How to compute for persistency?
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 Reinstated within the study period
PRODUCTS THAT AFFECT PERSISTENCY
PRODUCTS THAT DO NOT AFFECT PERSISTENCY
Term products (Kandu and Corpcare)
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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