What products are modeled in the AXIS Regular Life Module?
Traditional insurance policies and benefits, including term, whole life, and endowment products.
What are Return of Premium options in the AXIS Regular Life Module?
Features that refund some or all premiums paid if the insured survives the term or upon policy surrender.
What are Paid-up Value options?
Options allowing the policyholder to stop paying premiums and retain a reduced paid-up policy value.
How does the Regular Life Module handle reinsurance?
It supports multiple reinsurance treaties for flexible risk sharing.
Can policy riders be modeled with base policies in the Regular Life Module?
Yes, policy riders can be modeled in conjunction with the base policy.
Does the Regular Life Module support multiple lives?
Yes, it allows modeling of multiple life policies and multiple decrement assumptions.
How does the Regular Life Module handle policyholder behavior?
It models lapses, surrenders, and other behavior patterns that affect cashflows and reserves.
How are cash values calculated in the Regular Life Module?
Using various reserve formulas including US non-forfeiture rules.
