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At what intervals are actuarial valuations conducted?

Every year the policies that are in force are valued and the present value is arrived at. The assets are also valued as on that date and a comparison is made to ascertain the valuation surplus. 95% of the valuation surplus is distributed among with profit policy holders.

LIFE INSURANCE - FAQ :

What is a term assurance?
What is whole life plan?
What is an endowment assurance plan?
What is money back plan?
What is an assignment?
What is a nomination?
Can I take a loan on my policy ?
How can I revive a policy?
What is the procedure in case of a lost policy?
What are the Tax benefits available?
What is surrender value?
How much life insurance should an individual own?
When does a policy acquire paid up value?
What is meant by "mortgage redemption policy"?
What is the benefit of opting riders/add ons?
What is permanent total disablement?
What is meant by a 'with profit plan'?
At what intervals are actuarial valuations conducted?
What is the system of bonus calculation?
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