Endorse Policy

1. Introduction

Beside Adjust Policy, Seamless offers you another option to make changes to the policy. if you want to add, remove or update the covers but keep the original policy, this is the best choice for you.

Endorse Policy and Adjust Policy can not enabled at the same time. You should decide which feature is best fit with your business

a. Before you begin

• You need permission “Endorse policy” to do this.

2. Endorse a policy

1. Open a Policy

2. In Policy Detail page, click on Endorse

   Open

   

3. Endorse Policy dialog will open as below

   Open

   

2.1. Add Cover

1. In Endorse Policy dialog, select Add cover

2. List of available covers will be displayed

3. Select Endorsement Start Date, Endorsement End Date
   (Note: Today <= Endorsement Start Date < Endorsement End Date <= Policy End Date)

4. System will calculated the premium for each cover base on the period from Endorsement Start Date to Endorsement End Date

5. Tick on a cover that you want to add to policy

6. Click on Endorse

7. System will generate the installment for additional premium

8. When the installment is paid, newly added cover will be reflected in Cover Breakdown

2.2. Remove Cover

1. In Endorse Policy dialog, select Remove cover

2. List of removable covers will be displayed

3. Select Endorsement Start Date
   (Note: Today <= Endorsement Start Date < Policy End Date)

4. System will calculated the premium for each cover base on the period from Endorsement Start Date to Policy End Date

5. If auto pricing is not support, you need to input the Refund Amount

6. Tick on a cover that you want to remove from policy

7. Click on Endorse

8. System will generate the installment for refund amount

9. Period of removed cover will be shorten and reflected in Cover Breakdown

2.3. Terminate Policy

1. In Endorse Policy dialog, select Terminate policy

2. List of covers included in policy will be displayed and not allow user to select anyone

3. Select Endorsement Start Date
   (Note: Today <= Endorsement Start Date < Policy End Date)

4. System will calculated the premium for each cover base on the period from Endorsement Start Date to Policy End Date

5. If auto pricing is not support, you need to input the Refund Amount

6. Click on Endorse

7. System will generate the installment for refund amount

8. Policy termination will be effect in Endorsement Start Date

9. Period of covers included in policy will be shorten and reflected in Cover Breakdown

3. Endorse Policy vs Adjust Policy