Multi Policy Bundle Discount Percent Calculator
Reconcile actual separate policy quotes, independently supplied per-policy bundle discounts and fixed fee; exact per-policy money rounding, signed savings, not universal bundle credit or coverage equivalence.
Description
Bundle savings compare separate premiums with individually rounded discounts and a fixed annual fee.
Bundle savings compare separate premiums with individually rounded discounts and a fixed annual fee. Fees can make net savings negative.1
The returned values include Rounded policy bundle discount minor, Net annual bundle saving minor, Bundled annual total minor. The How section below explains the calculation, input rules and interpretation.
When to use Multi Policy Bundle Discount Percent Calculator
Use Multi Policy Bundle Discount Percent Calculator when you need to evaluate the supplied records under the calculation and evidence rules below. No universal bundle credit or coverage-equivalence assumption is supplied.
Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.
How to use Multi Policy Bundle Discount Percent Calculator and understand its results
- Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.
- Enter callerSeparatePolicyAnnualPremiumMinor, callerBundleDiscountBasisPoints, callerBundleFixedAnnualFeeMinor using the field table and calculation rules, then run the tool.
- Read roundedPolicyBundleDiscountMinor, netAnnualBundleSavingMinor, bundledAnnualTotalMinor. The explanation below defines the units, signs, ordering and any flags or placeholder values.
- If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.
| Input field | Meaning | Value type; see rules below | Requirement |
|---|---|---|---|
| callerSeparatePolicyAnnualPremiumMinor | Caller separate policy annual premium minor | list of number | Required |
| callerBundleDiscountBasisPoints | Caller bundle discount basis points | list of number | Required |
| callerBundleFixedAnnualFeeMinor | Caller bundle fixed annual fee minor | number | Required |
Enter aligned nonempty integer premiums 0–10¹² and integer discount basis points 0–10000, plus integer fee 0–10¹². Round each policy discount separately and return discounts, signed saving and bundled total.
discount_i=roundMinor(premium_i×bps_i/10000); saving=sum(discount)−fee; bundled=sum(premium)−sum(discount)+fee Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.
| Output field | Meaning | Value type |
|---|---|---|
| roundedPolicyBundleDiscountMinor | Rounded policy bundle discount minor | list of number |
| netAnnualBundleSavingMinor | Net annual bundle saving minor | number |
| bundledAnnualTotalMinor | Bundled annual total minor | number |
{
"input": {
"callerSeparatePolicyAnnualPremiumMinor": [
10000,
20000
],
"callerBundleDiscountBasisPoints": [
1000,
500
],
"callerBundleFixedAnnualFeeMinor": 100
},
"output": {
"roundedPolicyBundleDiscountMinor": [
1000,
1000
],
"netAnnualBundleSavingMinor": 1900,
"bundledAnnualTotalMinor": 28100
}
}Limitations and assumptions
No universal bundle credit or coverage-equivalence assumption is supplied.
Numeric inputs, where present, must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Numeric lists are limited to 10,000 entries; string lists to 128 strings of at most 128 characters each. The rules above may impose smaller limits. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors.
Alternative or Complementary methods
Use Security Alarm Discount Percent Lookup: An alarm credit requires verified certification under the selected premium schedule. Catalog rate lookup still occurs when evidence is absent. For a complementary task, use Deductible Premium Tradeoff Breakeven Years Calculator: A simple deductible tradeoff compares added claim exposure with annual premium savings. A no-claim horizon does not encode claim probability.
References
Similar or alternative tools
- Security Alarm Discount Percent Lookup
An alarm credit requires verified certification under the selected premium schedule. Catalog rate lookup still occurs when evidence is absent.
- Deductible Premium Tradeoff Breakeven Years Calculator
A simple deductible tradeoff compares added claim exposure with annual premium savings. A no-claim horizon does not encode claim probability.