Policy-Value Calculator Job Description
Work information, duties, and responsibilities of a policy-value calculator are the following:
1. Compiles and computes loan or surrender value of life insurance policy, using calculator, and rate books and tables: Computes amount payable to policyholder who drops insurance, allows insurance to lapse, or requests loan on policy, considering factors, such as unclaimed dividends, premiums paid in advance, length of time held, and principal sum, using calculator. 2. Records values on sheet for preparation of correspondence to policyholder and entry onto master file. 3. When working on dropped policies and policyholder requests full cash value, is known as Cash-Surrender Calculator. 4. When working on dropped policies and policyholder does not request full cash value, prorates cash value to determine time policy may be kept in force and is known as Extended-Insurance Clerk. 5. When working on policy loans, calculates repayments, using interest tables, and is known as Policy-Loan Calculator. 6. May specialize in data related to pension plans and life insurance, such as premiums, dividends, retirements, and death benefits, and be designated Calculation Clerk. 7. May verify and recompute calculations made by other workers and be designated Calculation Reviewer.
Policy-Value Calculator Job Salary in Dubai, UAE
The salary for a policy-value calculator in Dubai, UAE, may vary depending on the work location and the hiring company. Some employers or companies pay a good salary, while others prefer to offer you a market-standard salary for this job. We suggest not to focus much on the salary but to pay attention to the career growth, working environment, benefits, and cost of living while applying for a job.
Suggestion When Applying For This Job
To better qualify for the job of policy-value calculator, it is good that you have at least 1-2 years of minimum experience related to this job before you apply. Also, you must be knowledgeable about the job and ensure that you meet the necessary qualifications needed by the company. If you have those requirements, you can apply online with confidence and submit your CV.
Where To Apply For Policy-Value Calculator Job in Dubai, UAE
If you're interested in working as a policy-value calculator, then we suggest that you look for and apply for this kind of job online. The link below will take you to our partner's job posting for policy-value calculator.