Accounting Glossary of Life Insurance

Group Credit Life Insurance (GCL) contracts value

An indicator defined by Lifenet. It is the value of future IFRS earnings for GCL stands for Group Credit Life Insuranse policies-in-force including future renewals as of the valuation date.

Footnotes

Lifenet started offering GCL in July 2023 for the first time since our business commencement. 

Related terms