Oracle® Insurance Policy Administration 9.4.0.0 E18894_01

# Bonus

The Product Templates are configured to offer incentives for premiums received to an annuity contract in the form of a bonus contribution from the company’s side to the contract value. It is a percentage of the premium contributed by the policy holder. A higher rate is offered as the cumulative premium crosses certain limits.

The Bonus activity is only available for XC Series annuity class policies. Select this annuity class when the policy is created. There will be an Option Group field on the Policy details section of the policy. Select ContractXCSeries.

The Bonus activity can be added to an active policy from the Add Activity link on the Secondary menu. Select the activity and enter the bonus information. Click OK and then process the activity from the Activity screen.

Option Group on Policy Detail Section of the Policy Screen

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