers may end up payi...
by Mayank
17 Oct 2018, 09:29
Forum: Actuarial Jobs
Topic: What you should focus on?
Replies: 0
Views: 233

What you should focus on?

We have written a detailed article for you to follow. What you should do, how you should do and when you should do. It is focused on job and it is true. In real world it majes a whole lot sense and have been tested and tried. Do read. http://theactuarialclub.com/2018/10/16/misses-actuarial-student-a...
by Mayank
15 Oct 2018, 08:51
Forum: Actuarial Discussions
Topic: Charted Actuary: The big debate
Replies: 1
Views: 478

Re: Charted Actuary: The big debate

They have been thinking it from a long time and I really like this idea!

Sent from my LLD-AL10 using Actuarial Info mobile app

by Mayank
15 Oct 2018, 08:49
Forum: Actuarial Discussions
Topic: Paper presentation
Replies: 2
Views: 269

Re: Paper presentation

I've been asked to do a paper presentation regarding any topic in actuarial science. Can you suggest some interesting topics and share your presentations if you have any? Sent from my Redmi Y1 using Actuarial Info mobile app Pick up Telematics, It beats everything. Sent from my LLD-AL10 using Actua...
by Mayank
06 Oct 2018, 12:41
Forum: Employee Benefits
Topic: Mortality Assumption
Replies: 0
Views: 887

Mortality Assumption

One of the assumption that is considered but not asked from clients. Mortality (Actuarial tables used) The assumption is completely Actuarial based and in India, the one which is used is IALM (2006-2008). For other than India, you can use Permanent Assurance AMC00 /AFC00 Permanent Assurance AM92 /AF...
by Mayank
04 Oct 2018, 21:03
Forum: Daily Dose
Topic: Claims closed
Replies: 0
Views: 844

Claims closed

Non-life insurance companies classify claims closed as those claims that are unpaid for want of more documents from the insured person or where the policyholder hasn’t pursued the claim further. Insurers consider this different from claims rejected because claims are rejected after examining the cas...

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