Article Per Year (5 Year)
p-Index From 2021 - 2026
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All Journal International Journal of Business, Economics, and Social Development
Irene Araminta Febry
Unknown Affiliation
Humanities Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Social Sciences

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Comparative Analysis of Endowment Life Insurance Premium Reserves Using the Canadian Method Based on the 2019 TMI and Gompertz’s Law Irene Araminta Febry; Riaman; Sukono
International Journal of Business, Economics, and Social Development Vol. 7 No. 2 (2026): International Journal of Business, Economics, and Social Development (IJBESD)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v7i2.1177

Abstract

Life uncertainty, particularly mortality risk, creates the need for financial protection through life insurance. Endowment life insurance is a product that provides both death benefits and survival benefits at the end of the coverage period; therefore, insurance companies must establish adequate premium reserves. This study aims to calculate premium reserves for endowment life insurance using the Canadian method and to compare the effects of different mortality models based on the 2019 Indonesian Mortality Table (TMI) and Gompertz’s law. The results show that premium reserves calculated using Gompertz’s law are higher than those calculated using the 2019 Indonesian Mortality Table (TMI). This difference indicates that the choice of mortality model affects the magnitude of the resulting premium reserves.
Co-Authors Riaman Sukono