Summary

• Page properties (1 modified, 0 added, 0 removed)

Details

Page properties

Content

...	...	@@ -1,37 +1,35 @@
	1	+(% style="text-align: center;" %)
	2	+(% style="color:#2980b9; font-size:28px" %)**FUNERAL RISK POLICIES**
1	1
2		-**DISCLAIMER**
3	3
4		-Please note, whilst care is taken to illustrate numerous scenarios, it is impossible to detail all instances and therefore this document should merely serve as a guide for the purposes of demonstrating system functionality and conducting employee training.
	5	+(% style="text-align: center;" %)
	6	+(% style="color:#2980b9" %)**BY**
5	5
6		-In accordance with the above paragraph, this training manual is published and distributed on the basis that EBSphere (Pty) Ltd is not responsible/accountable for any actions taken by users of information contained in this training manual nor for any error in or omission from this manual.
7	7
8		-EBSphere (Pty) Ltd does not accept any responsibility whatsoever for a misrepresentation performed by any person in respect of claims, losses or damage or any other matter, either direct or consequential arising out of or in relation to the use and reliance, whether wholly or partially, upon any information contained or products referred to in this manual.
9	9
10		-Further, the contents of this training manual are subject to change without any notice and further highlight the need for this training manual to serve only as a guide.
	10	+(% style="text-align:center" %)
	11	+[[image:Loading of Funeral Risk Policies_html_8cba33b1e8c9fa24.gif||height="128" width="463"]]
11	11
12	12
	14	+(% class="box infomessage" %)
	15	+(((
	16	+(% style="break-before: page" %)
	17	+
13	13
	19	+(% style="text-align: center;" %)
	20	+(% style="color:#2980b9; font-size:20px" %)**Table of Contents**(%%)
14	14
15	15
	23	+{{toc/}}
16	16
	25	+
	26	+)))
17	17
18	18
19		-**COPYRIGHT**
	29	+(% style="break-before: page; text-align: center;" %)
	30	+== (% style="color:#2980b9" %)**Adding a New Funeral Risk Policy**(%%) ==
20	20
21		-This documentation and the software described in it is the exclusive property of EBSphere (Pty) Ltd. This manual or the software may not be copied in whole or part, without the express written consent of EBSphere (Pty) Ltd. Under the law, copying includes translating into another language or format.
22	22
23		-EBSphere (Pty) Limited
24		-
25		-P.O. Box 785803
26		-
27		-Sandton
28		-
29		-2146
30		-
31		-
32		-
33		-[[image:Loading of Funeral Risk Policies_html_8cba33b1e8c9fa24.gif||height="96" width="344"]] [[image:Loading of Funeral Risk Policies_html_857ba1e075348553.png||height="13" width="656"]] //Loading of Funeral Risk Policies//
34		-
35	35	The process of adding Risk Policies starts at the Parent level. Once the policy is loaded it will need to be linked to a Client/ Participating Employer.
36	36
37	37	This example illustrates the process of loading a Risk Policy at the initial stage i.e., at a Parent level.
...	...	@@ -38,92 +38,95 @@
38	38
39	39	This guide details the most common scenarios. Should a scenario you require not be covered, please contact your System Administrator for guidance.
40	40
41		-Create the Parent Policy
42	42
	40	+=== (% style="color:#2980b9" %)**Create the Parent Policy**(%%) ===
	41	+
	42	+
43	43	Select the relevant Parent:
44	44
	45	+(% style="text-align:center" %)
45	45	[[image:Loading of Funeral Risk Policies_html_d8abfbd9e4963796.png||height="231" width="489"]]
46	46
	48	+
47	47	Go to the Client menu and select “**Risk Policies**”:
48	48
49		-[[image:Loading of Funeral Risk Policies_html_23cbd2e697691866.png||height="255" width="142"]]
	51	+(% style="text-align:center" %)
	52	+[[image:Loading of Funeral Risk Policies_html_23cbd2e697691866.png||height="402" width="228"]]
50	50
	54	+
51	51	If Risk Policies have previously been set up, a list of these will appear.
