claims¶

claims(t, kind=None)[source]¶

Claims

The claim amount during the period from t to t+1. The optional second parameter is for indicating the type of the claim, and it takes a string, which is either "DEATH", "LAPSE" or "MATURITY", or defaults to None to indicate the total of all the types of claims during the period.

The death benefit as denoted by "DEATH" is defined as:

claim_pp(t) * pols_death(t)

The surrender benefit as denoted by "LAPSE" is defined as:

claims_from_av(t, "LAPSE") - surr_charge(t)

The maturity benefit as denoted by "MATURITY" is defined as:

claims_from_av(t, "MATURITY")