Important Points for IC 26 - Life Insurance Finance Exam
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ALM helps to forecast changes regarding economic value.
RTGS or Net Banking methods are used for transfer of funds collected by the controlling office.
The insurance company must make optimal utilisation of its capital.
The introduction of foreign companies in the insurance industry has given new products, and policyholders are provided with attractive rates of interest which has increased the level of competion.
ALM is to have sufficent long term assets to cover up long term liablities with a primary objective to minimize risk.
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