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One line of business has incurred losses and loss adjustment expenses amounting to Rs. 4 lakh and earned premium of Rs. 6 lakh. Expected loss ratio is 55%. Calculate the rate of change in the existing premium.

Mr. Atul is the MD of Star Investments Ltd. His contribution to the company’s profit is estimated at 40% of the total profit. The shareholders of the company believe that they will get a return of 4% if there is no management. They can place their money in bank deposits at 4% pa., if there is no management. It is also estimated that 5 years term is required to find a comparable replacement for Mr. Atul. Pretax profit and networth for the last 5 years is Rs. 60,00,000 and 2,85,00,000 respectively . Calculate key man value of Mr Atul.

Anirudh Singh has a savings policy. The following are the details of the policy: Policy term 20 years Date of commencement of policy 4 June 2001 Sum insured Rs. 5,00,000 Premium payment mode Annually Last premium paid 4 June 2008 Number of premiums paid 8 Total number of premiums due 20 Vested bonus Rs. 50,000 As seen from the data above, Anirudh Singh stopped premium payment after the Eighth year. The policy will not be fully cancelled. Instead the sum insured will be reduced in proportion to the premiums paid. What is the paid up value.