ASURANSI JIWA ENDOWMENT DENGAN PENGEMBALIAN PREMI MENGGUNAKAN SIMULASI MONTE CARLO
Premium refunds are a sum of the money returned to the insured. The purpose of this study was to compare the premium of endowment life insurance with premium refund on constant interest rates numerical calculations and using Monte Carlo simulations. Gompertz distribution was used to obtain the morta...
Main Authors: | , , |
---|---|
Format: | Article |
Language: | English |
Published: |
Universitas Udayana
2019-05-01
|
Series: | E-Jurnal Matematika |
Online Access: | https://ojs.unud.ac.id/index.php/mtk/article/view/49760 |
_version_ | 1811234721898692608 |
---|---|
author | MADE EDI HENDRAWAN I NYOMAN WIDANA KETUT JAYANEGARA |
author_facet | MADE EDI HENDRAWAN I NYOMAN WIDANA KETUT JAYANEGARA |
author_sort | MADE EDI HENDRAWAN |
collection | DOAJ |
description | Premium refunds are a sum of the money returned to the insured. The purpose of this study was to compare the premium of endowment life insurance with premium refund on constant interest rates numerical calculations and using Monte Carlo simulations. Gompertz distribution was used to obtain the mortality rates. The results showed that the premiums generated by Monte Carlo simulations for insurance participants issued under 45 years will be more expensive than the ones which were generated by numerical calculations. However, the premiums generated by Monte Carlo simulations for insurance participants issued above 45 years will be cheaper than the ones which were generated by numerical calculations. |
first_indexed | 2024-04-12T11:40:29Z |
format | Article |
id | doaj.art-1b02f3a649344d93b6ad90b21424ae4e |
institution | Directory Open Access Journal |
issn | 2303-1751 |
language | English |
last_indexed | 2024-04-12T11:40:29Z |
publishDate | 2019-05-01 |
publisher | Universitas Udayana |
record_format | Article |
series | E-Jurnal Matematika |
spelling | doaj.art-1b02f3a649344d93b6ad90b21424ae4e2022-12-22T03:34:38ZengUniversitas UdayanaE-Jurnal Matematika2303-17512019-05-01829510110.24843/MTK.2019.v08.i02.p24049760ASURANSI JIWA ENDOWMENT DENGAN PENGEMBALIAN PREMI MENGGUNAKAN SIMULASI MONTE CARLOMADE EDI HENDRAWAN0I NYOMAN WIDANA1KETUT JAYANEGARA2Udayana UniversityUdayana UniversityUdayana UniversityPremium refunds are a sum of the money returned to the insured. The purpose of this study was to compare the premium of endowment life insurance with premium refund on constant interest rates numerical calculations and using Monte Carlo simulations. Gompertz distribution was used to obtain the mortality rates. The results showed that the premiums generated by Monte Carlo simulations for insurance participants issued under 45 years will be more expensive than the ones which were generated by numerical calculations. However, the premiums generated by Monte Carlo simulations for insurance participants issued above 45 years will be cheaper than the ones which were generated by numerical calculations.https://ojs.unud.ac.id/index.php/mtk/article/view/49760 |
spellingShingle | MADE EDI HENDRAWAN I NYOMAN WIDANA KETUT JAYANEGARA ASURANSI JIWA ENDOWMENT DENGAN PENGEMBALIAN PREMI MENGGUNAKAN SIMULASI MONTE CARLO E-Jurnal Matematika |
title | ASURANSI JIWA ENDOWMENT DENGAN PENGEMBALIAN PREMI MENGGUNAKAN SIMULASI MONTE CARLO |
title_full | ASURANSI JIWA ENDOWMENT DENGAN PENGEMBALIAN PREMI MENGGUNAKAN SIMULASI MONTE CARLO |
title_fullStr | ASURANSI JIWA ENDOWMENT DENGAN PENGEMBALIAN PREMI MENGGUNAKAN SIMULASI MONTE CARLO |
title_full_unstemmed | ASURANSI JIWA ENDOWMENT DENGAN PENGEMBALIAN PREMI MENGGUNAKAN SIMULASI MONTE CARLO |
title_short | ASURANSI JIWA ENDOWMENT DENGAN PENGEMBALIAN PREMI MENGGUNAKAN SIMULASI MONTE CARLO |
title_sort | asuransi jiwa endowment dengan pengembalian premi menggunakan simulasi monte carlo |
url | https://ojs.unud.ac.id/index.php/mtk/article/view/49760 |
work_keys_str_mv | AT madeedihendrawan asuransijiwaendowmentdenganpengembalianpremimenggunakansimulasimontecarlo AT inyomanwidana asuransijiwaendowmentdenganpengembalianpremimenggunakansimulasimontecarlo AT ketutjayanegara asuransijiwaendowmentdenganpengembalianpremimenggunakansimulasimontecarlo |