As per
the Directorate instructions, PLI/RPLi premium is segregated in First Year
Premium and Renewal Premium.
This
segregation happens on the basis of Date of Acceptance of the
policy.
In the
CashAccount also, the separate account heads are created by Treasury for First
Year Premium and Renewal Premium. Simultaneously, the separate account heads
are created for Other Than Premium, Rebate.
All these account heads get
created during the upgradation of Treasury Database
The
Other Than Premium head contains the amount for following
items:
Medical Fees, Fines
(Surcharge), Duplicate Fees, Miscellaneous Receipts.
Schedule is also modified to
create separate Schedule for First Year Premium, Renewal Premium on Receipts
side and Rebate schedule on Payment side.
At Point of Sale, on the basis of Date of Acceptance, the premium will be
segregated in First Year Premium and Renewal Premium.
Coming to Schedule Part, the HO
PLI/RPLI Premium data will be fetched from Tools->Fetch from Counter and
Treasury. This data will already be segregated in first year premium and
renewal premium.
Regarding SO , the segregation
will happen if Date of acceptance for the policy is provided. Otherwise,
the transaction will be treated as Renewal Premium
transaction.
Coming to Report part of
Schedule, in Receipt side, there are three schedules which are as
follows:
First Year Premium, Renewal
Premium and Other Than Premium
When you are going to
Report->Receipts-> PLI/RPLI Premium, you will find First Year
and Renewal option button. Now, if you want first year premium, then you
will have to select the corresponding first year premium account head from the
combo box. If account head is not there, it means that treasury has not
created the account head.
Same thing holds good for Renewal
Premium. Select the Renewal Premium option, select the corresponding account
head. If any difference is there, set it right and u can see the
report.
For generating Rebate Schedule
Report, you don’t have to make any data entry. The data will come from the
transactions which you have entered in PLI/RPLi premium receipts. In those
transactions, if any rebate is given to customer, then that rebate will appear
in Rebate Schedule.
For Other Than Premium
Schedule, you will make data entry for following items in Receipts->
Unclassified Receipts:
Medical Fees, Duplicate Fees,
Miscellaneous Receipts.
Fines (i.e default fees) item
will come in Other Than Premium Schedule from the transaction which you entered
in PLI/RPLI premium receipts
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