12 December 2018

Mortality Studies of Malaysian

Assured Lives from 2011 to 2015
Summary Report

Life Insurance Association of Malaysia

(LIAM)
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

Contents
EXECUTIVE SUMMARY ............................................................................................................ 1

Appendices
Annexure 1: Males – All Ordinary and Unit Linked...................................................................... 7
Annexure 2: Males – Ordinary and Unit Linked With Medical Examination ................................. 8
Annexure 3: Males – Ordinary and Unit Linked Without Medical Examination ............................ 9
Annexure 4: Males – Ordinary and Unit Linked Without Underwriting ....................................... 10
Annexure 5: Females – All Ordinary and Unit Linked ............................................................... 11
Annexure 6: Females – Ordinary and Unit Linked With Medical Examination ........................... 12
Annexure 7: Females – Ordinary and Unit Linked Without Medical Examination ...................... 13
Annexure 8: Females – Ordinary and Unit Linked Without Underwriting ................................... 14
Annexure 9: Males – Raw and Graduated Rates for Ordinary and Unit Linked Without Medical
Examination ............................................................................................................................. 15
Annexure 10: Females – Raw and Graduated Rates for Ordinary and Unit Linked Without
Medical Examination ................................................................................................................ 18

Actuarial Partners i
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

EXECUTIVE SUMMARY

1) Actuarial Partners was appointed by LIAM to construct a new Mortality Table for the
period of 2011 to 2015. All life insurance companies operating in Malaysia have been
requested to submit the number of in-force policies as at the end of each calendar year
as well as the number of deaths during each calendar year from 2010 to 2015.

2) Data was first split to male and female, and then to medical, non-medical and non-
underwritten lives. Medical refers to life medically examined on entry. Non-medical refers
to life not medically examined on entry but satisfactory evidence of health has been
received. Non-underwritten refers to policies sold without underwriting.

3) A summary of all data considered in this study is shown in the following table:

Table 1.1: Summary of the Data

Males Females
Class of
Exposed to Exposed to
Business Deaths Deaths
Risk Risk

Ordinary and Unit

Linked Business
With Medical 1,730,178 6,205 1,332,027 2,885
Without Medical 14,055,077 26,830 13,322,541 14,372
Without Underwriting 226,339 506 272,645 343

Total 16,011,594 33,541 14,927,213 17,600

4) The aggregate numbers of exposed to risk for non-medical lives provide satisfactory
bases for the study. Therefore, the construction of the mortality table was based on the
non-medical mortality experience. The study is carried out based on lives with Death
coverage without Dread Disease.

5) The exposure is calculated using a census method. The age definition used is age
next birthday at 31 December for in-force and age next birthday at death for deaths.
Duration is defined as curtate. The formula used to calculate the initial exposed to risk
is as below;
For a particular calendar year Y:
Ex,r = (StartIf x,r + EndIf x,r + Death x,r)/2
Where:
Ex,r = Initial exposure at age x and duration r
StartIf x,r = In force at 1/Jan/Y at age x and duration r
EndIf x, r = In force at 1/Jan/Y+1 at age x and duration r
Death x,r = Actual death during Y at age x and duration r
Note: StartIf x,r and EndIf x,r comprise entirely different sets of lives.

Actuarial Partners 1
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

6) Table below shows the mortality experience and average age of non-medical male
lives with Ordinary and Unit Linked policies and subdivided by duration.

Table 1.2: Summary of the Male Mortality Experience by Duration

Duration Exposed Average Deaths Ratio of Actual

Of Policy to Risk Age Actual Expected1 to Expected2
(Years) (1) (2) (3) (4) (5)
Without Medical Examination
0 1,489,120 26.6 1,249 2,149 0.58
1 1,267,034 27.2 1,123 1,883 0.59
2 1,070,039 27.9 1,165 1,688 0.68
3 922,227 28.5 1,008 1,535 0.65
4+ 9,306,658 36.2 22,083 32,268 0.68
Total 14,055,077 33.2 26,628 39,524 0.67

1 The Expected number of deaths has been calculated by reference to the M1999-2003 (MO) table
2 Non-medical deaths at age less than 5 are excluded as there is no mortality rate for the corresponding ages in M1999-
2003 (MO) table.

7) Table 1.3 shows the non-medical mortality rates for the period under review, the non-
medical mortality rates for the 2006/2010 mortality study and the corresponding M9903
(MO) rates. The rates produced for M9903 (MO) were based on non-medical lives only
therefore the comparison made was against the non-medical experience.

Table 1.3: Comparison of Non-Medical Mortality Rates against 2006/10 Rates and M9903
(MO)

Age Rates of Mortality Ratios

Group Male* Male** M9903**
(1) Vs (2) (1) Vs (3)
2011/15 2006/10 (MO)
(1) (2) (3) (4) (5)
01 - 05 0.00019 0.00025 N/A (25%) N/A
06 - 10 0.00015 0.00017 0.00021 (11%) (28%)
11 - 15 0.00021 0.00026 0.00041 (18%) (49%)
16 - 20 0.00059 0.00061 0.00106 (3%) (44%)
21 - 25 0.00071 0.00081 0.00116 (13%) (39%)
26 - 30 0.00072 0.00090 0.00107 (20%) (32%)
31 - 35 0.00091 0.00089 0.00103 3% (12%)
36 - 40 0.00115 0.00136 0.00124 (16%) (7%)
41 - 45 0.00166 0.00172 0.00195 (4%) (15%)
46 - 50 0.00242 0.00285 0.00336 (15%) (28%)
51 - 55 0.00382 0.00446 0.00554 (14%) (31%)
56 - 60 0.00549 0.00676 0.00891 (19%) (38%)
61 - 65 0.00920 0.01106 0.01550 (17%) (41%)
66 - 70 0.01575 0.02145 0.02573 (27%) (39%)

Actuarial Partners 2
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

71 - 75 0.02722 0.03634 0.04178 (25%) (35%)

76 - 80 0.04776 0.05827 0.06470 (18%) (26%)
81 - 85 0.07875 0.06939 0.09797 13% (20%)
86 - 90 0.08274 N/A 0.14384 N/A (42%)
91 - 95 0.04630 N/A 0.21209 N/A (78%)
96 - 100 0.01274 N/A 0.29938 N/A (96%)
* Non-medical Male Ordinary and Unit Linked Lives
** Non-medical Male Ordinary Lives

The ratios in column (4) and (5) of Table 1.3 show that the mortality experience of non-
medical male lives during 2011 to 2015 is relatively lower than the non-medical male
mortality experience of the previous 2006/2010 study and the rates from M9903 (MO).

8) The mortality experience for female lives with Ordinary and Unit Linked policies
subdivided by duration is shown in the following table.

