Calculate the Net Single Premium (NSP) for 5 years endowment policy of $5,000 at the age of 41 from the following information:
Age ----------- No. of insured person ----------- No.of death person ------------ PV OF $1@3%
41 -------- 9480 --------- 25 --------- 0.971
42 -------- 9450 --------- 26 --------- 0.943
43 -------- 9429 --------- 28 --------- 0.915
44 -------- 9401 --------- 30 --------- 0.888
45 -------- 9371 --------- 31 --------- 0.863
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
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