Definition: Net equity of households in life insurance reserves and in pension funds

SNA 1993

Net equity of households in life insurance reserves and in pension funds consists of reserves held against life insurance and annuity policies by insurance enterprises, whether mutual or incorporated, and by pension funds; these reserves are considered to be assets of the policyholders and not of the institutional units that manage them. http://ec.europa.eu/eurostat/ramon/statmanuals/files/SNA_1993_EN.pdf