3/(2) Suppose you have purchased an insurance policy from Shedharan Birla Corporation worth of TK. 200,000 to protect your commercial space at
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This is a mathematical problem from insurance course.please answer only 3(a)

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3/(2) Suppose you have purchased an insurance policy from Shedharan Birla Corporation worth of TK.
200,000 to protect your commercial space at Basundhra Shopping Complex from the risk of fire.
Suppose from a fire caused by electric short circuit SGo of the shop which has a market value of Th.
2,000,000 has been destroyed. What will be the amount of payment under pro-rata condition of average
and special condition of average?
(b) Briefly explain different types of bonus with its implications in life assurance business.
"( What perils are covered under specisi perils' insurance? Differentiate between open cover and

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In the insurance industry pro-rata means that... View the full answer

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