Browsing by Author "Timbil, Roland Naab"

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    Optimal Provision of Life Assurance Policy Loans: SIC Life Company Limited as a Case Study
    (October, 2016) Timbil, Roland Naab
    The purpose of the research was to explicitly analyze the provision of Life Assur- ance policy loans using SIC Life Company Limited as a case study. The Poison distribution being one of the exponential families as well as the deviance of model tting was employed in analyzing the data. Microsoft excel programs especially the use of the development year concept, bar chart and curves were used in an- alyzing the data. It was revealed that policies with loans outstanding are more surrendered than those without loans. The Family Security as one of the classes of policies without loans outstanding is mostly surrendered as compared to the other classes of policies. From 1998 to 2013, the total numbers of policies surrendered without loans outstanding were 44,889 whilst those with loans outstanding were 55,854; hence policies with loans outstanding are mostly surrendered as compared to those without loans.