Insurance WAEC

Which of the following factors is not considered when calculating premium in life assurance policy?

A. expense
B. mortality
C. interest
D. losses

Correct Answer: Option A

A. expense

Explanation

There are several factors used to determine your life insurance premiums, including the following:

Age. Age is probably the single primary factor that determines your life insurance premiums. …
Gender.
Physical condition.
Smoking.
Your medical history.
Your family’s medical history.
Occupation.

Sunday

Share
Published by
Sunday
Tags: Insurance

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

3 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

3 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

3 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

3 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

3 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

3 months ago