2.1.3 Additional Details Tab

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

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

    Figure 2-4 Policy Maintenance Detail_Additional Details Tab


    Description of Figure 2-4 follows
    Description of "Figure 2-4 Policy Maintenance Detail_Additional Details Tab"

  2. On Additional Details tab, specify the fields.
    For more information on fields, refer to the field description table.

    Table 2-7 Additional Details - Field Description

    Field Description
    Maximum Annual Contribution

    Numeric, 30 Characters; Optional

    Specify the maximum amount that the Policy Holder can invest annually in a Policy in this Product. This amount includes top ups, if any. The amount displayed is the amount specified for the Product. You can change the same for the Policy.
    Minimum Withdrawal

    Numeric, 30 Characters; Optional

    This field will be enabled if you have specified the Withdrawal Limit Mode as Amount. Specify the minimum amount that a Policy Holder can be withdraw from the holdings.
    Maximum Withdrawal

    Numeric, 30 Characters; Optional

    This field will be enabled if you have specified the Withdrawal Limit Mode as Amount.

    Specify the maximum amount that a Policy Holder can be withdraw from the holdings.
    Limit Percentage

    Numeric; 5 Characters; Optional

    This field will be enabled if you have specified the Withdrawal Limit Mode as Percentage.

    Specify the maximum withdrawal in terms of a percentage, that a Policy Holder can be withdraw from the holdings.
    Additional Investments Allowed

    Mandatory

    This option indicates whether or not the Policy Holder can make an additional investment in a Policy. The option you have specified for the Product will be defaulted here.

    Note: You will be allowed to uncheck this box if it is checked. You will, however, not be allowed to check this box if it is unchecked.

    Minimum Additional Investment

    Numeric, 30 Characters; Optional

    Specify the minimum additional investment amount that a Policy Holder should make (if the option Additional Investments Allowed has been selected for the Policy Holder).

    Maximum Additional Investment

    Numeric, 30 Characters; Optional

    Specify the maximum additional investment amount that a Policy Holder should make (if the option Additional Investments Allowed has been selected for the Policy Holder).

    Add. Investment Step Amount

    Numeric, 30 Characters; Optional

    Specify the step amount for an additional investment.
    Minimum Annual Withdrawal

    Numeric, 30 Characters; Optional

    If the withdrawals are allowed at the Product level then the minimum amount that customer needs to withdraw annually can be specified here while creating a Policy. This will override the amount set at the Product level. The amount set at the product level will be shown here after user selects the Product.
    Participating Employer

    Alphanumeric; 12 Characters; Optional

    Specify the underlying policyholder’s employer. The option list displays all participating employers linked to the chosen product.
    Description

    Display

    The system displays the name of the selected participating employer.
    Remarks

    Alphanumeric; 255 Characters; Optional

    Specify remarks, if any.
    Auto Clear Provisional Balance

    Mandatory

    This field indicates whether 100% outflow transactions include provisionally allotted units. The option specified for the product, in the Product Maintenance Detail screen, will be defaulted. However, you can change the defaulted option. You can specify any of the following options:
    • Option not allowed: Provisionally allotted units should not be considered while processing 100% outflow transactions.
    • Allowed – Default checked: Provisionally allotted units should be considered while processing 100% outflow transactions by default.
    • Allowed – Default unchecked: Provisionally allotted units will not be considered while processing 100% outflow transactions by default. However, you can check this option while performing transactions.
    Auto Clear Reinvestments

    Mandatory

    This field indicates whether 100% outflow transactions include freeze held and reinvestment units. The option specified for the product, in the Product Maintenance Detail screen, will be defaulted. However, you can change the defaulted option.

    You can specify any of the following options:
    • Option not allowed: Freeze held/reinvestment units should not be considered while processing 100% outflow transactions.
    • Allowed – Default checked: Freeze held/reinvestment units should be considered while processing 100% outflow transactions by default.
    • Allowed – Default unchecked: Freeze held/reinvestment units will not be considered while processing 100% outflow transactions by default. However, you can check this option while performing transactions.

    Refer to the topic Maintain System Parameters for more details.

Parent topic: Process Policy Maintenance Detail