2.1.5 Beneficiary Details Tab

This topic explains the beneficiary details tab of Policy Maintenance Detail screen.

Specify the details of one or more beneficiaries, if any, for the Policy Holder in this section. A beneficiary could be an existing Unit Holder in the system or could be an external entity.

1. On Policy Maintenance Detail screen, click Beneficiary Details tab to enter the details.
   The Beneficiary details are displayed.

   Figure 2-6 Policy Maintenance Detail_Beneficiary Details Tab

   
   

   
   Description of "Figure 2-6 Policy Maintenance Detail_Beneficiary Details Tab"

   
   
2. On Beneficiary Details Tab, specify the fields.
   It is mandatory for you to maintain beneficiary details only if the option Beneficiary Details Mandatory has been checked for the underlying product. For more information on fields, refer to the field description table.

   Table 2-9 Beneficiary Details - Field Description

   Field	Description
   Beneficiary Details	This section displays the following details.
   Sequence Number	Display The system displays the sequence number.
   Existing UH	Mandatory Select Yes for existing Unit Holder. Else No.
   Beneficiary ID	Alphanumeric; 12 Characters; Mandatory If the beneficiary is an existing Policy Holder, you can invoke the same from the option list. Else, specify the same. You can also search for beneficiary ID by clicking Find UH button.
   Relationship	Alphanumeric; 40 Characters; Mandatory Specify the relationship of the beneficiary with the Policy Holder.
   Description	Display The system displays the description for the selected relationship code.
   Ratio	Numeric; 5 Characters; Mandatory Specify the percentage of the Policy Holder’s holdings that belongs to the beneficiary. The ratio should sum up to 100.
   Date of Birth	Date Format; Optional Enter the date of birth of the beneficiary.
   Type	Optional Specify whether the beneficiary is a primary or secondary holder from the drop-down list.
   Beneficiary For	Optional Select Ownership or proceeds from the drop-down list.
   Personal Details	This section displays the following details.
   First Name	Alphanumeric; 100 Characters; Optional Specify the first name of the beneficiary.
   Middle Name	Alphanumeric; 40 Characters; Optional Specify the middle name of the beneficiary.
   Last Name	Alphanumeric; 40 Characters; Optional Specify the last name of the beneficiary.
   Identification ID	Alphanumeric; 50 Characters; Optional Specify the identification details.
   Identification Type	Alphanumeric; 3 Characters; Optional Select the identification type from the option list.
   Address Details	This section displays the following details.
   Address	Alphanumeric; 255 Characters; Optional Specify the address of the beneficiary.
   City	Alphanumeric; 50 Characters; Optional Specify the city name of the beneficiary.
   Zip Code	Alphanumeric; 10 Characters; Optional Specify the zip code of the beneficiary.
   State or Country	Alphanumeric; 40 Characters; Optional Specify the state or country name of the beneficiary.
   Phone Number	Alphanumeric; 20 Characters; Optional Enter the phone number of the beneficiary.
   Fax Number	Alphanumeric; 20 Characters; Optional Enter the fax number of the beneficiary.
   E-Mail ID	Alphanumeric; 255 Characters; Optional Enter the e-mail ID of the beneficiary.
   Account Details	This section displays the following details.
   Bank	Alphanumeric; 12 Characters; Optional Specify the bank code of the beneficiary’s bank. You can select the same from the option list, if the bank code is a valid code in the system.
   Branch	Alphanumeric; 12 Characters; Optional Specify the branch of the selected beneficiary bank.
   Bank Name	Display The system displays the name of the selected bank code.
   Branch Name	Display The system displays the name of the selected branch code.
   Account Type	Alphanumeric; 1 Character; Optional Specify the account type.
   Account Number	Alphanumeric; 34 Characters; Optional Specify the account number.
   Account Currency	Alphanumeric; 16 Characters; Optional Specify the account currency.
   IBAN	Alphanumeric; 40 Characters; Optional Specify the International Bank Account Number (IBAN) of the account holder.