Mortality of Indian Assured Lives

1929 ◽  
Vol 60 (2) ◽  
pp. 180-223 ◽  
Author(s):  
L. S. Vaidyanathan
Keyword(s):  
New York ◽  
Life Insurance ◽  
Great Increase ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Life Assurance ◽  
Points Of Interest ◽  
The Subject ◽  
Made In ◽  
Government Security

It is not without some feeling of diffidence that a Paper on the results of an Investigation into the Mortality of Lives Assured with the Oriental Government Security Life Assurance Co., Ltd., conducted jointly by the Actuary, Mr. Douglas Forrest, F.F.A., and the author is submitted. The Journal is more or less barren of Papers relating to the Mortality of Native Indian Assured Lives, though the subject of Indian mortality has often been considered by members of this Institute. Reference might be made in this connection to the investigations of Messrs. S. C. Thomson (T.F.A., vol. i) and A. T. Winter (J.I.A., vol. xliii) on the subject of the Mortality of Indian Assured Lives, but these being based on scanty data, the results must always be accepted with caution. Mr. Arthur Hunter's contribution (J.I.A., vol. lvii) relating to the experience of the Lives Assured with the New York Life Insurance Company from 1885–1921, touches on several points of interest and sounds a strong note of pessimism as follows : “The Mortality among natives of India insured by “our Company has not improved in the later over the earlier “years of observation” and “it is difficult to conceive that the “great increase in knowledge and the improvements in “sanitation have not affected the health of the middle and the “upper classes of India in the same way as they have affected “other (tropical) countries (such as Cuba, Brazil, Chile and “Porto Rico), although possibly not to the same extent.”

Mortality in India among Insured Lives

1926 ◽  
Vol 57 (2) ◽  
pp. 235-250
Keyword(s):  
New York ◽  
Life Insurance ◽  
Great Majority ◽  
Early Years ◽  
Insurance Company ◽  
Life Insurance Company ◽  
World War ◽  
Life Assurance ◽  
The World ◽  
Made In

In the year 1885 the New York Life Insurance Company commenced to do business in India and continued actively there until the outbreak of the World War. A reinsurance arrangement was made in 1922 with the Sun Life Assurance Company of Canada. Before disposing of the statistical records mortality investigations have been made, the results of which are now published in the hope that they may be of value to actuaries.In the early years a goodly proportion of our policies were issued to British residents of India, but this condition gradually changed so that since 1900 the great majority of policies were granted on natives of India. The change was partly due to the British companies granting the former more liberal treatment than we did. In determining the rates of premium our Company did not distinguish between natives of India and others. Until the end of the year 1913 the Company charged the tropical scale of premium and then changed to the semi-tropical rates, with a restriction, however, to 10, 15 and 20-Year Endowment Insurances maturing not later than age 65.

Eksistensi Fatwa No.21/DSN-MUI/X/2001 Pada Asuransi Jiwa Syariah di PT. Prudential Life Assurance Cabang Ponorogo

2021 ◽  
Vol 1 (1) ◽  
pp. 61-73
Author(s):  
Linda Pertiwi ◽  
Atik Abidah
Keyword(s):  
Data Collection ◽  
Qualitative Methods ◽  
Life Insurance ◽  
Field Research ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Life Assurance ◽  
Deductive Method ◽  
Investment System ◽  
Islamic Insurance

