2 Policy

This topic provides information on Policy creation and maintenance.

After the products are defined in the system, you can accept requests for creating policies in the products, for Policy Holders. A Policy Holder can buy policies in any of the active products defined in the system.

A Policy, therefore, essentially is an investment into the underlying portfolios of the Product, and the creation of a Policy lays down the profile or guidelines of the desired pattern of investment by a Policy Holder into a Product.

Note:

Policies can be created through the Agency Branch component only.

The Policy Maintenance Detail screen allows you to capture the details of a Policy.

This topic contains the following sub-topics:

• Process Policy Maintenance Detail
  This topic provides the steps you need to follow to create a Policy.
• Policy Maintenance Summary
  This topic provides the systematic instructions to perform the basic operations on the selected records.
• Ratio Percentage Maintenance
  This topic provides the information on Ratio Percentage Maintenance.
• Process Policy Transaction Exchange Rate Enrichment
  This topic provides the systematic instructions to invoke Policy Transaction Exchange Rate Enrichment.
• Process FCIS Interest Rate Maintenance Detail
  This topic provides the systematic instructions to maintain the interest rate that is to be used for interest calculation.
• FCIS Interest Rate Maintenance Summary
  This topic provides the systematic instructions to perform the basic operations on the selected records.
• Process Authorization Screen
  This topic provides the systematic instructions to perform authorization.
• Process Policy Authorization Screen
  This topic provides the systematic instructions to authorize policy transactions.
• Process Policy Reversal Detail
  This topic provides the systematic instructions to reverse the policy.
• Policy Reversal Summary
  This topic provides the systematic instructions to perform the basic operations on the selected records.
• Process Policy SI Summary
  This topic provides the systematic instructions to view, reverse, delete or authorize a policy transactions.