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Policy  premiums  are  for  AOA; AOY  1;1

Unqualified  attendent  cover is @ 7.5%  extra  premium

FOR  ERROR  AND  OMISSION  POLICY  OF  HOSPITALS / ESTABLISHMENTS

RS  3000  PER  10  LAC = 3000

PLUS 7.5%  UNQUALIFIED  ATTENDENT  COVER =  3225

ADD  NEW OPD  PATIENTS PER YEAR X 1 = 3225 + X

ADD  NEW  IPD  PATIENTS PER YEAR X 5 = 3225 + X + (5x Y)

TOTAL = 3225 + (OPD x 1) + (IPD x 5)

LESS  60 %  DISCOUNT  MLAG=  [3225 + (OPD x 1) + (IPD x 5)]X 40/100 = Z

PLUS  18 %  GST=  Z + 18%

PLUS  5000  FIRST  YEAR  MEMBERSHIP= Z + 18% + 5000

PLUS  1000  SECOND  YEAR  ONWARDS  MEMBERSHIP= Z + 18% + 1000