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You can define the scheme for handling renewal date with three four options:
Annual: The next renewal date will be one year after the previous end date.
Renewal Date Alignment: You need to specify the date and month to align the next renewal date for a customer.
Monthly: The next renewal date will be a set number of months after the previous end date.
Default Policy Period (Month): Specify the default number of months of the policy, and this option is only visible when the end date handling scheme is set to "monthly.
Annual Previous Month End: The renewal date will be the 1st day of the policy start month
For instance, if the policy start date is 20/10/2023 → the renewal start date will be 01/10/2024
You can set up the minimum policy period based on three permission levels. Users with the respective permissions can purchase policies with a period equal to or greater than their configured permission level.
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