METHODS OF CALCULATING DEFINITION RATES IN LIFE INSURANCE

Abstract

The life insurance studied in the article is a set of insurance types that provide insurance protection against events related to human life, i.e., his life expectancy (living) and death. In order to take out life insurance, it is necessary to calculate its price, that is, the rate of definition. Definition rates are calculated by different methods for each type of life insurance. If the object of life insurance is the property interests related to a person's life, the subject is a person's death, reaching a certain age, illness, accident, birth of a child, marriage and other situations. In this article, based on the demographic statistics about population death and age structure, which is the source of the calculation of the definition rates, the table of death developed using a special methodology for the last years on the scale of Uzbekistan is presented. With the help of this table, a switching table has been created that can be used to calculate the desired interest rate of life insurance in insurance companies. Also, for the sake of convenience, a copy of this table in Excel is provided for wide use in practical issues.