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Question 4 (10 marks) Mr. Esam proposed for a life insurance for SA of RO 1,000,000 with DAB for monthly mode. Proposal was accepted by

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Question 4 (10 marks) Mr. Esam proposed for a life insurance for SA of RO 1,000,000 with DAB for monthly mode. Proposal was accepted by the insurer with health extra of RO 2.75 per thousand SA and DAB for RO 1 per thousand SA. The insurance company charge 5% extra for monthly mode and offer a rebate of RO 2 per thousand for SA 100,000 and above. Tabular premium is RO 48.20 per 1000 SA. Instructions: a. Find monthly premium, rounded off to the nearest RO. (5 marks) Question 4 (10 marks) Mr. Esam proposed for a life insurance for SA of RO 1,000,000 with DAB for monthly mode. Proposal was accepted by the insurer with health extra of RO 2.75 per thousand SA and DAB for RO 1 per thousand SA. The insurance company charge 5% extra for monthly mode and offer a rebate of RO 2 per thousand for SA 100,000 and above. Tabular premium is RO 48.20 per 1000 SA. Instructions: a. Find monthly premium, rounded off to the nearest RO

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