SQQM2073 A211: CH5 Net Premium WEEK 10 (26 Dec 2021) by iDLan https://padlet.com/dayyanidlan/ndue0k7chjz2ld57 STUDENT ID is required for any post & comment. Participation is compulsory as evidence of your attendance. en-us 2021-12-25 23:13:19 UTC 2025-11-15 08:06:51 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/366212997/2ce7c3c94c860975c60849a6084edbea/Screenshot_2021_03_13_at_11_08_29_PM.png Chee Tung Hua 271956 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1963932162 Today, I have learnt about part 1/2 Chapter 5 (Net Annual Premium). From this chapter, it is related to previous chapter where the money pay to policyholder for life insurance and the money that insured pay to the company is gross premium. Gross premium are determined based of the current age and it is also equal to summation of net premium (Total PV of the policy benefits under the following assumptions) and loading (the policy expenses and contingencies). Net premium also separate into continuous and discrete. Annual premium for an ordinary life policy issued at age x where it is insurance over annuity due; Net level annual premium for a limited payment life policy with a premium payment period of n years where it is insurance over temporary annuity due for n years.]]> 2021-12-26 02:09:58 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1963932162 Liew Guan Yu 271021 guanyuliew1 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1963954052 Today, I had learnt about Chapter 5 part 1/2(Net Annual Premium). We learnt new formula which is net annual premium  L(兀). From the formula  L(兀), if the answer is positive means that company is loss while answer is negative when loss occurred. Besides, we learnt Px defined as the annual premium for an ordinary life policy issued at age x.]]> 2021-12-26 03:15:57 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1963954052 NUR FATIHAH 272877 nnrfatihahs29 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1963959160 I learnt abt net annual premium. 
In net annual premium, the payments are referred to as the gross premium. 

Formula for: gross premium = net premium + loading 
loading is the policy expenses and contingencies.

like the previous chapter, there are 3 methods: whole life, endowment and term insurance to do the calculation]]> 2021-12-26 03:29:55 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1963959160 Safalas Taufik 258173 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1963970827 Today, I have a learn about net annual premium in chapter 5 part 1/2. In this video I got a fee paid to an insurance provider in exchange for a one-year insurance policy that guarantees payment of benefits for certain covered events. Some insurers require annual premium payments, but others offer several payment options from which policyholders can choose.]]> 2021-12-26 04:04:34 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1963970827 Nurshuhaida Binti Zamzuri (272812) shuhaidaaida81 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1963973983 In the video today I have learn about NAP (net annual premium). there are 2 types of NAP, continuous and discrete. if the amount of E(π) is negative then the company get profit if positive the company face loss.

]]> 2021-12-26 04:14:52 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1963973983 Yaamini Kavirajan 272372 yaaminikavirajan97 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1963987631 Reflection Week 10 (26 December 2021):
What have you learned today?
From today’s class video Chapter 5: Net Annual Premium Part (1/2), I have learnt that Net Premiums denoted as (which referring to the benefits in the policy will be paid at the end of policy years and the death among insured persons will occur at the rates specified in the mortality table.  Besides, there are also 2 types premiums in continuous and discrete case. I have also got to know about  which is the annual premium for an ordinary life policy issued at age x and refer to the net level annual premium for a limited payment life policy with a premium payment period of n years.
]]> 2021-12-26 04:57:47 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1963987631 DEEVASHINI SHANMUGAM 272396 dvashini27 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964048061 From the video, I learnt about the Net Annual Premium which that in the policy that insured, the insurance company need to pay benefit to policy holder while policy holder need to pay premium to the insurance company. The payment from policy holder to insurance company called as gross premium. Gross premium can get from the sum of net premium and loading which means the policy expenses and contingencies. Net annual premium is divided into 2 aspects which are fully continuous and discrete. ]]> 2021-12-26 08:07:37 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964048061 WAN AFIQAH RUZANA BINTI WAN SUKRI 273088 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964078358 From the video, I have learned about Net Annual Premium (NAP) that the insured or policyholder need to make payments to company called gross premiums while the company agrees to pay stipulated sum of money in return based on certain events.]]> 2021-12-26 09:21:34 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964078358 NURUL NUR DIANA BINTI MOHD NOOR. 272604 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964105477 From Chapter 5 (part 1/2) video, i have learnt about the Net Annual Premium which is the policy holders pay back to the insurance company as return of benefits. I have learnt about the NAP for continuous and discrete case. The premium for discrete case will be paid at the end of the year of death.]]> 2021-12-26 10:21:51 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964105477 Ong Xue Ying 279519 oxyyying https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964108841 I have learned about net annual premium from this video. The payments from policy holder to insurance company is called gross premiums. Gross premium= Net premium+ Loading. Net premium divided into continuous and discrete. If expected value for net annual premium is negative, company gains profit. Meanwhile, if expected value for net annual premium is positive, company loss.]]> 2021-12-26 10:28:50 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964108841 NUR NASUHA 272538 nanasuha96 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964253934 From the video,I learnt about the NAP or net annual premium which were distinguish in two types which is the discrete and continuous.Nap  or the net annual premium is a policy that insured by the policy holder to the company or policy holder will issued certain payment or charges to pay which is called gross premium that the company will give or pay the money in return based on certain conditions or event fulfil by the policyholder.

