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If an insurance company is charging 2 taka per passenger per travel in Dhaka city bus and in a year it issued 200 million travels
If an insurance company is charging 2 taka per passenger per travel in Dhaka city bus and in a year it issued 200 million travels altogether. 250 passengers died and 660 passengers injured. If the dead passengers families got 0.5 million taka and injured passengers got 50000 taka each then how much profit or loss the insurance firm incurred? The underwriting cost is 2 million and interest on premiums earned 6% annually for six months.
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