Factors that Affect Life Insurance Premiums from the Standpoint of Vietnam Insurers

The objective of the study is to determine the methods of premium calculation, the factors affecting the premium calculation, the current situation of premium calculation in the Vietnamese life insurance market, and at the same time make recommendations for the Vietnamese insurance market through recommendations to state agencies, the Vietnam Insurance Association and Vietnamese life insurers. In order to identify the premium, statistical and analytical techniques were used to conduct this study. The analysis of the study is shown by formulating the insurance calculation methods. On that basis, the author predicts six main factors affecting the calculation of life insurance premiums. In addition, the article analyzes the current situation of calculating life insurance premiums in the Vietnamese life insurance market through actual criteria. From there, it shows the development prospects of the life insurance industry in Vietnam, and at the same time makes some recommendations for the management agencies, professional associations, and Vietnam life insurance enterprises.