3 Product

This topic explains how to maintain Products under which a customer would buy a Policy.

Each of the Life and Endowment Products that the Life and Endowment Company provides to the Policy Holders must be defined in the Oracle FLEXCUBE Investor Servicing (FCIS) system. The Policy Holders buy policies in any of these products depending upon their need and requirements.

Note:

Products can be defined through the Fund Manager component only.

The Product Maintenance Detail screen allows you to capture the generic characteristics of the Product you wish to maintain.

This topic contains the following sub-topics:

• Process Product Maintenance Detail
  This topic provides the steps you need to follow to define a Product.
• Product Details Tab
  This topic explains the Product Details tab of Product Maintenance Detail screen.
• Additional Investments Tab
  This topic explains the Additional Investments tab of Product Maintenance Detail screen.
• Bank Details Tab
  This topic explains the Bank Details tab of Product Maintenance Detail screen.
• Withdrawals Tab
  This topic explains the Withdrawals tab of Product Maintenance Detail screen.
• Portfolio Mapping Tab
  This topic explains the Portfolio Mapping tab of Product Maintenance Detail screen.
• Premium and Annuity Details Tab
  This topic explains the Premium and Annuity details tab of Product Maintenance Detail screen.
• Loan and Funding Details Tab
  This topic explains the Loan and Funding details tab of Product Maintenance Detail screen.
• Income Distribution Rule Tab
  This topic explains the Income Distribution Rule tab of Product Maintenance Detail screen.
• Transaction Currency Tab
  This topic explains the Transaction Currency tab of Product Maintenance Detail screen.
• Regulations Tab
  This topic explains the Regulations tab of Product Maintenance Detail screen.
• Regulation 28 Parameters Tab
  This topic explains the Regulation 28 Parameters tab of Product Maintenance Detail screen.
• Product Summary
  This topic provides the systematic instructions to perform the basic operations on the selected records.
• Process Product Transaction Sub Type Mapping Detail
  This topic provides the systematic instructions to map Product and Transaction Sub Type.
• Product Sub Type Mapping Summary
  This topic provides the systematic instructions to perform the basic operations on the selected records.
• Process Product Annual Annuity Limit Detail
  This topic provides the systematic instructions to define lower and upper annuity income percentage.
• Product Annual Annuity Limit Summary
  This topic provides the systematic instructions to perform the basic operations on the selected records.