Table 1.4: Summary of the Female Mortality Experience by Duration

Duration Exposed Average Deaths Ratio of Actual

Of Policy to Risk Age Actual Expected1 to Expected2
(Years) (1) (2) (3) (4) (5)

Without Medical Examination

0 1,450,523 27.9 365 1,117 0.32
1 1,275,027 28.6 448 1,035 0.42
2 1,100,533 29.6 646 972 0.66
3 955,137 30.2 596 904 0.64
4+ 8,541,322 36.2 12,195 14,850 0.82
Total 13,322,541 33.6 14,250 18,878 0.75
1 The expected number of deaths has been calculated by reference to the M1999-2003 (FO) table
2. Non-medical deaths at age less than 5 are excluded as there is no mortality rate for the corresponding ages in M1999-
2003 (FO) table.

Actuarial Partners 3
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

9) Table 1.5 shows the non-medical mortality rates for the period under review and the
corresponding M9903 (FO) rates. The rates produced for M9903 (FO) were based on
non-medical lives only therefore the comparison made was against the non-medical
experience. A graph of these mortality rates is presented on the next page.

Table 1.5: Comparison of Non-Medical Mortality Rates against 2006/10 Rates and
M9903 (FO)

Rates of Mortality Ratios

Age
Female* Female** M9903**
Group (1) Vs (2) (1) Vs (3)
2011/15 2006/10 (FO)
(1) (2) (3) (4) (5)
01 - 05 0.00020 0.00021 N/A (6%) N/A
06 - 10 0.00010 0.00017 0.00017 (43%) (43%)
11 - 15 0.00011 0.00014 0.00022 (22%) (49%)
16 - 20 0.00026 0.00024 0.00031 7% (18%)
21 - 25 0.00019 0.00025 0.00034 (25%) (46%)
26 - 30 0.00025 0.00028 0.00037 (12%) (33%)
31 - 35 0.00040 0.00042 0.00048 (3%) (17%)
36 - 40 0.00059 0.00064 0.00066 (8%) (11%)
41 - 45 0.00086 0.00099 0.00104 (14%) (17%)
46 - 50 0.00134 0.00149 0.00173 (11%) (23%)
51 - 55 0.00197 0.00251 0.00287 (21%) (31%)
56 - 60 0.00316 0.00375 0.00479 (16%) (34%)
61 - 65 0.00561 0.00697 0.00810 (19%) (31%)
66 - 70 0.01118 0.01501 0.01384 (26%) (19%)
71 - 75 0.02340 0.02678 0.02313 (13%) 1%
76 - 80 0.04178 0.05325 0.03651 (22%) 14%
81 - 85 0.06906 0.06947 0.05618 (1%) 23%
86 - 90 0.10428 N/A 0.08332 N/A 25%
91 - 95 0.12250 N/A 0.12447 N/A (2%)
96 - 100 0.00930 N/A 0.17358 N/A (95%)
* Non-medical Female Ordinary and Unit Linked Lives
** Non-medical Female Ordinary Lives

The ratios in column (5) of Table 1.5 show the mortality rates of non-medical female lives
during 2011 to 2015 are significantly lower than the rates from M9903 (FO) except for
ages 71 to 90.

10) The construction of the mortality table was based on the non-medical mortality
experience for lives assured with curtate duration greater or equal to 2 years for
Ordinary Whole Life, Endowment and Unit Linked Insurance policies during the five
years ending 31 December 2015. Crude rates are derived based on the number of
deaths and exposure in each age and a few graduation methods are considered based
on the distribution of the crude rates.

Actuarial Partners 4
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

11) For Male, 4 graduation methods are used in order to come out with the graduated
rates namely Whittaker-Henderson, Heligman-Pollard, Cubic Spline and Coale Kisker
method as follows:
 Age 5 – 16: Whittaker method is used to smoothen up the volatile crude rates in
early ages. These ages are not credible and thus more weight is placed on
smoothness over goodness of fit.
 Age 17 - 23: Heligman-Pollard is then used as it can provide a smoother and a better
fit curve for the accident hump.
 Age 24 – 71: Cubic Spline method is used with the knot being placed at age 24, 52,
67 and 76. Cubic Spline is known for its ability to fit the curve nicely throughout
credible ages.
 Age 72 – 99: Coale Kisker method is used instead of common exponential method
as it can produce a smoother closure of a life table. The start age for Coale Kisker
method is set at age 73 with the target age of 115.

12) For Female, 3 graduation methods are used to produce the graduated rates which are
Heligman-Pollard, Cubic Spline and Coale Kisker as follows:
 Age 5 – 29: Heligman-Pollard is used for these ages as it produced a smooth curve
which fit quite nicely to the pattern of the crude rates. There is no accident hump
observed for Females and thus only 1 method is used to graduate the crude rates
from age 5-29.
 Age 30 – 75: Cubic Spline is used throughout credible ages (age 30-75) with knot
being placed at age 24, 47, 62 and 75.
 Age 76 – 99: Coale Kisker is also used for Female for a similar reason with start age
of 68 and target age of 120.

13) A few tests have been conducted to assess the smoothness, goodness of fit and
reasonableness of the graduated rates against the crude rates.

 For smoothness test, both Male and Female satisfy the first condition of Barnett’s
Rule of Thumb 86.2% of the time and 84.0% respectively.
 The goodness of fit of the graduated rates is assessed by comparing actual versus
expected. Both Male and Female are 100.1% and 101.2% respectively close to the
actual.
 Sign test is conducted to see the reasonableness of the graduated rates by testing
the difference between crude rates and graduated rates. For Male, 57.7% positive
sign and 42.3% negative sign whereas for Female, 54.6% positive sign and 45.4%
negative sign. Both are indicating the graduated rates are appropriate.
 A runs test was also conducted to see if the function fits well to the data set. The test
concluded that Male and Female graduated curve fit well to the data set with 95%
confidence.
 We have also calculated confidence interval along the crude rates by using
Garwood’s method to see whether the graduated rates are within a 95% confidence
interval. Both Male and Female graduated rates are 92.8% within the confidence
interval.

Actuarial Partners 5
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

14) The graduated mortality rates with age next birthday definition are as below.

