Supplemental Data

Supplemental Data refers to the additional and contextual information applicable to only certain specific insurance contracts. This consists of group insurance details, policy schedules, policy funds, policy loans and policy conversions.

Group Policies

A group insurance contract is one which is agreed between insurance company and entity which sponsors the policy. This contract must be stored in one of the seven product processors. However, in general stage life insurance and stage health insurance, contracts will be referred in most of the use cases of group insurance.

Details of members of group insurance are stored in stage group insurance beneficiary details. This entity holds details of each member such as individual limits, individual usage, and identifiers such as card numbers, annual and per condition deductibles. In cases where such details are not available, aggregated numbers must be loaded in main contract entities. For the list of tables and mapping details, see Group Beneficiary Tables.

Policy Schedules

Policy Schedules refers to the agreed non-linear premium and benefit schedules associated with the insurance contracts. For the list of tables and mapping details, see Policy Schedules Table.

Policy and Funds

This holds investment of funds data of a given insurance contract where market risk of investment rests with Policyholder. There are two entities: policy fund details and policy fund allocation. Policy Funds provide funds-wise investment snapshot in time when policy fund allocation provide changes over time. When there is technically no restriction as these entities are connected by policy code to the main contract table, they are most commonly applicable to annuity contracts, life insurance contracts and retirement accounts. For the list of tables and mapping details, see Policy and Funds Tables.

Policy Loans

Some insurance policies allow policyholders to borrow from policy accumulations in terms of loans as per terms and conditions laid in the contract. Such loans are considered as a contract by itself in OIDF and must be loaded in stage loan contracts. This entity holds policy identifiers to link multiple loans taken under a given insurance policy. For the list of tables and mapping details, see Policy Loans Tables.

Policy Conversion

Policy Conversion refers to the privileged provisions provided in insurance contract whereby a policyholder to convert a term policy to a permanent policy that provides insurance for the rest of life.

For the list of tables and mapping details, see Policy Conversion Table.