An Analysis of Determination for Life Insurance Premiums: The Concept and Practice of Conventional and Islamic Life Insurance (Family Takaful)
This paper aims to analyze the distinction of premium setting rates by taking into account the risk taken by conventional and Family Takaful. This study employed the Net Single and Annual Level Premium formula, and the data were analyzed using a numerical simulation. We found that the conventional a...
| Main Authors: | , , , |
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| Format: | application/pdf |
| Language: | eng |
| Published: |
Malaysian Journal of Applied Sciences
2016
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| Online Access: | https://journal.unisza.edu.my/myjas/index.php/myjas/article/view/14/24 |