GRADUATED RATES
AGE AGE AGE
MALE FEMALE MALE FEMALE MALE FEMALE
NEXT NEXT NEXT
1 0.00014 0.00013 34 0.00094 0.00043 67 0.01407 0.00958
2 0.00014 0.00013 35 0.00098 0.00046 68 0.01554 0.01110
3 0.00014 0.00013 36 0.00103 0.00050 69 0.01723 0.01289
4 0.00014 0.00013 37 0.00109 0.00054 70 0.01920 0.01500
5 0.00014 0.00013 38 0.00116 0.00059 71 0.02148 0.01744
6 0.00013 0.00013 39 0.00123 0.00063 72 0.02415 0.02026
7 0.00014 0.00013 40 0.00131 0.00068 73 0.02724 0.02348
8 0.00014 0.00013 41 0.00140 0.00074 74 0.03064 0.02714
9 0.00014 0.00013 42 0.00151 0.00079 75 0.03446 0.03126
10 0.00014 0.00014 43 0.00162 0.00086 76 0.03869 0.03316
11 0.00015 0.00014 44 0.00175 0.00092 77 0.04338 0.03764
12 0.00018 0.00014 45 0.00190 0.00099 78 0.04855 0.04263
13 0.00022 0.00015 46 0.00206 0.00106 79 0.05425 0.04817
14 0.00027 0.00015 47 0.00223 0.00114 80 0.06052 0.05431
15 0.00033 0.00016 48 0.00243 0.00122 81 0.06741 0.06109
16 0.00040 0.00018 49 0.00264 0.00132 82 0.07497 0.06856
17 0.00052 0.00020 50 0.00287 0.00143 83 0.08323 0.07676
18 0.00064 0.00021 51 0.00312 0.00156 84 0.09225 0.08576
19 0.00072 0.00021 52 0.00339 0.00170 85 0.10209 0.09558
20 0.00075 0.00021 53 0.00369 0.00187 86 0.11279 0.10629
21 0.00072 0.00021 54 0.00402 0.00207 87 0.12442 0.11792
22 0.00067 0.00021 55 0.00440 0.00230 88 0.13701 0.13053
23 0.00062 0.00021 56 0.00481 0.00256 89 0.15065 0.14416
24 0.00060 0.00022 57 0.00528 0.00286 90 0.16536 0.15885
25 0.00064 0.00023 58 0.00580 0.00319 91 0.18123 0.17463
26 0.00067 0.00024 59 0.00639 0.00357 92 0.19829 0.19155
27 0.00071 0.00025 60 0.00704 0.00400 93 0.21661 0.20961
28 0.00074 0.00027 61 0.00778 0.00448 94 0.23624 0.22886
29 0.00077 0.00028 62 0.00859 0.00501 95 0.25723 0.24931
30 0.00080 0.00030 63 0.00948 0.00563 96 0.27963 0.27096
31 0.00083 0.00033 64 0.01047 0.00636 97 0.30349 0.29382
32 0.00086 0.00036 65 0.01156 0.00724 98 0.32886 0.31787
33 0.00090 0.00039 66 0.01275 0.00830 99 0.35576 0.34311

Actuarial Partners 6
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

ANNEXURE 1

MORTALITY STUDIES OF MALAYSIAN ASSURED LIVES

FROM 2011 TO 2015

MALES - ORDINARY AND UNIT LINKED

IN FORCE
YEAR D0 D1 D2 D3 D4+ Total
2010 299,724 247,221 200,033 165,340 2,004,211 2,916,529
2011 328,952 265,421 220,544 178,236 2,037,003 3,030,156
2012 355,634 283,457 237,222 203,476 2,082,206 3,161,995
2013 337,010 306,951 253,331 219,268 2,142,981 3,259,541
2014 349,981 304,750 271,585 233,346 2,209,599 3,369,261
2015 352,893 305,248 263,096 243,962 2,266,011 3,431,210
Total 2,024,194 1,713,048 1,445,811 1,243,628 12,742,011 19,168,692

DEATH
YEAR D0 D1 D2 D3 D4+ Total
2011 321 281 217 237 5,275 6,331
2012 307 297 278 225 5,416 6,523
2013 295 268 287 261 5,696 6,807
2014 304 257 327 226 5,691 6,805
2015 412 295 287 262 5,819 7,075
Total 1,639 1,398 1,396 1,211 27,897 33,541

AVERAGE AGE
YEAR D0 D1 D2 D3 D4+ Total
2011 27.1 27.7 28.2 28.5 36.9 34.0
2012 27.3 27.8 28.5 28.6 37.2 34.1
2013 27.4 28.0 28.7 29.3 37.3 34.2
2014 27.6 28.3 28.9 29.5 37.5 34.4
2015 28.2 28.4 29.1 29.8 37.6 34.6
Total 27.5 28.1 28.7 29.2 37.3 34.3

EXPOSED TO RISK
YEAR D0 D1 D2 D3 D4+ Total
2011 314,498.5 256,461.5 210,397.0 171,906.5 2,023,244.5 2,976,508.0
2012 342,446.5 274,587.5 229,022.0 190,968.5 2,062,312.5 3,099,337.0
2013 346,469.5 295,338.0 245,420.0 211,502.5 2,115,441.5 3,214,171.5
2014 343,647.5 305,979.0 262,621.5 226,420.0 2,179,135.5 3,317,803.5
2015 351,643.0 305,146.5 267,484.0 238,785.0 2,240,714.5 3,403,773.0
Total 1,698,705.0 1,437,512.5 1,214,944.5 1,039,582.5 10,620,848.5 16,011,593.0

EXPECTED DEATH (M8388)

YEAR D0 D1 D2 D3 D4+ Total
2011 537.3 467.8 407.5 346.1 8,196.8 9,955.5
2012 589.8 497.3 449.5 373.9 8,649.9 10,560.4
2013 610.7 542.7 477.9 436.1 9,122.2 11,189.5
2014 632.1 577.9 520.1 466.8 9,646.8 11,843.7
2015 711.1 596.8 545.5 506.5 10,158.0 12,517.9
Total 3,081.0 2,682.5 2,400.4 2,129.4 45,773.7 56,067.0

ACTUAL/EXPECTED DEATH
YEAR D0 D1 D2 D3 D4+ Total
2011 0.53 0.56 0.51 0.66 0.64 0.63
2012 0.50 0.57 0.60 0.60 0.62 0.61
2013 0.46 0.47 0.60 0.58 0.62 0.60
2014 0.44 0.43 0.61 0.47 0.59 0.57
2015 0.51 0.47 0.50 0.51 0.57 0.56
Total 0.49 0.50 0.56 0.56 0.61 0.59

Actuarial Partners 7
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

ANNEXURE 2

MORTALITY STUDIES OF MALAYSIAN ASSURED LIVES

FROM 2011 TO 2015

MALES - ORDINARY AND UNIT LINKED WITH MEDICAL EXAMINATION

IN FORCE
YEAR D0 D1 D2 D3 D4+ Total
2010 25,469 24,981 17,853 14,150 244,252 326,705
2011 26,266 24,550 22,182 15,926 246,412 335,336
2012 27,967 23,546 22,321 20,551 248,768 343,153
2013 25,479 26,849 21,386 20,763 252,888 347,365
2014 31,040 24,952 24,945 20,219 258,236 359,392
2015 34,869 29,052 20,101 20,767 252,164 356,953
Total 171,090 153,930 128,788 112,376 1,502,720 2,068,904

