ALC Ltd. is a insurance company. It launched a new term insurance policy Names as Protection Plus. The total cost for the policy during the year is…
CA Intermediate · Cost and Management Accounting · RTP · September 2024
ALC Ltd. is a insurance company. It launched a new term insurance policy Names as Protection Plus. The total cost for the policy during the year is 1,60,00,000. Total number of policies sold is 410 and total insured value of policies is 920 crore. What is the cost per rupee of insured value?
Suggested Answer and Working Notes:
Correct Answer: Option (A)
₹ 0.0017
Topics: Service Costing
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