Oracle® Insurance Rules Palette
This feature adds an enhancement to the Math section of a user defined function that expands the capability of executing the functions.
User should be able to add the "FunctionValuation" transaction in PAS application.
A new transaction called "FunctionValuation" is added at the "Functional Prototype Plan" level.
Transaction name: FunctionValuation
Company name: Prototype Individual Child Company
Product Name: Individual Prototype Product
Plan Name : Functional Prototype Plan
Function Name : Function-Valuation
- This transaction will give true or false to indicate whether the price for valuation used to value the policy were of the exact ValuationDates specified or the nearest price dates.
- The transaction is configured at the 'Fucntional Prototype Plan' level and will have a new user defined function "Function-Valuation" called in it. This user defined transaction inturn calls the inbuild function MathValuation.
- The output parameter returns true or false to indicate whether the fund prices used to value the policy as of the exact ValuationDates specified or the nearest price dates.
- This new function will call the 'ActivityFunction' 'MathValuation' inside of it in the mathvariable section.
Result:User should be able to see the output of the 'ActivityFunction' which comes from "Function-MathValuation" in the mathsection after processing the activity.
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