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III Question 1 Not yet answered Marked out of 2 Flag question Dhofar insurance company sells life insurance policies for 3 years for 26 year

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III Question 1 Not yet answered Marked out of 2 Flag question Dhofar insurance company sells life insurance policies for 3 years for 26 year old man The amount payable if the death occurs is OMR 85000. The company' actuary has calculated that the probability of death for 26-year old man over the next 4 years as the table below. Calculate the Net Single Premium for Term Insurance if the required return on insurance company is 10% Age Number of living Number of Death Death Rate Survivors Rate 26 500000 5800 27 5900 6150 28 29 7300

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