Life insurance premiums do not appear as such in the system of accounts. They
are divided into:
- premiums constituting a form of social contribution (they are paid to
social insurance schemes)
- individual life insurance premiums.
The former are included under the heading actual social contributions and the
latter are not treated as distributive transactions. Both categories of life
insurance premiums increase the insurance technical reserves which appear in the
financial account and in the balance sheet.