52	52
53		-[[image:Loading of Funeral Risk Policies_html_f459a84c3188df4.png||height="70" width="630"]]
	57	+(% style="text-align:center" %)
	58	+[[image:Loading of Funeral Risk Policies_html_f459a84c3188df4.png||height="auto" width="auto"]]
54	54
	60	+
55	55	To load a new Risk Policy, click on the row to create a new entry. Complete the relevant information. Take special note of the following:
56	56
57		-**Effective Date:** Enter the policy number of the scheme.
58		-
59		-**Policy No:** Enter the policy number of the scheme
60	60
61		-**Insurer No:** Enter the Insurer number of the scheme
	64	+(% style="color:#2980b9" %)**Effective Date:** (%%)Enter the policy number of the scheme.
62	62
	66	+(% style="color:#2980b9" %)**Policy No:**(%%) Enter the policy number of the scheme
63	63
64		-**Risk Type: **Select the Risk Type from the drop-down option.
	68	+(% style="color:#2980b9" %)**Insurer No:** (%%)Enter the Insurer number of the scheme
65	65
66		-**Description: **Enter the Risk Description in the text field under the heading “Description”. For ease of reference, enter the “Client Name” first and then the description of the Policy
	70	+(% style="color:#2980b9" %)**Risk Type:**(%%)** **Select the Risk Type from the drop-down option.
67	67
68		-**Bank Ref: **This is the reference number that will appear on the Insurers bank statement
	72	+(% style="color:#2980b9" %)**Description:**(%%)** **Enter the Risk Description in the text field under the heading “Description”. For ease of reference, enter the “Client Name” first and then the description of the Policy
69	69
70		-[[image:Loading of Funeral Risk Policies_html_58666766dee03261.png||height="146" width="630"]]
	74	+(% style="color:#2980b9" %)**Bank Ref:**(%%)** **This is the reference number that will appear on the Insurers bank statement
71	71
72		-Press the “**Update**” button to save the entry and then press the save icon. [[image:Loading of Funeral Risk Policies_html_a6c090836202dcb0.png||height="26" width="28"]]
	76	+(% style="text-align:center" %)
	77	+[[image:Loading of Funeral Risk Policies_html_58666766dee03261.png||height="auto" width="auto"]]
73	73
74		-Click on the __edit__ hyperlink next to the selected Risk Policy to load the Policy details.
75	75
76		-[[image:Loading of Funeral Risk Policies_html_7204b494e0ee50ee.gif||alt="Shape1"]]
	80	+Press the “**Update**” button to save the entry and then press the save icon. [[image:Loading of Funeral Risk Policies_html_a6c090836202dcb0.png||height="26" width="28"]]
77	77
78		-[[image:Loading of Funeral Risk Policies_html_6fb6cfef2d51e5b7.png||height="44" width="630"]]
79	79
	83	+Click on the (% style="color:#2980b9" %)__edit__ (%%)hyperlink next to the selected Risk Policy to load the Policy details.
80	80
81	81
	86	+(% style="text-align:center" %)
	87	+[[image:Loading of Funeral Risk Policies_html_6fb6cfef2d51e5b7.png||height="auto" width="auto"]]
82	82
83	83
	90	+(% style="break-before: page" %)
	91	+=== (% style="color:#2980b9" %)**General Info Tab**(%%) ===
84	84
85	85
86		-
87		-
88		-
89		-
90		-
91		-
92		-
93		-
94		-
95		-
96		-General Info Tab
97		-
98	98	Complete all pertinent information. Take special note of the following:
99	99
100		-**Approved Scheme:** Is this an Approved Scheme? If “**Yes**”, activate the relevant tick box under the “**General**” Component of the screen.
