Persistency
Persistency

How to compute for persistency?

Study Period- 12 months

New business APE- total issued APE for the last 12 months

Lapse- 19th month lapse APE for the last 12 months

Monthly- 19th monthly premium

Quarterly- 7th quarterly premium

Semi-annual- 4th semi-annual premium

Annual- 2nd annual premium

Reinstatement

19th month lapse

Reinstated within the study period

PRODUCTS THAT AFFECT PERSISTENCY

Set for Life

Set for Health

Set for Tomorrow

PRODUCTS THAT DO NOT AFFECT PERSISTENCY

Term products (Kandu and Corpcare)

Top-ups

Withdrawn policies

Single Premium

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Formula for computing Persistency

12 months New Business APE - 19 months lapse + reinstated policies, if any

12 months New Business APE

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