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Paper Information

Journal:   SANAAT-E-BIMEH   FALL 2014 , Volume 29 , Number 3 (115); Page(s) 51 To 74.
 
Paper: 

ELIMINATING THE NEGATIVE EFFECTS OF INFLATION FROM THE LIFE INSURANCE POLICIES USING THE CURRENCY BASKET

 
 
Author(s):  MAHDAVI GHADIR, ALIPOUR JALAL*
 
* 
 
Abstract: 

The existence of stable inflation is considered as one of the main reasons behind the inadequate demands toward the life insurance in Iran that will decrease purchasing power of the life insurance death benefit. In order to investigate the issue, 204 questionnaires have been distributed among two groups of life insurance buyers and those who have not bought life insurance yet. According to the statistical analyses, the hypothesis assuming inflation as the most important obstacle behind the demand for life insurance has been approved.
To eliminate the negative effects of inflation on the life insurance demand, the solution of providing an optimum currency basket for calculating death benefit has been taken into consideration. In order to derive an optimum currency basket, the method of Genetic Algorithm has been used and the optimum weight for the currency basket has been calculated as the Iran Rial (0.008), Norway Krone (0.066), U.S Dollar (0.522) and EURO (0.404).

 
Keyword(s): UNIVERSAL LIFE INSURANCE POLICY, INFLATION, CURRENCY BASKET, GENETIC ALGORITHM, OPTIMIZATION
 
 
References: 
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Citations: 
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+ Click to Cite.
APA: Copy

MAHDAVI, G., & ALIPOUR, J. (2014). ELIMINATING THE NEGATIVE EFFECTS OF INFLATION FROM THE LIFE INSURANCE POLICIES USING THE CURRENCY BASKET. SANAAT-E-BIMEH, 29(3 (115)), 51-74. https://www.sid.ir/en/journal/ViewPaper.aspx?id=509745



Vancouver: Copy

MAHDAVI GHADIR, ALIPOUR JALAL. ELIMINATING THE NEGATIVE EFFECTS OF INFLATION FROM THE LIFE INSURANCE POLICIES USING THE CURRENCY BASKET. SANAAT-E-BIMEH. 2014 [cited 2021July24];29(3 (115)):51-74. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=509745



IEEE: Copy

MAHDAVI, G., ALIPOUR, J., 2014. ELIMINATING THE NEGATIVE EFFECTS OF INFLATION FROM THE LIFE INSURANCE POLICIES USING THE CURRENCY BASKET. SANAAT-E-BIMEH, [online] 29(3 (115)), pp.51-74. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=509745.



 
 
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