This is the value, as at the relevant date, of premiums liabilities as determined in accordance with relevant prudential standards.Prudential Premiums Liabilities relate to all future claim payments arising from future events post the valuation date that will be insured under the reporting party's existing policies that have not yet expired. The value of Prudential Premium Liabilities must include an amount in respect of the expenses that the reporting entity expects to incur in administering and settling the relevant claims and allow for expected premium refunds. The value of prudential premiums liabilities must not include any Government charges directly imposed on the reporting entity such as levies, duties and taxes. Also a deferred acquisition cost asset must not be reported as part of Prudential Premium Liabilities.