2023年3月29日 · Life insurers must be able to demonstrate the cost of investment performance guarantees meet specific requirements. This standard forms part of the Financial Resilience Pillar. It applies to all life insurers, including friendly societies.

Life insurance (prudential standard) determination No. 14 of 2012 LPS 370 sets out revised requirements for calculating the cost of investment performance guarantees provided in …

This Prudential Standard sets out the requirements for calculating the cost of investment performance guarantees provided in association with investment-linked contracts for the purpose of section 42 of the Life Insurance Act 1995.

Prudential standards, practice guides and associated guidance are also available on APRA's digital Prudential Handbook, which includes powerful search and cross-referencing functionality.

2023年3月9日 · made under that Determination; and under subsection 230A(1) of the Act, determine Prudential Standard LPS 370 Cost of Investment Performance Guarantees in the form set out in the Schedule, which applies to all life companies, including friendly societies. This instrument commences on 29 March 2023.

LPS 370 Cost of Investment Performance Guarantees requires life insurers to calculate the cost of investment performance guarantees in a specific way.

2023年3月9日 · Prudential Standard LPS 360 Termination Values, Minimum Surrender Values and Paid up Values (LPS 360); and Prudential Standard LPS 370 Cost of Investment Performance Guarantees (LPS 370).

(b) under subsection 230A (1) of the Act DETERMINE Prudential Standard LPS 370 Cost of Investment Performance Guarantees, in the form set out in the Schedule, which applies to all life companies, including friendly societies. This instrument takes effect on 1 January 2013.

2023年3月9日 · Prudential Standard LPS 370 Cost of Investment Performance Guarantees (LPS 370). LPS 100 and LPS 370 are specifically required by the Life Insurance Act 1995 . LPS 360 prescribes the minimum amount paid by an insurer to a policyholder when a long-term life insurance policy is discontinued.

2023年3月13日 · The four standards are LPS 100 Solvency Standard (LPS 100); LPS 115 Capital Adequacy: Insurance Risk Charge (LPS 115); LPS 360 Termination Values, Minimum Surrender Values and Paid up Values (LPS 360); and LPS 370 Cost of …