Insurance Premiums

Keywords: Cubic spline regression

Description

Age specific term life premium rates for a sum insured of $50,000 are given in the table. The first column is the age of insured, the next two columns are the rates for male smokers and non-smokers, and the last two columns are the rates for female smokers and non-smokers. The four separate sets of points may be plotted and cubic spline regression used to fit them.

Download

Data file (tab-delimited text)

Source

National Roads and Motorists Association magazine (Australia), The Open Road, June 1985, 14.

Hand D.J., Daly F., Lunn A.D., McConway K.J., Ostrowski E. (1994) A Handbook of Small Data Sets. London: Chapman & Hall. Data set 342