Oracle® Insurance Policy Administration 9.1.0.0.0 E15811-01

# Term Policy Details

The bottom portion of the Policy screen contains a section called Policy Details. A description of the required term policy details is listed below.

Issue Date

The date when the policy was issued.

App. Signed Date

The date when the application form was signed.

Payment Method

The methods for payment of the renewal premiums of the policy.

- EFT - if you select EFT, you must also enter a Next Bill Due Date and a Payment Draft Date.

- Direct Bill - if you select Direct Bill, you must also enter a Next Bill Due Date.

Payment Mode

The billing frequency by which the premiums are remitted. If you select EFT for payment mode, this will automatically default to monthly.