Abstract: A method of managing an insurance scheme includes defining a plurality of categories of living expenses. Defining a plurality of life changing events. On the occurrence of a life changing event for an insured person of the scheme, at least partially subsidising expenses in the category of living expenses for the insured person or a nominated beneficiary of the insured person.

Abstract: A method and system for managing a retirement income fund includes recording a starting value of a retirement investment for an investor and calculating based on the starting value a guaranteed periodic income amount that the investor will receive for the rest of their life. A selection is received from the investor of at least one investment fund and of a periodic withdrawal amount. Based on the performance of the at least one investment fund, upper and lower parameters for the periodic withdrawal amount are calculated. The guaranteed periodic income amount is recalculated whereby if the selected periodic withdrawal amount is lower than the lower parameter then the guaranteed periodic income amount is increased, if the periodic withdrawal amount is higher than the upper parameter then the guaranteed periodic income amount is decreased and if the periodic withdrawal amount is between the upper and lower parameters then the guaranteed periodic income amount is left the same.

Abstract: An insurance plan implemented by a computer system receives an insured person's selection of an insured event and an insured amount to be paid on the occurrence of the insured event. Information is also received pertaining to an ancillary insured event and an ancillary amount to be paid on the occurrence of the ancillary insured event. Software calculates an increase in the ancillary amount to be paid on the occurrence of the ancillary insured event, the increase based on a ratio of the ancillary amount to the first insured amount. A premium is calculated using the first insured amount and the ancillary amount, and not the increase in the ancillary amount. Payment is made to the insured person if a first insured event has occurred, and is the increased ancillary payment amount if an ancillary insured event has occurred.

Abstract: A system for managing an insurance scheme includes a calculation module to, on the occurrence of an insured event for an insured person, calculate a subsidy for expenses for the insured person or a nominated beneficiary. The subsidy is calculated by accessing data defining a plurality of categories of expenses and determining for each category a spend amount. The spend amount is either an average historical spend amount over a period of time prior to the insured event or an actual spend amount for a period of time after the insured event. A percentage is then calculated using the insured person's participation with a wellness program. Finally, the amount of the subsidy is calculated by multiplying the percentage by the spend amount. A payment module effects payment of the subsidy to the insured person, the nominated beneficiary or a third party goods or services provider.

Abstract: A method of managing an insurance policy includes defining a plurality of mechanisms to protect an insured person from adverse financial outcomes. A selection of at least one of the plurality of mechanism is received from the insured person and stored the selection in a memory. On the occurrence of an insured event, the stored selection is retrieved and a basic insurance amount to be paid to the insured person based on an insurance policy of the insured person is calculated. The method then includes determining based on the stored selection of mechanisms if the insured person has suffered any adverse financial outcomes since the inception of the policy and if so then calculating a further financial protector amount to be paid to the insured person based on the stored selection of mechanisms. Finally, the basic insurance amount and further financial protector amount are paid to the insured person or their nominated beneficiary.

Abstract: Managing an insurance plan includes receiving data relating to a life insurance policy of an insured person, the life insurance policy relating to in the event of the insured person dying, paying a predetermined amount to beneficiaries nominated in terms of the life insurance policy. Data relating to the occurrence of an insured event to the insured person is received, the insured event being an event other than dying. On the occurrence of the insured event, data is transmitted, including an instruction to pay an amount of funds to the insured person and reducing the predetermined amount to be paid to the beneficiaries nominated in the terms of the life insurance policy upon the death of the insured person, by an amount related to the amount of funds paid to the insured person for the insured event.

Abstract: A system for managing an insurance scheme includes a benefit module to define at least one insured event for an insured person and to define at least one benefit to be paid out on the occurrence of one of the insured events. A calculation module alters the at least one benefit based on a) a time factor; and b) the life impact of the insured event on the insured person. An awards module, on the occurrence of the at least one insured event, provides the at least one altered benefit to the insured person.

Abstract: A method of managing an investment of a policyholder which corresponds to a sum assured is described. The invention has particular application to life insurance. The policyholder selects a basic sum assured, and a periodic basic premium corresponding to the basic sum assured is calculated. The basic sum assured is linked to one or more financial indices so that the value of the total sum assured increases or decreases with changes in the value of the indices. An additional premium is calculated based on the cost of the linking, and a composite periodic premium is calculated. By using derivative instruments, the policyholder's investment corresponds to the actual sum assured from inception of the policy, compared with conventional schemes which involve the periodic investment of the policyholder's contributions.

Abstract: A method and system for managing an investment on behalf of an investor includes a monitoring module to monitor the performance of an investment over a period of time, the investment being an investment managed by an investment manager on behalf of an investor. A comparator module compares the performance of the investment with the performance of other similar types of investments for the period of time and a fee performance module determines a fee refund payment to the investor in the event that the performance of the investment in the period of time falls by a predetermined level below similar funds ranked by performance. A payments module effects the extra payment from the investment manager to the investor.

