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Question text From the following information calculate the life fund at the year end 2020 Particulars Amount OMR) Life fund 1.1.2020 1.232.500 Premium received 1.325,000

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Question text From the following information calculate the life fund at the year end 2020 Particulars Amount OMR) Life fund 1.1.2020 1.232.500 Premium received 1.325,000 Claims paid 1.470,000 Consideration for annuities granted $15,000 Reinsurance premium 390,000 Reinsurance claim received 210.000 Annuity paid 160.000 Interest, dividend and rent paid 26,500 Commission paid 33.500 Surrenders 106,000 Advertisement 10.500 Directors fees 40,000 Bonus in cash 55.000 Registration fees received 8.000 Life fund on 31.12.2020 None of these OMA 5.289.000 OMR 4299.000 OMA 4264 000

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