Oracle® Insurance Rules Palette
OIPA now supports two new assignment types: SplitPercentageRemoval and SplitPercentageApply. SplitPercentageRemoval removes a specified percentage from each undepleted deposit of each underlying fund associated with a policy, while SplitPercentageApply applies the removed money to a different policy on either the same plan or a different plan.
Dynamic Prototype Plan | Functional Prototype Plan | Fund Code |
---|---|---|
Dynamic Calc Fund 1 | Interest Rate Calc 1 | F1 |
Variable Fund 1 | Variable Fund 1 | Var1 |
Variable Fund 2 | Variable Fund 2 | Var2 |
Balanced | Interest Rate Calc 2 | Bal |
The following business rules and transactions were configured in the Prototype Company to demonstrate this new functionality.
Note: PolicySplit does not showcase any of the new functionality implemented by this enhancement. Instead, it serves as a mechanism for setting up different assignment scenarios.
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