policy¶

Source module to create Policy space from.

This module is a source module to create Policy space and its sub spaces from. The formulas of the cells in the Policy space are created from the functions defined in this module.

The Policy space is the base space of the policy spaces for individual policies, which are derived from and belong to the Policy space as its dynamic child spaces.

The policy spaces for individual policies are parametrized by PolicyID. For example, to get the policy space of the policy whose ID is 171:

>> pol = model.Policy(171)

The cells in a policy space for each individual policy retrieve input data, calculate and hold values of policy attributes specific to that policy, so various spaces in Input must be accessible from the Policy space.

Project Templates

This module is included in the following project templates.

Space Parameters

nestedlife.policy.PolicyID¶: Policy ID

References in Base

nestedlife.policy.PolicyData¶: Input.PolicyData

nestedlife.policy.ProductSpec¶: Input.ProductSpec

nestedlife.policy.LifeTable¶: LifeTable

nestedlife.policy.Gen¶: Generation key

References in Sub

nestedlife.policy.Product¶: Product key

nestedlife.policy.PolicyType¶: Policy type key

nestedlife.policy.Gen: Generation key

nestedlife.policy.Channel¶: Channel key

nestedlife.policy.Sex¶: M for Male, F for Female

nestedlife.policy.Duration¶: Number of years lapsed. 0 for new business

nestedlife.policy.IssueAge¶: Issue age

nestedlife.policy.PremFreq¶: Number of premium payments per year. 12 for monthly payments

nestedlife.policy.PolicyTerm¶: Policy term in year

nestedlife.policy.PolicyCount¶: Number of policies

nestedlife.policy.SumAssured¶: Sum Assured per policy

Cells

`AnnualizedPremRate`()	Annualized Premium Rate per Sum Assured
`CashValueRate`(t)	Cash Value Rate per Sum Assured
`GrossPremRate`()	Gross Premium Rate per Sum Assured per payment
`GrossPremTable`()	Gross premium table
`InitSurrCharge`()	Initial Surrender Charge Rate
`IntRate`(RateBasis)	Interest Rate
`LoadAcqSA`()	Acquisition Loading per Sum Assured
`LoadMaintGP`()	Maintenance Loading per Gross Premium
`LoadMaintPremWaiverGP`()	Maintenance Loading per Gross Premium for Premium Waiver
`LoadMaintSA`()	Maintenance Loading per Sum Assured during Premium Payment
`LoadMaintSA2`()	Maintenance Loading per Sum Assured after Premium Payment
`NLPReserveRate`(basis, t)	Net level premium reserve rate
`NetPremRate`(basis)	Net Premium Rate
`ReserveRate`()	Valuation Reserve Rate per Sum Assured
`SurrCharge`(t)	Surrender Charge Rate per Sum Assured
`TableID`(RateBasis)	Mortality Table ID
`UnearnedPremRate`()	Unearned Premium Rate

nestedlife.policy.IntRate(RateBasis)[source]¶: Interest Rate

nestedlife.policy.TableID(RateBasis)[source]¶: Mortality Table ID

nestedlife.policy.LoadAcqSA()[source]¶: Acquisition Loading per Sum Assured

nestedlife.policy.LoadMaintGP()[source]¶: Maintenance Loading per Gross Premium

nestedlife.policy.LoadMaintPremWaiverGP()[source]¶: Maintenance Loading per Gross Premium for Premium Waiver

nestedlife.policy.LoadMaintSA()[source]¶: Maintenance Loading per Sum Assured during Premium Payment

nestedlife.policy.LoadMaintSA2()[source]¶: Maintenance Loading per Sum Assured after Premium Payment

nestedlife.policy.InitSurrCharge()[source]¶: Initial Surrender Charge Rate

nestedlife.policy.NetPremRate(basis)[source]¶: Net Premium Rate

nestedlife.policy.GrossPremRate()[source]¶: Gross Premium Rate per Sum Assured per payment

nestedlife.policy.AnnualizedPremRate()[source]¶: Annualized Premium Rate per Sum Assured

nestedlife.policy.GrossPremTable()[source]¶: Gross premium table

nestedlife.policy.NLPReserveRate(basis, t)[source]¶: Net level premium reserve rate

nestedlife.policy.ReserveRate()[source]¶: Valuation Reserve Rate per Sum Assured

nestedlife.policy.SurrCharge(t)[source]¶: Surrender Charge Rate per Sum Assured

nestedlife.policy.CashValueRate(t)[source]¶: Cash Value Rate per Sum Assured

nestedlife.policy.UnearnedPremRate()[source]¶: Unearned Premium Rate