PET - Plain English Taxonomy

Attribute: PL13636
Concept:
Label: Expenses - death and disability claims
Concept Guidance:
Report benefits paid or payable for death and/or disability claims, including current period bonus and any interim or terminal bonuses included in claims amounts.Bonus is the annual 'profit' amount allocated to traditional whole of life and endowment policies which are 'participating'. This amount represents the policies' participation in earnings, and is normally declared as a percentage of the sum insured and existing bonuses.Participating policies are those life insurance policies that participate in the surplus or profits of the fund through declared bonuses. 
Dimensions
Dimension Member Description
(Australian)
This dimension is used to categorise reported information according to the jurisdictional reach to which that information relates.
Data reported is within the jurisdictional reach of Australia.