DEATH
YEAR D0 D1 D2 D3 D4+ Total
2011 27 49 20 17 1,053 1,166
2012 26 26 30 25 1,089 1,196
2013 24 23 16 27 1,069 1,159
2014 24 19 34 22 1,128 1,227
2015 60 37 25 34 1,301 1,457
Total 161 154 125 125 5,640 6,205

AVERAGE AGE
YEAR D0 D1 D2 D3 D4+ Total
2011 31.8 30.6 29.5 30.7 44.6 41.0
2012 33.1 32.6 31.4 30.0 44.8 41.3
2013 34.6 34.1 33.4 32.2 44.8 41.7
2014 34.0 35.3 35.0 34.4 44.8 42.0
2015 32.7 34.7 36.3 35.9 45.2 42.2
Total 33.2 33.5 33.2 32.8 44.8 41.7

EXPOSED TO RISK
YEAR D0 D1 D2 D3 D4+ Total
2011 25,881.0 24,790.0 20,027.5 15,046.5 245,858.5 331,603.5
2012 27,129.5 24,061.0 22,266.5 18,251.0 248,134.5 339,842.5
2013 26,735.0 25,209.0 21,861.5 20,670.5 251,362.5 345,838.5
2014 28,271.5 25,910.0 23,182.5 20,502.0 256,126.0 353,992.0
2015 32,984.5 27,020.5 22,535.5 20,510.0 255,850.5 358,901.0
Total 141,001.5 126,990.5 109,873.5 94,980.0 1,257,332.0 1,730,177.5

EXPECTED DEATH (M8388)

YEAR D0 D1 D2 D3 D4+ Total
2011 74.5 69.8 54.8 44.7 1,984.8 2,228.5
2012 82.2 74.8 68.5 52.2 2,095.8 2,373.5
2013 88.8 83.1 74.1 69.6 2,196.3 2,511.9
2014 93.1 92.4 83.2 76.1 2,311.8 2,656.6
2015 101.7 95.4 89.7 82.0 2,418.0 2,786.9
Total 440.2 415.4 370.4 324.6 11,006.6 12,557.3

ACTUAL/EXPECTED DEATH
YEAR D0 D1 D2 D3 D4+ Total
2011 0.35 0.60 0.31 0.36 0.53 0.52
2012 0.32 0.32 0.41 0.48 0.52 0.50
2013 0.25 0.26 0.20 0.39 0.49 0.46
2014 0.24 0.19 0.41 0.29 0.49 0.46
2015 0.55 0.38 0.28 0.41 0.54 0.52
Total 0.35 0.34 0.32 0.38 0.51 0.49

Actuarial Partners 8
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

ANNEXURE 3

MORTALITY STUDIES OF MALAYSIAN ASSURED LIVES

FROM 2011 TO 2015

MALES - ORDINARY AND UNIT LINKED WITHOUT MEDICAL EXAMINATION

IN FORCE
YEAR D0 D1 D2 D3 D4+ Total
2010 267,712 216,911 176,248 147,173 1,748,504 2,556,548
2011 294,250 236,090 193,518 158,295 1,779,161 2,661,314
2012 306,008 253,980 210,731 179,910 1,822,818 2,773,447
2013 296,284 264,422 226,819 195,460 1,877,981 2,860,966
2014 307,205 269,459 232,997 208,873 1,940,139 2,958,673
2015 301,668 268,088 234,507 211,182 2,002,531 3,017,976
Total 1,773,127 1,508,950 1,274,820 1,100,893 11,171,134 16,828,924

DEATH
YEAR D0 D1 D2 D3 D4+ Total
2011 287 223 184 203 4,178 5,075
2012 266 266 244 192 4,295 5,263
2013 247 229 259 224 4,582 5,541
2014 268 211 275 189 4,542 5,485
2015 297 238 230 215 4,486 5,466
Total 1,365 1,167 1,192 1,023 22,083 26,830

AVERAGE AGE
YEAR D0 D1 D2 D3 D4+ Total
2011 26.5 27.1 27.6 27.7 35.8 33.0
2012 26.3 27.1 28.0 28.2 36.0 33.1
2013 26.4 27.0 28.0 28.8 36.2 33.2
2014 26.6 27.1 27.8 28.8 36.4 33.3
2015 27.1 27.4 28.0 28.7 36.6 33.6
Total 26.6 27.2 27.9 28.5 36.2 33.2

EXPOSED TO RISK
YEAR D0 D1 D2 D3 D4+ Total
2011 281,124.5 226,612.0 184,975.0 152,835.5 1,765,921.5 2,611,468.5
2012 300,262.0 245,168.0 202,246.5 169,198.5 1,803,137.0 2,720,012.0
2013 301,269.5 259,315.5 218,904.5 187,797.0 1,852,690.5 2,819,977.0
2014 301,878.5 267,046.0 230,045.5 202,261.0 1,911,331.0 2,912,562.0
2015 304,585.0 268,892.5 233,867.0 210,135.0 1,973,578.0 2,991,057.5
Total 1,489,119.5 1,267,034.0 1,070,038.5 922,227.0 9,306,658.0 14,055,077.0

EXPECTED DEATH (M9903)

YEAR D0 D1 D2 D3 D4+ Total
2011 393.2 337.8 293.7 249.6 5,703.6 6,978.0
2012 413.0 360.2 324.1 275.8 6,048.2 7,421.4
2013 421.4 374.0 345.3 323.0 6,420.1 7,883.9
2014 441.0 394.3 355.0 340.1 6,836.6 8,366.9
2015 480.8 416.9 369.6 346.5 7,259.9 8,873.8
Total 2,149.4 1,883.3 1,687.8 1,535.1 32,268.5 39,524.0

ACTUAL/EXPECTED DEATH
YEAR D0 D1 D2 D3 D4+ Total
2011 0.64 0.63 0.61 0.80 0.73 0.72
2012 0.62 0.71 0.74 0.69 0.71 0.71
2013 0.56 0.60 0.75 0.68 0.71 0.70
2014 0.56 0.52 0.76 0.55 0.66 0.65
2015 0.53 0.53 0.59 0.61 0.62 0.61
Total 0.58 0.60 0.69 0.66 0.68 0.67

