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Calculate rate based on flat amount and not coverage
Summary:
Hi,
We have a requirement where the rate is age based and the rate should be calculated for a flat amount of 50k. The coverage amount for the plan is 100K, but only 50k should be considered when the rate is calculated.
Eg: Rate is 0.66 so the rate calculation should be 0.66*50000/1000; The coverage should be 100k.
Does anyone has any idea how to achieve this without a fast formula.
Thanks,
N
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