Each basic plan and most riders hav

Each basic plan and most riders have a face amount which is stated in RM and used to compute the annual premium. After computing the premium rate, the annual premium is computed by multiplying the face amount with the premium rate and dividing by 1000. This is because the premium rate is by custom always stated as a rate per 1000 of sum insured.

For term plans and riders, the face amount is the sum insured which is what the beneficiary will get if the insured dies. For other riders like compound reversionary bonus and cash dividend riders there is usually a rule of thumb formula provided by the actuary that will allow the agent to compute the face amount that will result in a desired benefit amount. For such riders, this face amount is only a notional amount and is not the amount payable on death and/or maturity.

ผลลัพธ์ (อังกฤษ) 2:

Each basic plan and most riders have a face amount which is stated in RM and used to compute the annual premium. After computing The premium rate, The Annual premium is computed by The Face amount with The premium rate Multiplying and Dividing by 1000. This is Because The premium rate is a rate As stated by Custom Always Per the 1,000th of sum Insured. For term plans and Riders. , the face amount is the sum insured which is what the beneficiary will get if the insured dies. For other riders like compound reversionary bonus and cash dividend riders there is usually a rule of thumb formula provided by the actuary that will allow the agent to compute the face amount that will result in a desired benefit amount. For such riders, this face amount is only a notional amount and is not the amount payable on death and / or maturity.