101	101
102		-**Exclusive Expense:** Is the risk premium an inclusive or exclusive expense? In other words, is this expense included in the contribution paid or added over and above the contributions payable to the Fund? To trigger an exclusive expense i.e. paid over and above the contributions, activate the relevant tick box under the “**Miscellaneous**” Component of the screen.
	97	+(% style="color:#2980b9" %)**Approved Scheme:** (%%)Is this an Approved Scheme? If “**Yes**”, activate the relevant tick box under the “**General**” Component of the screen.
103	103
	99	+(% style="color:#2980b9" %)**Exclusive Expense:**(%%) Is the risk premium an inclusive or exclusive expense? In other words, is this expense included in the contribution paid or added over and above the contributions payable to the Fund? To trigger an exclusive expense i.e. paid over and above the contributions, activate the relevant tick box under the “**Miscellaneous**” Component of the screen.
	100	+
104	104	If the tick box has not been activated the expense will be deemed to be an inclusive expense i.e. forms part of the contributions payable to the Fund.
105	105
106		-**Paid by ER?:** Who is responsible for the payment of the premiums? If the premiums are to be paid by the Employer, activate the relevant tick box under the “Miscellaneous” Component of the screen.
	103	+(% style="color:#2980b9" %)**Paid by ER?:** (%%)Who is responsible for the payment of the premiums? If the premiums are to be paid by the Employer, activate the relevant tick box under the “Miscellaneous” Component of the screen.
107	107
108		-
109	109	If the tick box has not been activated the expense will be deemed to be paid by the Employee / Member.
110	110
111		-**Bank Account:** Ensure that a Bank Account is selected from the drop-down option. Should no bank account be entered here, the system will assume that a Risk Reserve Account should be utilised for premium allocation.
	107	+(% style="color:#2980b9" %)**Bank Account:**(%%) Ensure that a Bank Account is selected from the drop-down option. Should no bank account be entered here, the system will assume that a Risk Reserve Account should be utilised for premium allocation.
112	112
113	113	Should the required Bank Account not appear on the drop-down list, contact your System Administrator who is able to add to this list.
114	114
115		-**Age Calculations: **Select the Age Calculation method from the drop-down option located on the bottom right hand section of the screen. This calculation method is only used for risk premium calculations, if applicable.
	111	+(% style="color:#2980b9" %)**Age Calculations:**(%%)** **Select the Age Calculation method from the drop-down option located on the bottom right hand section of the screen. This calculation method is only used for risk premium calculations, if applicable.
116	116
	113	+(% style="text-align:center" %)
117	117	[[image:Loading of Funeral Risk Policies_html_7a5ad9a83d586e3e.png||height="353" width="636"]]
118	118
119		-Risk Premiums Tab
	116	+(% style="break-before: page" %)
	117	+=== (% style="color:#2980b9" %)**Risk Premiums Tab**(%%) ===
120	120
	119	+
121	121	Select the “**Risk** **Premiums**” Tab located on the top of the screen to reflect all Premium information recorded. To add premium information, click on the row to create a new entry.
122	122
123		-[[image:Loading of Funeral Risk Policies_html_13cdb097cf7c7746.png||height="102" width="636"]]
	122	+(% style="text-align:center" %)
	123	+[[image:Loading of Funeral Risk Policies_html_13cdb097cf7c7746.png||height="auto" width="auto"]]
124	124
125		-**NOTE**
126	126
	126	+(% style="color:#2980b9" %)**NOTE**
	127	+
127	127	Various methods of loading premiums exist, the two most common are:
128	128
129	129	* One standard rate for all members
...	...	@@ -131,71 +131,102 @@
131	131
132	132	Complete the relevant premium information.
133	133
134		-[[image:Loading of Funeral Risk Policies_html_e563a0472bac3245.png||height="189" width="567"]]
	135	+(% style="text-align:center" %)
	136	+[[image:Loading of Funeral Risk Policies_html_e563a0472bac3245.png||height="auto" width="auto"]]
135	135
	138	+
136	136	Numerous methods of calculating premiums exist. In this example a **Fixed Amount**, has been selected.
