Monthly Processing

Monthly Processing is used to calculate premium for any monthly fees, charges or costs. Mortality charges will be taken for this product. This premium is then taken on a pro-rata basis from the unit linked funds attached to the policy. The fund movement process allows the system to process multiple movements into or out of funds on a single activity. The activity supports backward type NAR and coverage currency management (backward pricing).

This activity is automatically generated. It is spawned from the Issue activity and then continuously spawns itself each month. If the values of the funds are not know when the activity processes, then a lien will be applied to the policy.