Actuarial Partners 9
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

ANNEXURE 4

MORTALITY STUDIES OF MALAYSIAN ASSURED LIVES

FROM 2011 TO 2015

MALES - ORDINARY AND UNIT LINKED WITHOUT UNDERWRITING

IN FORCE
YEAR D0 D1 D2 D3 D4+ Total
2010 6,543 5,329 5,932 4,017 11,455 33,276
2011 8,436 4,781 4,844 4,015 11,430 33,506
2012 21,659 5,931 4,170 3,015 10,620 45,395
2013 15,247 15,680 5,126 3,045 12,112 51,210
2014 11,736 10,339 13,643 4,254 11,224 51,196
2015 16,356 8,108 8,488 12,013 11,316 56,281
Total 79,977 50,168 42,203 30,359 68,157 270,864

DEATH
YEAR D0 D1 D2 D3 D4+ Total
2011 7 9 13 17 44 90
2012 15 5 4 8 32 64
2013 24 16 12 10 45 107
2014 12 27 18 15 21 93
2015 55 20 32 13 32 152
Total 113 77 79 63 174 506

AVERAGE AGE
YEAR D0 D1 D2 D3 D4+ Total
2011 36.1 39.5 42.4 47.4 51.6 44.3
2012 35.4 39.2 40.9 42.0 51.0 41.5
2013 33.9 38.7 40.8 38.8 49.1 39.5
2014 35.9 37.1 40.4 40.8 46.9 39.9
2015 41.4 38.7 38.8 41.9 44.3 41.1
Total 36.4 38.4 40.3 42.3 48.6 41.0

EXPOSED TO RISK
YEAR D0 D1 D2 D3 D4+ Total
2011 7,493.0 5,059.5 5,394.5 4,024.5 11,464.5 33,436.0
2012 15,055.0 5,358.5 4,509.0 3,519.0 11,041.0 39,482.5
2013 18,465.0 10,813.5 4,654.0 3,035.0 11,388.5 48,356.0
2014 13,497.5 13,023.0 9,393.5 3,657.0 11,678.5 51,249.5
2015 14,073.5 9,233.5 11,081.5 8,140.0 11,286.0 53,814.5
Total 68,584.0 43,488.0 35,032.5 22,375.5 56,858.5 226,338.5

EXPECTED DEATH (M8388)

YEAR D0 D1 D2 D3 D4+ Total
2011 24.4 22.8 29.4 29.7 105.2 211.5
2012 47.4 22.4 23.1 19.5 103.2 215.6
2013 53.2 44.0 22.2 12.7 102.1 234.2
2014 50.1 48.6 44.2 17.4 94.3 254.6
2015 79.1 41.4 48.0 43.3 77.4 289.1
Total 254.1 179.2 166.9 122.5 482.3 1,205.0

ACTUAL/EXPECTED DEATH
YEAR D0 D1 D2 D3 D4+ Total
2011 0.29 0.35 0.44 0.57 0.42 0.42
2012 0.32 0.22 0.17 0.41 0.31 0.30
2013 0.43 0.36 0.54 0.63 0.44 0.44
2014 0.24 0.56 0.41 0.86 0.22 0.37
2015 0.70 0.48 0.67 0.30 0.41 0.53
Total 0.44 0.42 0.47 0.50 0.36 0.42

Actuarial Partners 10
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

ANNEXURE 5

MORTALITY STUDIES OF MALAYSIAN ASSURED LIVES

FROM 2011 TO 2015

FEMALES - ORDINARY AND UNIT LINKED

IN FORCE
YEAR D0 D1 D2 D3 D4+ Total
2010 291,745 254,156 206,828 164,284 1,729,775 2,646,788
2011 315,008 268,859 232,790 182,324 1,776,095 2,775,076
2012 340,286 282,773 245,860 216,112 1,841,585 2,926,616
2013 326,738 305,701 258,362 228,791 1,930,719 3,050,311
2014 351,580 305,390 277,348 240,249 2,022,723 3,197,290
2015 346,615 318,515 270,696 252,969 2,102,657 3,291,452
Total 1,971,972 1,735,394 1,491,884 1,284,729 11,403,554 17,887,533

DEATH
YEAR D0 D1 D2 D3 D4+ Total
2011 86 108 117 107 2,667 3,085
2012 105 107 162 145 2,835 3,354
2013 97 101 155 150 2,935 3,438
2014 109 138 180 155 3,280 3,862
2015 137 125 169 150 3,280 3,861
Total 534 579 783 707 14,997 17,600

AVERAGE AGE
YEAR D0 D1 D2 D3 D4+ Total
2011 28.6 29.5 30.0 30.0 36.3 33.9
2012 28.6 29.5 30.5 30.4 36.6 34.0
2013 28.8 29.6 30.5 31.3 36.8 34.3
2014 29.1 29.8 30.7 31.4 37.1 34.5
2015 29.7 29.9 30.8 31.6 37.3 34.8
Total 29.0 29.7 30.5 31.0 36.8 34.3

EXPOSED TO RISK
YEAR D0 D1 D2 D3 D4+ Total
2011 303,419.5 261,561.5 219,867.5 173,357.5 1,754,268.5 2,712,474.5
2012 327,699.5 275,869.5 239,406.0 199,290.5 1,810,257.5 2,852,523.0
2013 333,560.5 294,287.5 252,188.5 222,526.5 1,887,619.5 2,990,182.5
2014 339,213.5 305,614.5 267,945.0 234,597.5 1,978,361.0 3,125,731.5
2015 349,166.0 312,015.0 274,106.5 246,684.0 2,064,330.0 3,246,301.5
Total 1,653,059.0 1,449,348.0 1,253,513.5 1,076,456.0 9,494,836.5 14,927,213.0

EXPECTED DEATH (M8388)

YEAR D0 D1 D2 D3 D4+ Total
2011 297.4 280.9 253.4 208.2 3,638.1 4,678.0
2012 324.9 295.7 284.3 233.3 3,894.4 5,032.6
2013 341.7 320.8 298.4 280.1 4,175.3 5,416.2
2014 359.5 345.0 323.3 297.8 4,500.1 5,825.7
2015 405.7 361.7 342.6 324.8 4,821.2 6,255.9
Total 1,729.2 1,604.1 1,501.8 1,344.2 21,029.1 27,208.5

ACTUAL/EXPECTED DEATH
YEAR D0 D1 D2 D3 D4+ Total
2011 0.23 0.34 0.44 0.49 0.73 0.65
2012 0.27 0.32 0.54 0.58 0.72 0.65
2013 0.23 0.29 0.49 0.52 0.70 0.63
2014 0.26 0.36 0.51 0.50 0.73 0.65
2015 0.30 0.33 0.48 0.44 0.68 0.61
Total 0.26 0.33 0.50 0.50 0.71 0.64

