The following steps must be followed in order to add a Funeral Benefit:
- Add benefit product
- Add scale of benefits
- Add benefit events
- Add membership groups
- Link “purpose”
- Insert products
Homepage > Products >
Select List from the top menu.
Select a product from the JU1BK List screen.
Select UPDATE from the menu on the right.
Select Product Update Type: Benefit Rules and click PROCESS UPDATE.
The BACJ BSV Maintain screen is displayed.
For detailed information, refer to
Product Launch Requirements
Product Update
Product Update Type: Benefit Product (Standard Benefit Rules)
Product Update Type: Benefit Product (Flexible Benefit Rules)
Select Benefit Product from the sub-menu on the left.
The BAGA Benefit Product List screen will be displayed.
Click NEW to add a Product.
The BAGA Benefit Product Details screen is displayed.
Capture the following details:
|
Description |
This description will appear on the BENEFIT STATMENT |
|
Maximum Benefit Amount |
If applicable |
|
Underwriter |
Flow to the list of Underwriters and select one |
|
Type of Benefit |
Flow to a list of Benefit Products (select FUN) |
|
Formula Type |
AMOUNT |
|
Formula Applied To |
NONE (select the 2nd NONE in the list) |
|
Type of Scale |
AGE |
Click OK to save the Product.
For detailed information, refer to Scale of Benefits under
Product Launch Requirements
Product Update
Product Update Type: Benefit Product (Standard Benefit Rules)
Product Update Type: Benefit Product (Flexible Benefit Rules)
Highlight the Funeral Benefit and select Scale of Benefits from the menu on the left.
Click NEW to add the Scale.
The BAGB Scale of Benefit Details screen will be displayed.
Always start from the youngest age.
Complete the following fields:
- Amount
- From Year
- To Year
Click OK to save.
Click NEW to add the next age band.
For detailed information, refer to Benefit Event under
Product Launch Requirements
Product Update
Product Update Type: Benefit Product (Standard Benefit Rules)
Product Update Type: Benefit Product (Flexible Benefit Rules)
Product Update Type: Benefit Product (Flexible Benefit Rules)
On the BACJ BSV Maintain screen, select Benefit Event from the menu on the left.
The BADP Benefit Event Select screen will be displayed.
Click SEARCH to display the BADP Search Criteria screen and add the Benefit Events applicable for your product.
add the Benefit Events applicable for your product.
Insert the Death of Member event.
The Benefit Events must be linked to the Benefit Membership Groups and the Products.
Highlight the Event and select Benefit Package from the menu on the left.
The BADQ Benefit Event List screen will be displayed.
Select the Death of Member event from the list and select List Package from the sub-menu on the left.
The BADR Package List screen will be displayed.
Click NEW on the BADR Package List screen.
The BADS Package / Scheme Membership Group Allocation screen will be displayed.
Insert the Membership Groups that are entitled to a Death Benefit.
Note:
Use a matrix to determine the PURPOSE and the calculations you need to setup.
ü
For example:
Membership Group: STANDARD
|
|
GLA |
SHARE OF FUND |
FUNERAL |
|
BS |
ü |
ü |
ü |
|
QUOTE |
ü |
ü |
ü |
|
PAYABLE |
ü |
ü |
|
|
INSURED |
ü |
|
ü |
Link in all the purposes applicable.
Now that the purposes are listed, select each one and select Benefit Product / Package from the sub-menu on the left.
Insert the Benefit Products.
Refer to Define the benefit packages linked to each event under
Product Launch Requirements
Product Update
Product Update Type: Benefit Product (Standard Benefit Rules)
Product Update Type: Benefit Product (Flexible Benefit Rules)
Refer to Define the calculation for each benefit product under
Product Launch Requirements
Product Update
Product Update Type: Benefit Product (Standard Benefit Rules)
Product Update Type: Benefit Product (Flexible Benefit Rules)