{"id":32156,"date":"2024-04-15T08:56:59","date_gmt":"2024-04-15T08:56:59","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=32156"},"modified":"2024-04-15T08:56:59","modified_gmt":"2024-04-15T08:56:59","slug":"which-actuarial-aspects-are-taken-into-account-while-fixing-the-premium-i-mortality-ii-interest-assumption-iii-office-expenses","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-actuarial-aspects-are-taken-into-account-while-fixing-the-premium-i-mortality-ii-interest-assumption-iii-office-expenses\/","title":{"rendered":"Which actuarial aspect(s) are taken into account while fixing the premium? I. Mortality II. Interest assumption III. Office expenses"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Only I&#8221; option2=&#8221;Only I and II&#8221; option3=&#8221;Only I, II and III&#8221; option4=&#8221;Only II and III&#8221; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is C. Only I, II and III.<\/p>\n<p>Mortality is the probability of death of an individual at a given age. Interest assumption is the rate of return that the insurance company expects to earn on its investments. Office expenses are the costs incurred by the insurance company in running its business. All of these factors are taken into account when fixing the premium for an insurance policy.<\/p>\n<p>Option A is incorrect because it only includes mortality. Option B is incorrect because it only includes mortality and interest assumption. Option D is incorrect because it only includes interest assumption and office expenses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Only I&#8221; option2=&#8221;Only I and II&#8221; option3=&#8221;Only I, II and III&#8221; option4=&#8221;Only II and III&#8221; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[],"class_list":["post-32156","post","type-post","status-publish","format-standard","hentry","category-insurance","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which actuarial aspect(s) are taken into account while fixing the premium? I. Mortality II. Interest assumption III. Office expenses<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-actuarial-aspects-are-taken-into-account-while-fixing-the-premium-i-mortality-ii-interest-assumption-iii-office-expenses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which actuarial aspect(s) are taken into account while fixing the premium? I. Mortality II. Interest assumption III. Office expenses\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Only I&#8221; option2=&#8221;Only I and II&#8221; option3=&#8221;Only I, II and III&#8221; option4=&#8221;Only II and III&#8221; correct=&#8221;option3&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/which-actuarial-aspects-are-taken-into-account-while-fixing-the-premium-i-mortality-ii-interest-assumption-iii-office-expenses\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T08:56:59+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Which actuarial aspect(s) are taken into account while fixing the premium? I. Mortality II. Interest assumption III. Office expenses","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/which-actuarial-aspects-are-taken-into-account-while-fixing-the-premium-i-mortality-ii-interest-assumption-iii-office-expenses\/","og_locale":"en_US","og_type":"article","og_title":"Which actuarial aspect(s) are taken into account while fixing the premium? I. Mortality II. Interest assumption III. 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