A general insurance company has experience data of a TLO insurance product (Total

Loss Only), as follows:

Total Exposure: 315,271

Total Insured: 468,214

Number of Claims Occurrence: 3,279

Amount of Claim Paid: Rp. 737,775,000,000. -

Total TSI: Rp. 145,434,057,503,000.

Premium Structure:

Expected Loss: 40%

Expense: 27.5%

Komisi: 15%

Expected Profit: 17.5%

Using the experience above, how much Gross Premium should be paid,

if there is a risk with a new Sum Insured of Rp. 590 million?