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

simplelife.policy.PolicyID¶: Policy ID

References in Base

simplelife.policy.PolicyData¶: Input.PolicyData

simplelife.policy.ProductSpec¶: Input.ProductSpec

simplelife.policy.LifeTable¶: LifeTable

simplelife.policy.Gen¶: Generation key

References in Sub

simplelife.policy.Product¶: Product key

simplelife.policy.PolicyType¶: Policy type key

simplelife.policy.Gen: Generation key

simplelife.policy.Channel¶: Channel key

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

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

simplelife.policy.IssueAge¶: Issue age

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

simplelife.policy.PolicyTerm¶: Policy term in year

simplelife.policy.PolicyCount¶: Number of policies

simplelife.policy.SumAssured¶: Sum Assured per policy

Cells

`AnnPremRate`()	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
`LoadMaintPrem`()	Maintenance Loading per Gross Premium
`LoadMaintPremWaiverPrem`()	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
`NetPremRate`(basis)	Net Premium Rate
`ReserveNLP_Rate`(basis, t)	Net level premium reserve rate
`ReserveRate`()	Valuation Reserve Rate per Sum Assured
`SurrCharge`(t)	Surrender Charge Rate per Sum Assured
`TableID`(RateBasis)	Mortality Table ID
`UernPremRate`()	Unearned Premium Rate

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

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

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

simplelife.policy.LoadMaintPrem()[source]¶: Maintenance Loading per Gross Premium

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

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

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

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

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

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

simplelife.policy.AnnPremRate()[source]¶: Annualized Premium Rate per Sum Assured

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

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

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

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

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

simplelife.policy.UernPremRate()[source]¶: Unearned Premium Rate