Technical interest rate definition

Technical interest rate means the rate of interest used by insurance undertakings and branches of foreign insurance undertakings to calculate premiums and technical provisions for life insurance contracts using actuarial methods. The technical interest rate is part of the insurance rate and represents a rate of interest at which the value of future liabilities arising from insurance contracts, calculated using actuarial methods, equals the value of future premiums.
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Technical interest rate means the rate of interest used by the insurance company when calculating the premiums and premium reserve for life and medical insurance policies, and benefit payment reserve for accident and liability insurance policies, where the ceiling rate is specified in specific other legislation;
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Technical interest rate. : means the minimum return rate that is already paid by the insurance undertakings upon conclusion of a contract when determining the premiums.
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More Definitions of Technical interest rate

Technical interest rate means the interest rate that is applied in calculating the amount of pensions from the Fund for Life-long Pension Payments Doverie.
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Related to Technical interest rate

  • Initial Interest Rate means, as of any date of determination, (a) with respect to each A Note, the Initial Note A Interest Rate and (b) with respect to each B Note, the Initial Note B Interest Rate.

  • Additional Interest Rate means, with respect to (i) the Class A Notes, 0.75%, (ii) the Class B Notes, 0.75% and (iii) the Class C Notes, 0.75%.