Page Comparison

Usage

• Purpose

Make changes to policy by redo the quotation and generate a new policy

Make financial changes to policy without redo the quotation and keep the original policy

• Time consuming

Slow

Fast

Quotation

Yes

No

Allowed Changes

• Non financial changes (policyholder info, insured object info)

Yes

No

• Financial changes (add/remove cover, update cover period, sum insured)

Yes

Yes

• Terminate policy

No

(Terminate is a separate feature)

Yes

Generated Document

New policy

Endorsement documents

(as an appendix attached to policy)