Q. 4) An endowment assurance plan pays INR 75,000 at the end of the year of death during the term of 15 years or INR 50,000 on survival to the end of the term. Premiums are paid annually in advance throughout the policy term or on earlier death. Calculate the retrospective net premium reserve for this contract, issued to a man aged 45 at entry, immediately before the sixth premium payment is due. Basis: AM92 Ultimate mortality, and 4% pa interest. Q. 4) An endowment assurance plan pays INR 75,000 at the end of the year of death during the term of 15 years or INR 50,000 on survival to the end of the term. Premiums are paid annually in advance throughout the policy term or on earlier death. Calculate the retrospective net premium reserve for this contract, issued to a man aged 45 at entry, immediately before the sixth premium payment is due. Basis: AM92 Ultimate mortality, and 4% pa interest