]]> 2021-12-26 13:43:14 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964253934 LIM SHEN YONG 278760 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964259278 From this video, I have learn a new chapter about net annual premium. Net annual premium is the policy that it pay higher at the beginning and lower toward the end as compare to term policy]]> 2021-12-26 13:48:16 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964259278 NURUL ZURIN ASIKIN BINTI MALEKI 272744 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964340151 From the video, I learned the net annual premium. It is about insured, or policyholder, agrees to make certain payments to the company. These payments are usually referred to as gross premiums. There are 2 type net annual premium which is continuous and discrete. For discrete case, the premium will be paid at the end of year death

]]> 2021-12-26 14:59:46 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964340151 Nurin Syaida 272872 AdiAys https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964359426 from the video, i have learn about net annual premium divided into continuous and discrete. for discrete the calculation have to refer from ILT. ]]> 2021-12-26 15:16:32 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964359426 Chong Yu Ting 270873 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964393945 In this chapter Net Annual Premium, I learnt about gross premiums. Gross premiums are the certain payments made by the policyholder to the company and are determined by the current age. The formula of gross premium is equal to net premium plus loading. Loading is the expense and contingencies that the insurance company has to bear. I also learnt about the loss function. If the expected value for premium is negative, the company is gaining profit. If the expected value for premium is positive, the company is experiencing loss. Loss function is equal to present value of amount payable minus present value of amount collected. Lastly, I also learnt about the commutation function of annual premium for an ordinary life policy and the net level annual premium for a limited payment life policy.]]> 2021-12-26 15:48:20 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964393945 Kaushalya a/p Sundara Nathan kaushalyanathan1398 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964396188 The video taught me about the NAP, or net annual premium, which is classified into two types: discrete and continuous.

The net annual premium, or nap, is a policy that is insured by the policyholder to the company or policyholder will issue certain payment or charges to pay which is called gross premium that the company will give or pay the money in return based on certain conditions or events fulfilled by the policyholder.
]]> 2021-12-26 15:50:29 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964396188 Chuah Soon Kai 279143 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964412866 From the video i have understand that about Net Annual Premium is a policy insured by policy holder to the company or policy holder and NAP have two types which is continuous and discrete. Furthermore,  gross premium is the total premium of an insurance contract before brokerage or discounts have been deducted.]]> 2021-12-26 16:06:21 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964412866 KEERTHENAA A/P BALAKRISHNAN 272613 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964425322 In today's class video, Chapter 5: Net Annual Premium, I learned that net premiums designated as "benefits" will be paid at the end of policy years and that deaths among covered individuals will occur at the rates given in the mortality table from today's class video.
In addition, there are two sorts of premiums: continuous and discrete. I also learned that the annual premium for ordinary life insurance issued at age x and the net level annual premium for a restricted payment life policy with a premium payment period of n years are the same.
]]> 2021-12-26 16:19:05 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964425322 SHAO MING HAO 277323 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964432139 Today, I learnt about the Net Annual Premium that in the policy the insured, or policyholder, agrees to make certain payments to the company. These payments are usually referred to as gross premiums. In consideration of the premiums paid to the company by insured, the company in turn agrees to pay a stipulated sum of money, called the face amount of insurance, if certain events occur. The Net Annual Premium has been classified into two type which is discrete and continuous.]]> 2021-12-26 16:26:08 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964432139 KANCHANA MAHENDRAN (272897) https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964443271 I have learnt about Net Annual Premium in today’s video. The net annual premium is the policy that it pay higher at the beginning and lower toward the end as compare to term policy. Net Annual Premium is also classified into 2 type which is discrete and continuous. I also learn about the loss function. For example, if the expected value for premium is negative then the company is gaining profit or else vice-versa. Then , I also learnt about the commutation function of annual premium for an ordinary life policy and the net annual premium for a limited payment life policy. 

]]> 2021-12-26 16:38:34 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964443271 Iman Luisa Yap 270638 yapjoey1411 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964479652 From today's video, I learned about net annual premium. The net premiums are the total present value of the policy benefits. Gross premium is the premium that policyholders pay to the insurance company. Gross premium is the sum of net premium and loading. Loading is the policy expenses and contingencies.]]> 2021-12-26 17:22:56 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964479652 Nur Shafikah binti Abdullah 273296 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964735875 In the video, i have learn about net annual premium. The payments in the net annual premium are referred to as the gross premium. The gross premium = Net premium + loadings. Where the loadings is the policy expenses and contingencies.]]> 2021-12-27 00:14:03 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1964735875 Azri 274066 https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1966685964 I learned the net annual premium from the video. It is about the insured, or insured, agreeing to pay the company specific amounts. Gross premiums are the term used to describe these payments. There are two kinds of net yearly premiums: continuous and discrete. The premium will be paid at the end of the year for separate cases.]]> 2021-12-28 15:03:29 UTC https://padlet.com/dayyanidlan/ndue0k7chjz2ld57/wish/1966685964