Document ID: chunk:federal_register_of_legislation:F2023L00713:front:0:p10
Version: federal_register_of_legislation:F2023L00713
Segment Type: other
Provision Reference: 
Character Range: 31795–33164

insured
                                                                                                                          * disability income insurance: Insurance payment (i.e. annualised insured benefit)
                                                                                                                          * other individual: Consistent with above principles

                                                                                                                      For group products, this is worked out by considering the reinsured portion of what the insured amount is for each member of the group (the 'member's insured amount'). Then aggregate the reinsured portion of the member's insured amount of all the members of the group.

Specific instructions

Table 1: Policy Liability Related Data

Reporting basis

This table applies to life companies including friendly societies. Data must be submitted at the level of each statutory fund for life insurers and each benefit fund for friendly societies.

Report all information as at the reporting date.

Units of measurement

Report the dollar values in this table in whole Australian dollars.
    Name                                                                                Valid values                                                                Description