Covers tab
- Samantha Tran: Insurance-VN
I. Introduction
The Covers tab gives you the ability to manage all the covers of a product, as well as update or add a cover. There are 2 menus on the screen: the left-side menu shows all the covers and the right-side menu shows the selected cover details.
II. List of covers
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 |
III. Cover details
1. Cover information
Field | Description |
|---|---|
Cover Name | Name of the cover, and it must be unique comparing with other covers in your product The Cover Name must exclude blank and special characters as %, *, etc. |
Cover ID | The ID of the cover, must be numerical field |
Display Name | Display name of the cover, and it must be unique comparing with other covers in your product The display name will be displayed on Seamless |
Description | Description of your cover |
Displaying Order | TBD |
Industry Code | TBD |
Reporting Code | TBD |
When is this cover active?
| The condition to select the cover in a policy.
|
2. Cover limit and deductible
a. Cover limit
Field | Description |
|---|---|
Limit Type |
|
Value Type |
|
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. Cover deductible
Field | Description |
|---|---|
Deductible Type |
|
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 cover |
Maximum Deductible Amount Question | A question to capture the maximum deductible that can has in a cover |
Deductible Time From Question | A question to capture the deductible time |
Deductible type = Amount | |
Value Type |
|
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) |
|
3. Cover tariff
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? | There are 4 options for you to calculate your tax
|
Tax Name | Name of your tax |
Lookup Name |
|
Key Question | This field won’t be displayed when your tax is calculated as Calculate rate with premium
|
Period Question | This field is only displayed when your tax is calculated as Get tax from global lookup. Seamless will base on the period to get the correct tax value |
5. Proposed JSON
This JSON is generated from the information above that you have updated
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