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Policy

SegmentActivity

object
segmentIDstring

A unique identifier assigned to a particular segment for a specific fund account within the investment structure

Example:segment1

appliedRatenumber(double)

For funds: The rate at which an activity (e.g., interest, withdrawal, allocation) is applied. For match: The percentage rate at which the match or bonus contribution current value grows. For loans: The interest rate applied to the loan balance to calculate accrued interest

Example:100

appliedAmountnumber(double)

For funds: The specific amount or percentage applied for withdrawal, transfer, or reallocation from the particular segment selected for a fund. For match: This is transaction level amount which tracks changes to match current value. This gets calculated on events such as interest credit match, premium, match bonus vesting. For loans: This is transaction level amount which tracks changes to loan balance . This gets calculated on events such as interest loan,loan repayment, loan true up,new loan,etc.

Example:100

appliedInterestnumber(double)

Applied Interest refers to the amount of loan interest that has been posted (charged) to the policy’s outstanding loan balance during a specific accounting period. This interest is based on the terms of the policy loan, such as the loan type (fixed or variable), rate, and method of interest

Example:100

Example

FundActivitySegment

object
segmentIDstring

A unique identifier assigned to a particular segment for a specific fund account within the investment structure

Example:segment1

currentAmountnumber(double)

The current value of the particular segment for a specific fund account within the investment structure. The current amount of the segment, considering any earnings, withdrawals, or adjustments due to transaction

Example:100

segmentActivityobject
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Example

FundActivity

object
fundIDstring

A unique identifier assigned to a specific fund account within the investment structure

Example:FundAccount1

fundNamestring

The official business name of the fund account as designated by the financial institution or insurance provider. This name identifies the specific fund within the investment structure

Example:Fund Account 1

fundAccountTypestring

Represents the classification of a fund based on its investment strategy/flexiblity,and structure. It defines how the fund is structured and managed, such as whether it focuses on equities, fixed income, or other investment categories

Allowed values:FIXEDINDEXEDVARIABLE

totalFundValuenumber(double)

The total value of the specific fund account within the investment structure.The total fund value of the a specific fund, considering any earnings, withdrawals, or adjustments due to transaction

appliedAmountnumber(double)

The total amount or percentage applied for withdrawal, transfer, or reallocation from the selected fund

Example:100

fundActivitySegmentsarray[object]
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Example

MatchActivity

object
currentAmountnumber

This is total value of bonus or match post transaction processing including interest. This value will be populated on transaction which impacts bonus calculations. For e.g. premium, match bonus vesting

Example:100

segmentActivityobject
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Example

LoanActivitySegment

object
segmentIDstring

A unique identifier assigned to a specific loan segment

Example:Segment1

loanBalancenumber(double)

The outstanding loan amount, including both principal and accrued interest at segment level

Example:100

loanAccruedInterestnumber(double)

The accumulated interest on the outstanding loan balance at segment level

Example:100

repaymentInterestAmountnumber(double)

Loan Interest Repaid with current Repayment Transaction

Example:100

segmentActivityobject
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Example