Abstract: A system for managing an investment on behalf of an investor includes a monitoring module to monitor the performance of an investment over a predetermined period of time. A calculation module calculates an amount of tax owing based on the performance of the investment for the period of time. A payments module effects a payment to the investor wherein the payment is the amount of tax owing or a percentage of the amount of tax owing and wherein the payment is only effected if the investor does not withdraw the investment before the predetermined period of time.

Abstract: A method and a system for managing an investment on behalf of an investor includes a monitoring module to monitor the performance of an investment over a period of time, the investment being an investment managed by an investment manager on behalf of an investor. A comparator module compares the performance of the investment with the performance of other similar types of investments for the period of time and a booster module to determine an extra payment from the investment manager to the investor in the event that the performance of the investment is not as good as the performance of the other similar types of investments for the period of time. A payments module effects the extra payment from the investment manager to the investor.

Abstract: A system for managing an insurance scheme, the system including a benefit module to define at least one insured event for an insured person and to define at least one benefit to be paid out on the occurrence of one of the insured events. A monitoring module monitors the compliance of the insured person with a wellness program. A calculation module alters the at least one benefit based on the degree of participation of the insured person with the wellness programme and an awards module, on the occurrence of the at least one insured event, provides the at least one altered benefit to the insured person.

Abstract: A method, information processing system, and computer readable storage medium operate an insurance program to insure a performance bonus of an insured person against an insured event. A set of percentage bonus information is received. The set of performance bonus information indicates a percentage of an annual salary that is received by the insured person as a performance bonus in a predetermined prior period. In addition, a set of health program status information is received and associated with the insured person. At least the set of percentage bonus information and the set of health program status information are used to determine a portion or more of an annual salary of the insured person payable as an insured performance bonus in the event of the insured event.

Abstract: A method of managing an insurance policy includes defining a plurality of mechanisms to protect an insured person from adverse financial outcomes. A selection of at least one of the plurality of mechanism is received from the insured person and stored the selection in a memory. On the occurrence of an insured event, the stored selection is retrieved and a basic insurance amount to be paid to the insured person based on an insurance policy of the insured person is calculated. The method then includes determining based on the stored selection of mechanisms if the insured person has suffered any adverse financial outcomes since the inception of the policy and if so then calculating a further financial protector amount to be paid to the insured person based on the stored selection of mechanisms. Finally, the basic insurance amount and further financial protector amount are paid to the insured person or their nominated beneficiary.

Abstract: A method of managing an insurance policy includes storing in a memory a policy inception interest rate level which is an interest rate level payable on debt of the insured person. After the policy inception an interest rate level payable on debt of the insured person at that time is determined and compared with the inception interest rate level. If the determined interest rate level is higher than the inception interest rate level then a debt protector amount to be paid to the insured person is calculated and on the occurrence of an insured event the debt protector amount is paid to the insured person or their nominated beneficiary.

Abstract: A method of calculating a premium payable by an insured person on a life insurance policy uses the amount of claims made from a health insurance plan of the insured person and information regarding the general well-being and/or lifestyle of the insured person to calculate the premium payable. The premium is calculated using a base percentage amount which is then either increased or decreased. If the insured person has made few claims to the health insurance plan and they have taken positive steps to look after their health, they will be rewarded by a relatively lower premium on their life insurance policy.

Abstract: A method, information processing system, and computer readable storage medium operate an insurance program to insure a performance bonus of an insured person against an insured event. A set of percentage bonus information is received. The set of performance bonus information indicates a percentage of an annual salary that is received by the insured person as a performance bonus in a predetermined prior period. In addition, a set of health program status information is received and associated with the insured person. At least the set of percentage bonus information and the set of health program status information are used to determine a portion or more of an annual salary of the insured person payable as an insured performance bonus in the event of the insured event.

Abstract: A method of managing an insurance scheme includes defining a plurality of categories of living expenses. Defining a plurality of life changing events. On the occurrence of a life changing event for an insured person of the scheme, at least partially subsidising expenses in the category of living expenses for the insured person or a nominated beneficiary of the insured person.

Abstract: A system for managing an insurance scheme includes an event module for defining at least one insured event for an insured person. A calculation module calculates at least one benefit to be paid out on the occurrence of the at least one insured event wherein the amount of the at least one benefit is adjusted depending on the number of dependents of the insured person. Finally, an awards module, on the occurrence of the at least one insured event, provides the calculated at least one benefit to the insured person.

Abstract: A system for managing an insurance scheme includes a calculation module to, on the occurrence of an insured event for an insured person, calculate a subsidy for expenses for the insured person or a nominated beneficiary. The subsidy is calculated by accessing data defining a plurality of categories of expenses and determining for each category a spend amount. The spend amount is either an average historical spend amount over a period of time prior to the insured event or an actual spend amount for a period of time after the insured event. A percentage is then calculated using the insured person's participation with a wellness programme. Finally, the amount of the subsidy is calculated by multiplying the percentage by the spend amount. A payment module effects payment of the subsidy to the insured person, the nominated beneficiary or a third party goods or services provider.