HDFC Life Apprentice Trainee Interview Questions and Answers

Annuity at year start generally gives higher returns due to longer investment period and compounding interest.

• Annuity at year start gives higher returns due to longer investment period for compounding interest

• Investing at year start allows for more time for the investment to grow

• Annuity at year end may result in lower returns as the investment period is shorter

Reserving in insurance is the process of estimating future claims and setting aside funds to cover them.

• Reserving involves predicting the amount of money that will be needed to pay for future claims.

• Methods used in reserving include the chain-ladder method, Bornhuetter-Ferguson method, and loss ratio method.

• The chain-ladder method extrapolates past claims development patterns into the future.

• The Bornhuetter-Ferguson me...read more