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Action | Description |
|---|---|
View all | You can view all covers in your product in the left-hand menu |
Clone a cover   | You can clone the cover to a new cover. Clone means you create another new cover with exactly the same with your selected cover |
Remove a cover   | You can remove the cover of your product. Please note that you can't revert after removing the cover |
Add a new cover  | You can enter your cover name and click Add to add a new cover |
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2. Cover limit and deductible
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3. Cover tariff
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1 cover can have one or multiple terms. The tariff of a cover is calculated as
Term 1 (Base premium factor x selected questions factor) + Term 2 + Term 3 + ... Term n
Field | Description |
|---|---|
Term | A term is a combination of all factors, and a cover tariff is a combination of all terms. A cover must have at least one term, you can add a new term  You can also remove an unused term  |
Base Premium Factor | The base premium factor, it will be defined either in Alpha sheet or Beta sheet in the lookup. Lookup tab |
Selected Questions | The factor of a question, you can choose one or multiple questions (up to 10 questions per term) to multiply with the base premium factor. |
4. Cover tax
Your tax can include or exclude a tax. One cover can apply one tax only
Field | Description |
|---|---|
Does The Cover Applies Tax? | Yes or No |
How To Calculate Your Tax? |
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Tax Name | |
Lookup Name | |
Key Question | |
Period Question |