Where a member opts for group insurance, they will receive the default cover as specified in the sub-fund.
Where a member has individually underwritten insurance, you can record details of the policies, benefits and premiums.
To add a policy and/or related benefits:
- Navigate to the member account record that you wish to add insurance details for.
- Click the Insurance icon in the vertical nav.
- Click the icon to add insurance details.
- Select whether to record an individually underwritten policy or default cover (fixed units or amount) from the Insurance Option picklist.
- For an individually underwritten policy, click the icon to complete details of the policy, policy owners and related benefits in their respective sub-tabs (required fields will appear in red).
- For default cover, the available cover types will appear by default. Complete the fields (required fields will appear in red). Alternatively, you can select to individually underwrite cover.
- Click Save.