[Latest News][6]

Affiliate Marketing Guides
Agriculture Business Ideas
Amazon Online Store Tips
Banking & Finance Tips
Blogging & Webmaster Guides
Bulk SMS Short Code Guides
Computer & IT Business Ideas
Education Business Ideas
Entrepreneurship Tips & Freebies
Facebook Autopilot & Tips
Fashion & Decoration Ideas
Financial Calculators
Fiverr Income Guides
Free SMS Text Messages
Google Adsense Tips
Health Business Opportunities
Inspirational Poems & Literature
Insurance & Risk Management
Job Search Tips
Mobile Phone Tips & Business
Motivational Quotes & Tips
Oil & Gas Business Ideas
Online Business Guides
Online Importation Business Guides
Small Scale Business Ideas
Social Media Income Guides
Start-Up Business Ideas
Transportation & Haulage Ideas
Web & Graphic Designing Ideas
Work-At-Home Business Ideas

Investment categories based on type of business

Investment categories based on type of business

Investment assets of an insurer have broadly been classified as follows for the purpose of regulating investments:

(a) Unit reserves of unit linked business – These constitute the reserves against the units of a unit linked insurance business which are dependent upon the investment pattern chosen by the Policyholders. Hence these investments are classified separately

(b) Pension and Annuity business – Pension and Annuity business are relatively long term in nature and guarantee annuity over a fairly long period of time and hence requires to be treated differently.

Group business other than unit linked and One year Renewal Group Term insurance also fall under this category.

[Post Image Courtesy of JimboPhoto at FreeDigitalPhotos.net]

(c) Life insurance business – this is the residual category which comprises of :

1. Shareholders’ funds representing solvency margin

2. Participating and Non-participating Policyholders funds

3. One year Renewable Group Term Insurance

4. Non-unit reserves of unit linked insurance business

For a Non-life insurer (including Health business), there is only one category of investible funds – which includes both shareholders funds and policyholders funds

Insurance Law And Practice - ICSI

About Author Mohamed Abu 'l-Gharaniq

when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries.

No comments:

Post a Comment

Do you have any reasonable comments for this post ? Please feel free to drop them below using the comment box. We will moderate and publish them as soon as possible. Cheers !

Start typing and press Enter to search