Actuarial Partners 11
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

ANNEXURE 6

MORTALITY STUDIES OF MALAYSIAN ASSURED LIVES

FROM 2011 TO 2015

FEMALES - ORDINARY AND UNIT LINKED WITH MEDICAL EXAMINATION

IN FORCE
YEAR D0 D1 D2 D3 D4+ Total
2010 23,865 23,971 16,706 12,663 163,032 240,237
2011 23,660 23,642 21,651 14,666 166,747 250,366
2012 26,306 22,687 21,826 20,284 171,512 262,615
2013 23,863 25,907 21,076 20,513 179,000 270,359
2014 29,099 23,574 24,350 20,012 187,800 284,835
2015 32,088 27,942 19,297 20,514 184,741 284,582
Total 158,881 147,723 124,906 108,652 1,052,832 1,592,994

DEATH
YEAR D0 D1 D2 D3 D4+ Total
2011 7 14 6 10 483 520
2012 13 17 15 9 487 541
2013 8 7 12 19 507 553
2014 11 16 23 16 565 631
2015 7 7 11 21 594 640
Total 46 61 67 75 2,636 2,885

AVERAGE AGE
YEAR D0 D1 D2 D3 D4+ Total
2011 33.6 32.4 31.5 32.2 42.2 39.0
2012 35.2 34.5 33.5 31.9 42.4 39.5
2013 36.7 36.2 35.7 34.5 42.4 40.2
2014 36.4 37.5 37.3 36.7 42.5 40.6
2015 35.0 37.2 38.7 38.4 43.0 40.9
Total 35.4 35.6 35.4 35.0 42.5 40.1

EXPOSED TO RISK
YEAR D0 D1 D2 D3 D4+ Total
2011 23,766.0 23,813.5 19,181.5 13,669.5 165,131.0 245,561.5
2012 24,989.5 23,173.0 21,746.0 17,479.5 169,373.0 256,761.0
2013 25,088.5 24,300.5 21,457.0 20,408.0 175,509.5 266,763.5
2014 26,486.5 24,748.5 22,724.5 20,270.5 183,682.5 277,912.5
2015 30,597.0 25,761.5 21,829.0 20,273.5 186,567.5 285,028.5
Total 130,927.5 121,797.0 106,938.0 92,101.0 880,263.5 1,332,027.0

EXPECTED DEATH (M8388)

YEAR D0 D1 D2 D3 D4+ Total
2011 44.3 43.2 33.8 25.8 752.6 899.7
2012 50.4 47.3 44.1 32.3 808.6 982.8
2013 56.5 53.8 48.8 45.9 862.6 1,067.6
2014 60.1 60.9 55.9 51.1 925.7 1,153.7
2015 64.1 64.0 61.2 56.7 977.4 1,223.3
Total 275.4 269.1 243.8 211.8 4,327.0 5,327.0

ACTUAL/EXPECTED DEATH
YEAR D0 D1 D2 D3 D4+ Total
2011 0.14 0.23 0.12 0.35 0.64 0.57
2012 0.22 0.32 0.32 0.22 0.60 0.54
2013 0.12 0.13 0.23 0.41 0.59 0.51
2014 0.10 0.25 0.41 0.25 0.61 0.54
2015 0.06 0.11 0.18 0.37 0.60 0.52
Total 0.12 0.20 0.26 0.33 0.61 0.53

Actuarial Partners 12
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

ANNEXURE 7

MORTALITY STUDIES OF MALAYSIAN ASSURED LIVES

FROM 2011 TO 2015

FEMALES - ORDINARY AND UNIT LINKED WITHOUT MEDICAL EXAMINATION

IN FORCE
YEAR D0 D1 D2 D3 D4+ Total
2010 260,734 222,201 181,652 145,715 1,551,285 2,361,587
2011 281,931 239,374 203,630 162,341 1,593,938 2,481,214
2012 290,644 252,640 218,828 191,566 1,656,368 2,610,046
2013 287,250 260,919 230,545 204,968 1,735,675 2,719,357
2014 311,189 269,908 235,783 214,617 1,821,389 2,852,886
2015 297,860 281,693 241,170 216,971 1,904,423 2,942,117
Total 1,729,608 1,526,735 1,311,608 1,136,178 10,263,078 15,967,207

DEATH
YEAR D0 D1 D2 D3 D4+ Total
2011 79 91 103 92 2,137 2,502
2012 81 86 141 131 2,305 2,744
2013 77 82 140 124 2,405 2,828
2014 85 107 142 137 2,675 3,146
2015 101 112 146 120 2,673 3,152
Total 423 478 672 604 12,195 14,372

AVERAGE AGE
YEAR D0 D1 D2 D3 D4+ Total
2011 27.8 28.8 29.3 29.2 35.5 33.1
2012 27.5 28.7 29.8 29.9 35.8 33.3
2013 27.6 28.4 29.7 30.8 36.1 33.5
2014 28.0 28.5 29.4 30.6 36.4 33.7
2015 28.5 28.9 29.5 30.3 36.7 34.0
Total 27.9 28.6 29.6 30.2 36.2 33.6

EXPOSED TO RISK
YEAR D0 D1 D2 D3 D4+ Total
2011 271,372.0 230,833.0 192,692.5 154,074.0 1,573,680.0 2,422,651.5
2012 286,328.0 246,050.0 211,299.5 177,019.0 1,626,305.5 2,547,002.0
2013 288,985.5 256,820.5 224,756.5 198,329.0 1,697,224.0 2,666,115.5
2014 299,262.0 265,467.0 233,235.0 209,861.0 1,779,869.5 2,787,694.5
2015 304,575.0 275,856.5 238,549.5 215,854.0 1,864,242.5 2,899,077.5
Total 1,450,522.5 1,275,027.0 1,100,533.0 955,137.0 8,541,321.5 13,322,541.0

EXPECTED DEATH (M9903)

YEAR D0 D1 D2 D3 D4+ Total
2011 202.4 188.0 169.4 141.1 2,541.1 3,242.0
2012 206.6 199.1 190.5 161.5 2,729.1 3,486.8
2013 213.2 200.7 200.8 195.4 2,939.2 3,749.3
2014 233.8 213.0 200.7 203.5 3,188.3 4,039.4
2015 260.5 234.2 210.8 202.8 3,452.3 4,360.6
Total 1,116.5 1,034.9 972.2 904.4 14,850.0 18,878.0

ACTUAL/EXPECTED DEATH
YEAR D0 D1 D2 D3 D4+ Total
2011 0.31 0.45 0.60 0.65 0.84 0.76
2012 0.34 0.41 0.72 0.80 0.84 0.78
2013 0.30 0.37 0.67 0.62 0.82 0.75
2014 0.33 0.46 0.65 0.67 0.84 0.77
2015 0.34 0.47 0.67 0.58 0.77 0.72
Total 0.33 0.43 0.66 0.66 0.82 0.75

