Viewing valuation rule details

This page allows you to view the details of the selected insurance rule. Details like the revaluation options and the index values entered can also be viewed.

Select the “View Insurance Valuation Rule” link provided in the “Select Insurance Valuation Rule” page.

The “View Insurance Valuation Rule” page appears.

The system displays the following:

Insurance Valuation Rule No	The code identifying the valuation rule.
Rule Desc.	A textual description of the rule.
Policy Type	The type of the insurance policy.
Revaluation Type	The type of revaluation done. It could be “Upward” or “Downward”.
	Upward – indicates that the asset has been valued on the appreciating value of the asset.
	Downward – indicates that the asset has been valued on the depreciating value of the asset.
Revaluation Option	The option by which the asset has been revalued. It could be “Indexes”, “Percentage”, “By Amount” or “To Amount”.
	Indexes – indicates that the revaluation has been done with respect to an index provided.
	Percentage – indicates that the revaluation has been done based on a percentage defined.
	By Amount – indicates that the revaluation has been done based on a fixed amount.
	To Amount – indicates that the revaluation done has not exceeded a fixed amount.
Revaluation Basis	The basis on which the revaluation of the asset has been done.
	Asset Cost – indicates that the asset has been valued based on its original cost.
	Revaluation Cost – indicates that the asset has been valued based on the revaluation practices.
Depreciation Book Code	The code identifying the depreciation book.
Revalue Cumulative Depreciation	Indicates that the cumulative depreciation of the asset has been taken into account.
Revaluation Percentage	The percentage for revaluation.
Index Option	The index option selected. It could be “Calendar Year”, “Age”, “Financial Year” or “Date Range”.
	Calendar Year – indicates that the calendar year has been taken into account with respect to an index during the revaluation process.
	Age – indicates that the age of the asset has been taken into account with respect to an index during the revaluation process.
	Financial Year – indicates that the financial year in which the revaluation was done was taken into account during the process.
	Date Range – indicates that the date range in which the asset was purchased was taken into account during the revaluation process.
No. of Index Years	The number of years for which index values have been entered.
Start Year	The starting year from which the revaluation process starts.

The system displays the following in the “Index Values” multiline:

Note: Values will be displayed in this multiline if index has been chosen as the revaluation option.

Year	The year in which the revaluation has been done.
Start Date	The starting date in the period for which a revaluation index value has been set.
End Date	The ending date in the period for which a revaluation index value has been set.
Indexes	The index value with respect to which the revaluation has been done.

The system displays the following:

Created By	The login ID of the user who has created the valuation rule.
Created Date	The date on which the valuation rule was created.
Last Modified By	The login ID of the user who has last modified the valuation rule.
Last Modified Date	The date on which the valuation rule was last modified.