3.9 Income Distribution Rule Tab

This topic explains the Income Distribution Rule tab of Product Maintenance Detail screen.

You will be able to see this link only if, for the product, you have selected the option No against the field Reinvest IRA Income?.

As you have specified that the IRA income should not be reinvested, you will need to specify the income distribution. You are allowed to specify different distribution modes depending on the age of the Policy Holder.

1. On Product Maintenance Detail screen, click Income Distribution Rule tab to enter the details.
   The Income Distribution Rule details are displayed.

   Figure 3-9 Product Maintenance Detail_Income Distribution Rule Tab

   
   

   
   Description of "Figure 3-9 Product Maintenance Detail_Income Distribution Rule Tab"

   
   
2. On Income Distribution Rule tab, specify the fields.
   For more information on fields, refer to the field description table.

   Table 3-9 Income Distribution Rule - Field Description

   Field	Description
   Income Distribution Rule	This section displays the following details.
   Slab Sequence No	Numeric; 5 Characters; Mandatory Specify the sequence of the age slab.
   From Age and To Age	Numeric; 4 Characters; Optional Specify the ages between which the distribution mode you select will be applicable.
   Default Distribution Mode	Optional Select whether the dividend income distributed will be reinvested or paid out from the drop-down list. The option you select will be valid between the From Age and To Age you have specified. The options available in the drop-down list are as follows: Reinvestment into same Fund Payout
   Override Allow	Optional If you select the option Yes, you will be allowed to override the distribution mode that you have specified for the Policy Holder, through the Income Distribution Setup screen.