3.3 Additional Investments Tab

This topic explains the Additional Investments tab of Product Maintenance Detail screen.

  1. On Product Maintenance Detail screen, click Additional Investments tab to enter the details.
    The Additional Investments details are displayed.

    Figure 3-3 Product Maintenance Detail_Additional Investments Tab


    Description of Figure 3-3 follows
    Description of "Figure 3-3 Product Maintenance Detail_Additional Investments Tab"

  2. On Additional Investments tab, specify the fields.
    For more information on fields, refer to the field description below,

    Table 3-3 Additional Investments - Field Description

    Field Description
    Additional Investments

    Mandatory

    Select Yes option to indicate the Policy Holder can make an additional investment in a policy in this product.

    Note: The other fields in this screen will be enabled only if you select this option.

    Additional Investments Allowed?

    Mandatory

    Select Yes option to indicate the Policy Holder can make an additional investment in a policy in this product.

    Note: The other fields in this screen will be enabled only if you select this option.

    Step Amount

    Numeric; 18 Characters; Optional

    Enter a value that indicates the steps of initial investment amount in which a Policy Holder can invest to subscribe to a policy in this Product.

    For instance, it could be that some products support only steps of 500 currency units while some other will support steps of 100 currency units.
    Minimum Amount

    Numeric; 18 Characters; Optional

    Specify the minimum additional investment amount.
    Maximum Amount

    Numeric; 18 Characters; Optional

    Specify the maximum amount to which an additional investment can be made.
    Product InvLimit:

    In the Investment Limit section, you can enter information in the following fields:

    Fund Type

    Alphanumeric; 6 Characters; Mandatory

    Select the funds from the option list in which the Policy Holder can make an additional investment.

    You can specify the details of more than one fund by clicking Add icon, which adds a field wherein you can choose another fund.

    Description

    Display

    The system displays the description for the selected fund type.
    Investment Limit

    Numeric; 3 Characters; Mandatory

    For each fund, specify the ratio in which the additional investment is allowed to be made.

    Note:

    • The sum total of the ratio you enter, should add up to 100.
    • When a Policy Holder makes an additional investment in a policy, the system will calculate the holding in the funds belonging to the fund type for which you have specified an investment limit. If the current holdings plus the new investment exceed the investment limit you have specified, the system will not allow the Policy Holder to make an additional investment in funds belonging to this fund type.

Parent topic: Product