General tab

I. Introduction

This tab includes information about the product version, such as description, lookup file, currency, product commission, sales commission, and line of business (used for the MGA Binder feature).

Field	Description
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	Define the maximum limitation of the product. Can be defined as per claim event, or per insured period.
Product deductible	Define the deductible of the product. Can be defined as amount, or % of damage
Payment options	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
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.

II. Set up product limit and product deductible

a. Setup product limit

Field	Description
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)

b. Setup product deductible

Field	Description
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)

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I. Introduction

II. Set up product limit and product deductible

a. Setup product limit

b. Setup product deductible

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