PET - Plain English Taxonomy

Label: Expense Insurance Policy Conversions Outwards Amount
TREF ID: DE4387
Data Type: xbrli:monetaryItemType
Period Type: duration
Balance Type: debit
Business Description & Guidance:
Report the total value of outward (claim) side of conversions between statutory funds. Exclude deposit components.Deposit components are to be recognised  and measured as per the accounting standards. 

Usage
Form Labels
Label:
Guidance:
Expenses - policy conversions - outwards
Premium and claim elements of policy conversions do not apply for life investment contracts, due to section 5 of AASB 138. In those cases, only deposit components are expected to apply.