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Oracle® Insurance Rules Palette 9.4.0.0 E18894_01

# Fund Type and OIPA Valuation

The OIPA system performs standard calculations when valuing the following types of funds.

- Fixed Funds: Interest is calculated and added to the current amount invested in the fund to determine its value.

- Variable Funds: The current total number of units is multiplied by the current unit price to establish a fund’s value.

- Non-Invest Funds: Viewing the amount of a fund, not included in the policy’s worth. These are treated as fixed funds by OIPA.

- Unit Linked Funds: The current total number of units is multiplied by the current unit price to establish a fund’s value.

These types of funds are listed in AsCodeFundTypes and should never be changed as the system will use these specific typecodes for valuation.

Fund Type | TypeCode
--- | ---
Fixed Funds | 01
Variable Funds | 02
Non-Invest Funds | 05
Unit Linked Variable Funds | 10

Table of Fund TypeCodes

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