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Heaven Life Insurance Co. furnishes you the following information:ParticularsAmount (Rs)Life Insurance fund on 31.03.201752,00,000Net liability on 31.03.2017 as per actuarial valuation 40,00,000Interim bonus paid to policyholders during intervaluation periodYou are required to prepare: (i) Valuation balance Sheet; (ii) Statement of Net Profit for the valuation period; and (iii) Amount due to the policy holders. |
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Answer» (i)Heaven Life Insurance Co. Valuation balance Sheet as at 31st march, 2017
(ii) Statement showing Net Profit for the valuation period
(iii) Amount due to Policyholders
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