How to use Calc tool

Calc tool is available in Calcsheets-tools folder for every release in M: drive for Prudential project. It is mainly used when new Products are introduced by Prudential. Values can be verified for Vantage Admin policies and MNBS output policies. Saving tips Always try to save original excel sheet with the policy no you are working upon in the same folder using Save As option. This way original file should be preserved. You can do this -> Open the original excel file then save this file using Save as option. Inputting data at Input-at Issue Tab Input your data on this screen as you have entered on your policy. Check following screens

Prepared by Harish Nagpal, Business Analyst

RLNB rider does not need any entry in calc tool input page tab. Other riders can be added as per policy on calc tool. CLTR means Child Level Term Rider. Input RtgClass and Prm Class as per policy. Enter Flat extras also if they are in the policy. You can input face increases, face decreases, type changes, loans, withdrawals etc by going to different tabs. Be careful to overwrite the cells in calc tool. Most of the cells contain formulas. If you overwrite the cells then result may not be the same. If you are inputting data only on Input at issue page then you can click on Run New Business Proj button directly to check the values. If you are entering values on other pages like face increase, face decrease etc then click on Next for Post Issue button then continue clicking on Next button until you reach Input-Project Info tab. Here click on Run button then you will get following message box on different tabs . If everything is fine

Prepared by Harish Nagpal, Business Analyst

Click on Ok button. The Run time may vary depending upon the input values. Now you are ready to check result by going to different tabs. If the values are not coming correctly then try to change interest rate on the input page in E31 cell on Input-At Issue page. Most of the values are verified from Base, Contract Fund and New Business Projection Tab

Sales load and comm. Can be compared with BY and BZ in the Base Tab and NI/TI segment in the policy. Check this

Cost of insurance charges can be verified from XA screen. And in Calc tool from the AD and AG column (Per Policy Load and Per Unit Load) and COI charges from BF column. The Tab for checking COI charges is Contract Fund. If the policy has riders then you will have to check their values also. Check this

Prepared by Harish Nagpal, Business Analyst

New Business Type (C/G) Means that Current and Guaranteed Summary projections/calculations at New Business Proj tab. The default value is C. But if you are comparing with MNBS values then check with both Current and Guaranteed Summary projections. The Policy summary calculation can be verified from New Business Proj tab. Check this

Prepared by Harish Nagpal, Business Analyst

Rated GCOI (MNBS) See at column V48, Tab Rates and Assumptions. This is for verifying COI calculation for MNBS. Check this

Prepared by Harish Nagpal, Business Analyst

MIP is verified in case of MNBS. It is displayed on A83 column on New Business Proj tab. In some LOBs we enter MIP while entering Input in MNBS. And in some LOBs we do not enter MIP. For details of LOBs, whether we need to enter MIP or not refer to Business Specification 06F004. Check this

Prepared by Harish Nagpal, Business Analyst

ADB & Rider Charges (MNBS) and other rider charges See at column B294 Annualized charges, Tab New Business Projection. Check this

Base NAAR amount We check with AX column (Base NAAR) in Contract Fund Tab. Then we compare this amount with XA trxh in the trxh history.

Prepared by Harish Nagpal, Business Analyst

Full surrender charge Column BT5, Tab Contract Fund. Check this

Prepared by Harish Nagpal, Business Analyst