Demographic data – Sources, Coverage and Content errors in demographic data. Measures of fertility period and cohort measures. Use of birth order Statistics and child – Woman ratio. Brass technique to estimate current-fertility levels Estimation of TFR age pattern of fertility. Measures of mortality – standard death rates, neo-natal, perinatal death rates, maternal and infant mortality rates standardization of mortality rates.
Life table: Basic definitions, probabilities, construction of life tables, life expectancy, Life annuities: calculating annuity premium, interest and survivorship discount unction, guaranteed payments, deferred annuities.
Life insurance: Introduction, calculation of life insurance premiums, types of life insurance, combined benefits, insurances viewed as annuities, Insurance and annuity reserves: General pattern reserves, recursion, detailed analysis of an insurance.
Contingent Functions: Contingent probabilities, assurances. Decrement tables. Pension funds: Capital sums on retirement and death, widow’s pensions, benefits dependent on marriage.