Actuarial Partners 13
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

ANNEXURE 8

MORTALITY STUDIES OF MALAYSIAN ASSURED LIVES

FROM 2011 TO 2015

FEMALES - ORDINARY AND UNIT LINKED WITHOUT UNDERWRITING

IN FORCE
YEAR D0 D1 D2 D3 D4+ Total
2010 7,146 7,984 8,470 5,906 15,458 44,964
2011 9,417 5,843 7,509 5,317 15,410 43,496
2012 23,336 7,446 5,206 4,262 13,705 53,955
2013 15,625 18,875 6,741 3,310 16,044 60,595
2014 11,292 11,908 17,215 5,620 13,534 59,569
2015 16,667 8,880 10,229 15,484 13,493 64,753
Total 83,483 60,936 55,370 39,899 87,644 327,332

DEATH
YEAR D0 D1 D2 D3 D4+ Total
2011 0 3 8 5 47 63
2012 11 4 6 5 43 69
2013 12 12 3 7 23 57
2014 13 15 15 2 40 85
2015 29 6 12 9 13 69
Total 65 40 44 28 166 343

AVERAGE AGE
YEAR D0 D1 D2 D3 D4+ Total
2011 38.8 42.1 43.9 47.1 51.9 45.9
2012 38.4 41.6 43.5 43.6 51.6 44.0
2013 37.0 41.3 43.0 41.1 50.3 42.3
2014 37.8 40.0 42.9 42.7 48.3 42.3
2015 42.3 40.7 41.7 44.3 45.6 42.9
Total 38.7 41.0 42.8 44.1 49.6 43.3

EXPOSED TO RISK
YEAR D0 D1 D2 D3 D4+ Total
2011 8,281.5 6,915.0 7,993.5 5,614.0 15,457.5 44,261.5
2012 16,382.0 6,646.5 6,360.5 4,792.0 14,579.0 48,760.0
2013 19,486.5 13,166.5 5,975.0 3,789.5 14,886.0 57,303.5
2014 13,465.0 15,399.0 11,985.5 4,466.0 14,809.0 60,124.5
2015 13,994.0 10,397.0 13,728.0 10,556.5 13,520.0 62,195.5
Total 71,609.0 52,524.0 46,042.5 29,218.0 73,251.5 272,645.0

EXPECTED DEATH (M8388)

YEAR D0 D1 D2 D3 D4+ Total
2011 16.7 18.7 23.2 20.0 79.1 157.8
2012 32.9 16.6 19.6 14.5 78.2 161.8
2013 36.2 33.1 17.0 9.6 78.8 174.7
2014 26.8 36.2 34.6 12.5 71.1 181.3
2015 40.0 25.5 37.3 34.5 54.0 191.2
Total 152.5 130.1 131.7 91.2 361.3 866.8

ACTUAL/EXPECTED DEATH
YEAR D0 D1 D2 D3 D4+ Total
2011 0.00 0.16 0.34 0.25 0.59 0.40
2012 0.33 0.24 0.31 0.34 0.55 0.43
2013 0.33 0.36 0.18 0.73 0.29 0.33
2014 0.41 0.41 0.40 0.16 0.56 0.45
2015 0.73 0.23 0.32 0.26 0.24 0.36
Total 0.41 0.31 0.33 0.31 0.46 0.39

Actuarial Partners 14
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

ANNEXURE 9
MALE - RAW AND GRADUATED RATES
ORDINARY AND UNIT LINKED WITHOUT MEDICAL EXAMINATION
MALE
AGE EXPOSURE CLAIMS RAW GRADUATED
1 - - 0.00000 0.00014
2 388 - 0.00000 0.00014
3 64,983 17 0.00026 0.00014
4 97,993 25 0.00026 0.00014
5 109,542 10 0.00009 0.00014
6 118,370 23 0.00019 0.00013
7 125,323 16 0.00013 0.00014
8 131,378 17 0.00013 0.00014
9 137,066 28 0.00020 0.00014
10 143,122 15 0.00010 0.00014
11 150,440 13 0.00009 0.00015
12 158,006 28 0.00018 0.00018
13 163,408 30 0.00018 0.00022
14 168,890 42 0.00025 0.00027
15 173,603 59 0.00034 0.00033
16 175,722 74 0.00042 0.00040
17 175,804 94 0.00053 0.00052
18 169,616 90 0.00053 0.00064
19 166,045 102 0.00061 0.00072
20 161,057 141 0.00088 0.00075
21 151,673 89 0.00059 0.00072
22 148,097 118 0.00080 0.00067
23 149,689 111 0.00074 0.00062
24 154,413 106 0.00069 0.00060
25 160,148 115 0.00072 0.00064
26 172,299 110 0.00064 0.00067
27 189,957 144 0.00076 0.00071
28 205,168 148 0.00072 0.00074
29 217,645 162 0.00074 0.00077
30 230,017 170 0.00074 0.00080
31 237,438 187 0.00079 0.00083
32 242,260 209 0.00086 0.00086
33 245,168 195 0.00080 0.00090
34 247,206 234 0.00095 0.00094
35 248,551 284 0.00114 0.00098
36 249,439 265 0.00106 0.00103
37 250,235 303 0.00121 0.00109
38 251,352 268 0.00107 0.00116
39 253,137 270 0.00107 0.00123
40 254,219 342 0.00135 0.00131
41 254,405 401 0.00158 0.00140
42 254,055 405 0.00159 0.00151
43 252,724 390 0.00154 0.00162
44 250,773 433 0.00173 0.00175

Actuarial Partners 15
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

MALE
AGE EXPOSURE CLAIMS RAW GRADUATED
45 246,061 459 0.00187 0.00190
46 241,918 487 0.00201 0.00206
47 238,653 536 0.00225 0.00223
48 234,772 540 0.00230 0.00243
49 229,119 619 0.00270 0.00264
50 221,949 635 0.00286 0.00287
51 214,864 684 0.00318 0.00312
52 206,912 730 0.00353 0.00339
53 197,520 762 0.00386 0.00369
54 186,451 810 0.00434 0.00402
55 154,067 681 0.00442 0.00440
56 136,253 624 0.00458 0.00481
57 124,191 651 0.00524 0.00528
58 112,604 631 0.00560 0.00580
59 100,234 607 0.00606 0.00639
60 86,097 560 0.00650 0.00704
61 74,081 564 0.00761 0.00778
62 65,610 563 0.00858 0.00859
63 57,781 524 0.00907 0.00948
64 50,062 536 0.01071 0.01047
65 42,579 482 0.01132 0.01156
66 35,525 488 0.01374 0.01275
67 29,399 442 0.01503 0.01407
68 24,408 358 0.01467 0.01554
69 20,283 355 0.01750 0.01723
70 17,247 355 0.02058 0.01920
71 15,235 360 0.02363 0.02148
72 13,496 345 0.02556 0.02415
73 11,627 314 0.02701 0.02724
74 9,683 278 0.02871 0.03064
75 8,122 286 0.03521 0.03446
76 6,672 254 0.03807 0.03869
77 5,403 256 0.04738 0.04338
78 4,339 226 0.05209 0.04855
79 3,475 178 0.05122 0.05425
80 2,767 168 0.06072 0.06052
81 2,103 177 0.08419 0.06741
82 1,607 100 0.06225 0.07497
83 1,271 121 0.09520 0.08323
84 981 68 0.06932 0.09225
85 744 62 0.08339 0.10209
86 545 44 0.08073 0.11279
87 353 37 0.10482 0.12442
88 247 28 0.11336 0.13701
89 187 7 0.03753 0.15065
90 143 6 0.04196 0.16536

