BibTex Citation Data :
@article{JM845, author = {Adhitya Effendi}, title = {VALUATION OF LONG TERM CARE (LTC) HEALTH INSURANCE CONTRACT USING MULTISTATE MODEL}, journal = {MATEMATIKA}, volume = {12}, number = {3}, year = {2011}, keywords = {}, abstract = { In this paper, we are using multistate model to evaluate Long Term Care (LTC) health insurance contract. Some products in LTC contract such as stand alone Annuity, LTC as a rider benefit, Enhanced pension and Insurance package are discussed. We use Discrete Time Markov Chains (DTMC) to model health status of each of the patients. Every time, a patient is exposed to one of the status that already set in the status space, for example: health, ill and death. We also consider evaluating premiums and reserves generated by this model which also useful for the practioneers and insurance companies. }, url = {https://ejournal.undip.ac.id/index.php/matematika/article/view/845} }
Refworks Citation Data :
In this paper, we are using multistate model to evaluate Long Term Care (LTC) health insurance contract. Some products in LTC contract such as stand alone Annuity, LTC as a rider benefit, Enhanced pension and Insurance package are discussed. We use Discrete Time Markov Chains (DTMC) to model health status of each of the patients. Every time, a patient is exposed to one of the status that already set in the status space, for example: health, ill and death. We also consider evaluating premiums and reserves generated by this model which also useful for the practioneers and insurance companies.
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