PET - Plain English Taxonomy

Attribute:	PL18005
Concept:	Expense Insurance Premium Payments Amount
Label:	Premium payment
Concept Guidance:	This is the value, during the relevant period, of insurance premium payments paid for the provision of insurance under an insurance policy.This excludes legacy insurance arrangements where no insurance premium is payable because the insurance policy is based on a surrender value.

Dimensions

Dimension	Member	Description
ClassOfBusinessDimension	(DirectBusiness)	This dimension is used to categorise information according to business activity. Report where the class of business relates to direct insurance contracts.Insurance contracts are classified as 'direct' when the reporting party has a contract directly with a policyholder that is not an insurer or reinsurer. Policyholder means a party that has a right to compensation under an insurance contract if an insured event occurs.
InsuranceArrangeTypeByMemberCoverageDimension	(GroupInsurance)	This dimension classifies the types of insurance arrangement by member coverage. Represents a contract between the superannuation entity and an insurance company to provide insured benefits in respect to a group of members.
MaterialityDimension	(RemainingGroupInsurance)	This dimension categorises the reported data according to materiality limits. The reported data reflects the group insurance policy that covers less than five percent of the total number of member accounts.
OrganisationNameDimension	(OI12228)	This is the legal name of the entity.
PeriodOffsetEffectivePeriodDimension	(BeforeReportingPeriod)	This dimension is used to categorise reported information according to the time period within which it is expected to be effective. The reported information is effective before the current reporting period.