4 Policy Transactions-Switch

This topic provides information on Switch Transactions.

A Policy Holder can initiate any of the following transactions in a policy that he has purchased:

• Top Ups
• Partial or Full Redemption Transactions, known as Surrender Transactions
• Partial or Full Switch Transactions

Note:

Policy transactions can be carried out through the Agency Branch component only.

Policy Transactions can only be initiated into authorized policies for which the underlying initial investment transaction has already been generated. The policy transaction must be authorized before it becomes effective and the underlying transactions are generated.

This topic contains the following sub-topics:

• Process Policy Transaction-Switch Detail
  This topic provides the systematic instructions to enter and save a switch transaction.
• Policy Transaction-Switch Summary
  This topic provides the systematic instructions to perform the basic operations on the selected records.