Actuarial Partners 16
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

MALE
AGE EXPOSURE CLAIMS RAW GRADUATED
91 107 10 0.09390 0.18123
92 72 1 0.01389 0.19829
93 58 3 0.05172 0.21661
94 46 1 0.02174 0.23624
95 42 - 0.00000 0.25723
96 43 1 0.02353 0.27963
97 42 1 0.02381 0.30349
98 40 - 0.00000 0.32886
99 16 - 0.00000 0.35576

Actuarial Partners 17
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

ANNEXURE 10
FEMALE - RAW AND GRADUATED RATES
ORDINARY AND UNIT LINKED WITHOUT MEDICAL EXAMINATION
FEMALE
AGE EXPOSURE CLAIMS RAW GRADUATED
1 - - 0.00000 0.00013
2 310 - 0.00000 0.00013
3 59,396 21 0.00035 0.00013
4 89,017 13 0.00015 0.00013
5 99,387 15 0.00015 0.00013
6 107,078 13 0.00012 0.00013
7 112,891 14 0.00012 0.00013
8 117,503 9 0.00008 0.00013
9 121,752 12 0.00010 0.00013
10 126,898 9 0.00007 0.00014
11 133,086 15 0.00011 0.00014
12 139,698 12 0.00009 0.00014
13 144,159 23 0.00016 0.00015
14 148,522 14 0.00009 0.00015
15 152,177 17 0.00011 0.00016
16 153,330 38 0.00025 0.00018
17 152,660 38 0.00025 0.00020
18 145,444 42 0.00029 0.00021
19 140,003 30 0.00021 0.00021
20 133,375 39 0.00029 0.00021
21 123,452 26 0.00021 0.00021
22 120,365 20 0.00017 0.00021
23 122,417 18 0.00015 0.00021
24 128,010 28 0.00022 0.00022
25 136,974 25 0.00018 0.00023
26 153,108 30 0.00020 0.00024
27 176,646 44 0.00025 0.00025
28 197,283 50 0.00025 0.00027
29 213,977 49 0.00023 0.00028
30 230,206 67 0.00029 0.00030
31 241,564 71 0.00029 0.00033
32 248,522 90 0.00036 0.00036
33 254,030 87 0.00034 0.00039
34 258,066 119 0.00046 0.00043
35 262,157 143 0.00055 0.00046
36 264,433 145 0.00055 0.00050
37 266,772 132 0.00049 0.00054
38 268,626 161 0.00060 0.00059
39 270,949 171 0.00063 0.00063
40 271,533 183 0.00067 0.00068
41 269,871 185 0.00069 0.00074
42 266,351 214 0.00080 0.00079
43 260,711 213 0.00082 0.00086
44 253,064 240 0.00095 0.00092
45 243,045 254 0.00105 0.00099

Actuarial Partners 18
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

FEMALE
AGE EXPOSURE CLAIMS RAW GRADUATED
46 234,099 241 0.00103 0.00106
47 226,889 263 0.00116 0.00114
48 219,357 321 0.00146 0.00122
49 210,211 324 0.00154 0.00132
50 199,656 308 0.00154 0.00143
51 189,152 313 0.00165 0.00156
52 179,061 331 0.00185 0.00170
53 168,366 353 0.00210 0.00187
54 156,314 329 0.00210 0.00207
55 134,364 304 0.00226 0.00230
56 118,480 349 0.00295 0.00256
57 106,680 335 0.00314 0.00286
58 95,179 270 0.00284 0.00319
59 83,408 283 0.00339 0.00357
60 71,186 263 0.00369 0.00400
61 61,070 286 0.00468 0.00448
62 53,556 265 0.00495 0.00501
63 46,614 275 0.00590 0.00563
64 39,866 250 0.00627 0.00636
65 33,358 240 0.00719 0.00724
66 27,575 242 0.00878 0.00830
67 22,871 223 0.00975 0.00958
68 19,103 224 0.01173 0.01110
69 16,159 212 0.01312 0.01289
70 13,947 213 0.01527 0.01500
71 12,691 220 0.01734 0.01744
72 11,806 262 0.02219 0.02026
73 10,564 260 0.02461 0.02348
74 9,307 225 0.02418 0.02714
75 8,191 263 0.03211 0.03126
76 7,118 227 0.03189 0.03316
77 6,087 231 0.03795 0.03764
78 5,114 232 0.04537 0.04263
79 4,302 209 0.04858 0.04817
80 3,565 195 0.05470 0.05431
81 2,939 150 0.05104 0.06109
82 2,405 155 0.06446 0.06856
83 1,977 149 0.07537 0.07676
84 1,531 137 0.08948 0.08576
85 1,183 102 0.08622 0.09558
86 863 77 0.08922 0.10629
87 617 72 0.11669 0.11792
88 422 40 0.09479 0.13053
89 301 37 0.12313 0.14416
90 205 25 0.12225 0.15885

Actuarial Partners 19
Mortality Studies of Malaysian Assured Lives Life Insurance Association of Malaysia
from 2011 to 2015
SUMMARY REPORT

FEMALE
AGE EXPOSURE CLAIMS RAW GRADUATED
91 134 16 0.11940 0.17463
92 87 18 0.20690 0.19155
93 61 9 0.14876 0.20961
94 47 1 0.02151 0.22886
95 48 2 0.04211 0.24931
96 41 1 0.02469 0.27096
97 35 - 0.00000 0.29382
98 30 - 0.00000 0.31787
99 1 - 0.00000 0.34311

Actuarial Partners 20
 Actuarial Partners Consulting Sdn Bhd
(formerly known as Mercer Zainal Consulting Sdn Bhd)
Suite 17.02 Kenanga International
Jalan Sultan Ismail
50250 Kuala Lumpur
Tel: +603 2161 0433
Fax: +603 2161 3595
http://www.actuarialpartners.com/