Question

It is known that 12.5% of the total life insurance sold in the countries is listed for term insurance, then what is the approximate value of non-term insurance sold in these countries for the year 2012?

• A. $\$$ 10060 million
• B. $\$$ 6480 million
• C. $\$$ 70400 million
• D. Datta insufficient

Answer 1

The correct option is C $\$$ 70400 million

Total life insurance sold in all the countries listed in the graph = 2500+2000+15000+10000+1000+20000+30000 =$\$$ 80500 million
Non -term insurance = 87.5% of 80500 =$\$$ 70437 million $\approx$ $\$$ 70400 million