Page Comparison

Product reference

The reference of the product, must be unique between different products

Description

A short description of the product version

Currency

Each product can only have one currency.

• Seamless currently supports up to 11 currencies, which are: AUD, CAD, DKK, EUR, GBP, JPY, NOK, SEK, SGD, USD, and VND.

• When creating a new product version from scratch, the currency field is auto-selected or defaulted to the default currency that is configured in tenant settings.

• When cloning or copying from an existing product version, the currency field is copied from the source product version and is not affected by tenant settings.

Product limit

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Define the maximum limitation of the product. Can be defined as per claim event, or per insured period.

Product deductible

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Define the deductible of the product. Can be defined as amount, or % of damage

Payment options

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The payment options that can be used with the product. The options that are not defined in the product version can’t use when purchasing a quotation

• Note! There is a feature to manage this section, when you need to use but cannot see the field, please contact our support channel

• You can define up to 30 options per product

• Each product can have a % discount. This field is required. When you don’t want to define the % discount for a payment option then you can set it as 0

• You can add a new option by the Add button, or remove by the Remove button

  • When all the payment options are added in your product version then the Add button will be removed

Product commission (%)

Defines the default percentage at Product Commission that you can adjust during the quotation process.

• For product commission settings: Product commission configuration

Sales commission (%)

Defines the default percentage at Sales Commission that you can adjust during the quotation process.

Line of business

Defines the line of business that the product version belongs to (used for the MGA Binder feature).

• You can choose the predefined line of business in the dropdown

• Or can input a new line and click the line Add new line of business

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End date handling scheme

Defines the scheme of the renewal date. Two options:

• Annual: with this option, the next renewal date will be the date after the previous end date plus one year.

• Renewal Date Alignment: with this option, you need to specify the date and the month that you want to align the next renewal date for a customer.

Limit Type

• Per claim event

• Per insured period

Value Type

• Fixed value - the predefined value of the product.

  • For example, the insurance company always set the maximum sum insured as 10.000.000 and doesn’t depend on the policy sum insured

• Input - getting the value from a question tag. The maximum sum insured is defined as the sum insured of a policy

Limit amount

The predefined limit SI, numerical field

Note! This field only shows when the value type = Fixed value

Source Question

The question that is defining the limit SI

Note! This field only shows when the value type = Input

Limit (Free Text)

Deductible Type

• Amount

• % of damage

Deductible type = % of damage

Deductible % Question

A question to capture the deductible %

Minimum Deductible Amount Question

A question to capture the minimum deductible that can has in a policy

Maximum Deductible Amount Question

A question to capture the maximum deductible that can has in a policy

Deductible Time From Question

A question to capture the deductible time

Deductible type = Amount

Value Type

• Fixed value - the predefined value of the product.

  • For example, the insurance company always set the maximum deductible as 10.000.000 and doesn’t depend on the policy deductible.

• Input - getting the value from a question tag. The maximum deductible is defined in a policy

Limit amount

The predefined deductible, numerical field

Note! This field only shows when the value type = Fixed value

Source Question

The question that is defining the deductible

Note! This field only shows when the value type = Input

Limit (Free Text)