The Legal Entity that is the broker of the product
The associated reseller
The appointed administrator of the insurance product
the appointed account manager of the product
The appointed claims adjuster of the product
Description of the insurance product.
The interest amount in a given month expressed in currency value.
The max term of the underlying loan e.g. a consumer loan with max 144 months.
The version of the product
Also called Point of Sale (POS) and is e.g. DM, TM, inbound, shop etc.
Term number for insurance product. The number that the terms and conditions document has (often ”Year+X).
URL to terms for insurance product.
The price that the consumer pays.
Premium Based On
The variable that the price of the insurance is calculated on e.g. % of monthly installment or % of the outstanding balance etc.
The premium kept by the product supplier
The payment interval
The percentage value offered in commission for resellers.
The retention percentage
The percentage value for tax
The percentage for profit share
The currency of the insurance product
A value that can identify the insurance product for an external system.
A free text comment
Custom parameters. For example if a car insurance policy is created and the brand of the car should be stored and the production year the contents of this property could be "brand: Ford" and "Year: 2016".
This value can be either "Direct" or "Third Part"
Start date for the insurance product.
End date for the insurance product.
Period Of Notice
Period of notice for the insurance product. Periods until termination.
Associate Insurance Cover
To be able to associate an insurance cover there has to be an insurance cover in the system with the status Open.
Click on the program in the list.
A new tab opens up containing information about the insurance program. Click on Yes in the dialog box.
Select an insurance coverage.
To add another coverage, click on the create icon .