Insurance
Individual Health Insurance Premium Written
Writing an individual health policy for a self-employed customer.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Premium Receivable (Individual Health) | Asset (+) | 2,400.00 | - |
| Written Premium — Individual Health | Revenue (+) | - | 2,400.00 |
💡 Accountant's Note
Individual health policies are more expensive per head than group schemes due to adverse selection risk. Medical underwriting (health declarations) is applied at inception.
Professional Excel Template
Get the automated version of this entry. Includes built-in IFRS checks, VAT calculators, and SAP-ready upload formats.
QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.