2013
DOI: 10.4038/sljastats.v14i1.5877
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Ageing Properties of Curtate Future Life Time

Abstract: In insurance sector, for determining the premium of an insured aged x, the insurer is interested not only in the complete future lifetime T (x), but also in the individual's curtate future lifetime K(x) =[T (x)]. In this paper, we derive expressions for the reliability measures of K(x) and explore some of its ageing properties.

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Cited by 1 publication
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“…In literature, many authors have explored the ageing properties of T (x) [11]. The distributional and ageing properties of curtate future lifetime K(x), the greatest integer less than or equal to T (x) have been already studied [6]. To the best of our knowledge, the distributional properties of T (x) have not been studied so far.…”
Section: Introductionmentioning
confidence: 99%
“…In literature, many authors have explored the ageing properties of T (x) [11]. The distributional and ageing properties of curtate future lifetime K(x), the greatest integer less than or equal to T (x) have been already studied [6]. To the best of our knowledge, the distributional properties of T (x) have not been studied so far.…”
Section: Introductionmentioning
confidence: 99%