If the claim rate is closer to one in ten, and if you want to achieve self-financing for this particular scheme, then you want a rate of 0.9%. If you want to charge the same premium as everyone else is paying, it's 0.41%.
December 10th, 2009 / 4:55 p.m.
Consultant, As an Individual
If the claim rate is closer to one in ten, and if you want to achieve self-financing for this particular scheme, then you want a rate of 0.9%. If you want to charge the same premium as everyone else is paying, it's 0.41%.
See context to find out what was said next.