This article aims to review the implementation of Fatwa No. 21 / DSN-MUI / X / 2001 concerning General Guidelines for Sharia Insurance in Insurance Institutions. Sharia life insurance is a type of life insurance whose application is based on the provisions of Islam. PT. Prudential Life Assurance is a sharia life insurance company. In carrying out its activities to develop customer funds, PT. Prudential Life Assurance invests. In practice, the investment and insurance percentage determination is carried out unilaterally by the agent. Determining the percentage of this investment will affect customers' cash value claims that do not match the illustration. More specifically, in this connection, the author will analyze two aspects. First, the analysis of Fatwa No.21 / DSN-MUI / X / 2001 regarding the General Guidelines for Islamic Insurance on the implementation of the investment system at PT. Prudential Life Assurance Ponorogo Branch? Second, the analysis of Fatwa No.21 / DSN-MUI / X / 2001 regarding the General Guidelines for Islamic Insurance on the payment of cash value claims for customers at PT. Prudential Life Assurance Ponorogo Branch? The author's type of research is field research using qualitative methods, while the data collection techniques used are interviews and documentation. The analysis used uses the deductive method, namely a discussion that begins with presenting arguments, theories or provisions that are general and then put forward a specific fact. From this research, it can be concluded that the implementation of the investment system at PT. Prudential Life Assurance at the Ponorogo branch is only limited to administration. Where the agent determines the percentage of insurance and investment unilaterally to get a hefty fee, this is not following the DSN fatwa No.21 / DSN-MUI / X / 2001, which reads "investment must be made under sharia." Meanwhile, regarding the payment of cash value claims from customers that do not match the illustration, it follows the DSN fatwa No.21 / DSN-MUI / X / 2001, which reads "different claims in the amount according to the premium paid."Artikel ini bertujuan untuk mengkaji implementasi Fatwa No. 21/DSN-MUI/X/2001 tentang Pedoman Umum Asuransi Syariah Pada Lembaga Perasuransian. Asuransi jiwa syariah adalah jenis asuransi jiwa yang penerapannya berdasarkan ketentuan Islam. PT. Prudential Life Assurance adalah perusahaan asuransi jiwa syariah. Dalam menjalankan kegiatannya untuk mengembangkan dana nasabah, PT. Prudential Life Assurance berinvestasi. Dalam praktiknya, penentuan persentase investasi dan asuransi dilakukan secara sepihak oleh agen. Penetapan persentase investasi ini akan mempengaruhi klaim nilai tunai nasabah yang tidak sesuai dengan ilustrasi. Lebih khusus lagi, dalam hubungan ini, penulis akan menganalisis dua aspek. Pertama, analisis Fatwa No.21/DSN-MUI/X/2001 tentang Pedoman Umum Asuransi Syariah Tentang Penerapan Sistem Investasi Pada PT. Prudential Life Assurance Cabang Ponorogo? Kedua, Analisis Fatwa No.21/DSN-MUI/X/2001 tentang Pedoman Umum Asuransi Syariah Tentang Pembayaran Klaim Nilai Tunai Bagi Nasabah Pada PT. Prudential Life Assurance Cabang Ponorogo? Jenis penelitian penulis adalah penelitian lapangan dengan menggunakan metode kualitatif, sedangkan teknik pengumpulan data yang digunakan adalah wawancara dan dokumentasi. Analisis yang digunakan menggunakan metode deduktif, yaitu pembahasan yang diawali dengan mengemukakan argumentasi, teori atau ketentuan yang bersifat umum kemudian dikemukakan suatu fakta yang spesifik. Dari penelitian ini dapat disimpulkan bahwa penerapan sistem investasi pada PT. Prudential Life Assurance di cabang Ponorogo hanya sebatas administrasi. Dimana agen menentukan persentase asuransi dan investasi secara sepihak untuk mendapatkan fee yang besar, hal ini tidak sesuai dengan fatwa DSN No.21/DSN-MUI/X/2001 yang berbunyi “investasi harus dilakukan secara syariah”. Sedangkan mengenai pembayaran klaim nilai tunai dari nasabah yang tidak sesuai dengan ilustrasi, mengikuti fatwa DSN No.21/DSN-MUI/X/2001 yang berbunyi “beda klaim besarnya sesuai dengan premi yang dibayarkan”.

Blood pressure among standard lives

1939 ◽  
Vol 70 (1) ◽  
pp. 60-64 ◽  
Author(s):  
Arthur Hunter
Keyword(s):  
Blood Pressure ◽  
New York ◽  
Life Insurance ◽  
Insurance Company ◽  
Life Insurance Company ◽  
New Policies

There are so many phases of the problem of blood pressure that I shall limit myself to dealing with a recent investigation of the mortality on lives accepted as “standard risks” by the New York Life Insurance Company.The experience investigated was that of new policies issued from 1925 to 1936, inclusive, observed from entry until the anniversaries of the policies in 1937. The investigation was by policies and was divided into two groups, (a) those in which there was no impairment, and (b) those in which there appeared minor impairments but not of sufficient moment to place the policyholders in a substandard group. The expected deaths were obtained according to the company's standard experience for the same years of issue and exposure. The total number of policies emerging by death was 9552.

scholarly journals Most Efficient Fluctuation Reserves

1974 ◽  
Vol 8 (1) ◽  
pp. 66-76
Author(s):  
D. G. Halmstad
Keyword(s):  
New York ◽  
Life Insurance ◽  
Income Tax ◽  
Absolute Amount ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Stock Company ◽  
Similar Nature ◽  
Minimum Capital ◽  
Group Life

In 1935 the New York Insurance Department introduced the concept of special contingency funds for certain types of insurance. Such requirements had first been introduced in 1925 for mutual workmen's compensation companies. Clear, consistent principles for these funds were not stated at the time, but their purpose seems to be to provide a cushion that may be used in time of serious financial difficulty.In group life insurance, this fund is a “special contingency reserve” and is carried at the suggestion of the New York Department). For mutual casualty, nonprofit hospitalization and medical indemnity plans, and for reciprocal insurers, the fund is treated as “special contingent surplus”, and is a mandated substitute for the minimum capital required of stock insurers). The U.S. federal Life Insurance Company Income Tax Act of 1959 recognizes special credits of a similar nature for health, non-participating life and group life and health insurance coverages.In all of these cases, the accumulations or credits are defined by a designated percentage of premiums). For the New York Department group life reserve and the Income Tax health and group life credit, a maximum is defined by a second percentage of the same annual premiums base. For the nonprofit plans' surplus, a similar maximum in terms of premium is used. However, in the case of mutual casualty companies, and of reciprocal insurers, the “special contingency surplus” must be built up to a defined absolute amount equal to the amount that would be required as capital of a stock company; there are no statutory provisions for withdrawing any part of such a fund once it is accumulated.

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