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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 forVantage 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 folderusing Save As option. This way original file should be preserved. You can do this -> Open theoriginal 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

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RLNB rider does not need any entry in calc tool input page tab. Other riders can be added as perpolicy 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 todifferent tabs.

Be careful to overwrite the cells in calc tool. Most of the cells contain formulas. If you overwritethe 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 onother pages like face increase, face decrease etc then click on Next for Post Issue button

then continue clicking on Next button on different tabs

until you reach Input-Project Info tab. Here click on Run button . If everything is finethen you will get following message box

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Click on Ok button. The Run time may vary depending upon the input values. Now you are readyto 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 cellon 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 inthe policy. Check this

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

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New Business Type (C/G) Means that Current and Guaranteed Summaryprojections/calculations at New Business Proj tab. The default value is C. But if you arecomparing with MNBS values then check with both Current and Guaranteed Summary

projections. The Policy summary calculation can be verified from New Business Proj tab. Checkthis

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

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MIP is verified in case of MNBS. It is displayed on A83 column on New Business Proj tab. Insome 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

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

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

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

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