Reply To: Interview Question for CT5 – 4
Rishabh Surana
Mayank wrote:
How many years of Mortality experience data do you think should exist?
Many insurance companies lack past experience in India , therefore while charging premium they tend to use IALM table , LIC table ,etc. and also conduct underwriting of the policy holder so that appropriate loading is being applied if he is prone to more risk .
According to me if past experience is considered , then it should not be more than 20 years . Since , there have been immense change in the standard of living of people , occupation , diseases , etc.