Asset Share
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Rishabh Surana
Share of the insurer’s assets attributable to that policy. In other words, it is the asset that a policyholder has built up in an insurance company. The asset share value is calculated as the amount the policyholder has paid in premiums, less the cost of insurance and other expenses to the insurance company. The asset share value is computed using the amount the insurance company actually spends in expenses, and is not simply an estimate.
Asset Share is the accumulation of =
Premium
+ Investment Return
– Benefit Outgo
– Expenses
– Commission
– Taxes
– Shareholder Transfer
– Cost of Capital & Guarantee
Role of Asset Share:
1) Declaration of Bonus
2) Surrender Value Calculation
3) Death Value Calculation
4) Maturity Value Calculation
5) Reserving
6) Cost of Guarantee Calculations
7) Investment Strategy
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