137	137
138	138	In addition to the Percentage of Payroll method, a **Rate Factor** per Mille or a **Percentage of Salary** could be entered for premium calculation purposes. Alternatively, a combination of these could be utilised.
139	139
140		-[[image:Loading of Funeral Risk Policies_html_b2a3e7538b3f2f35.png||height="238" width="630"]]
	143	+(% style="text-align:center" %)
	144	+[[image:Loading of Funeral Risk Policies_html_b2a3e7538b3f2f35.png||height="auto" width="auto"]]
141	141
	146	+
142	142	Take special note of the following:
143	143
144		-**Max Salary **This is the maximum salary, based on Annual Risk Salary, which is applied for premium calculation purposes.
	149	+(% style="color:#2980b9" %)**Max Salary :**(%%)** **This is the maximum salary, based on Annual Risk Salary, which is applied for premium calculation purposes.
145	145
146	146	This field should only be used if premiums are subjected to maximum limits. If no restrictions to premiums apply, this field should be ignored.
147	147
	153	+(% style="color:#2980b9" %)**Reins Commission (Insured Schemes only) :**(%%)This field, expressed as a percentage of risk premiums should only** **be utilised if commission is payable to the Scheme, from the Insurer.
148	148
149		-**Reins Commission **This field, expressed as a percentage of risk premiums should only
	155	+(% style="color:#2980b9" %)**Rate Factor :**(%%)This is generally not used for Funeral premiums.
150	150
151		-**(Insured Schemes only) **be utilised if commission is payable to the Scheme, from the Insurer.
	157	+(% style="break-before: page" %)
	158	+=== (% style="color:#2980b9" %)**Funeral Tab**(%%) ===
152	152
153		-**Rate Factor **This is generally not used for Funeral premiums.
154	154
155		-
156		-Funeral Tab
157		-
158	158	Select the “Funeral” Tab located on the top of the screen to reflect all risk benefits recorded. To load the benefit structure, click to add a row to create a new entry.
159	159
160		-[[image:Loading of Funeral Risk Policies_html_c31f2854296b0348.png||height="61" width="630"]]
	163	+(% style="text-align:center" %)
	164	+[[image:Loading of Funeral Risk Policies_html_c31f2854296b0348.png||height="auto" width="auto"]]
161	161
162		-[[image:Loading of Funeral Risk Policies_html_429373b93c372d2b.png||height="185" width="630"]]
	166	+(% style="text-align:center" %)
	167	+[[image:Loading of Funeral Risk Policies_html_429373b93c372d2b.png||height="auto" width="auto"]]
163	163
	169	+
164	164	Complete all pertinent information. Take special note that the benefits loaded on this screen do not calculate an actual benefit. It is usually for information purposes only. Should you need Everest to calculate a benefit, please speak to your System Administrator for more info.
165	165
	172	+(% style="break-before: page" %)
	173	+=== (% style="color:#2980b9" %)**Free Cover Limit (FCL) Tab**(%%) ===
166	166
167	167
	176	+Always load a Free Cover Limit equal to the highest payable tier of the Funeral Scale.
168	168
169	169
	179	+Select the “**FCL**” Tab located on the top of the screen to reflect all Free Cover Limit information recorded.
170	170
	181	+(% style="text-align:center" %)
	182	+[[image:Loading of Funeral Risk Policies_html_7449cde78573524c.png||height="auto" width="auto"]]
171	171
172	172
	185	+To load a Free Cover Limit, click to add a row to create a new entry. Enter the Effective Date and the Free Cover Limit amount expressed as a total benefit amount.
173	173
	187	+Press the “**Update**” button. And then press the save icon at the bottom of the screen.
174	174
	189	+(% style="text-align:center" %)
	190	+[[image:Loading of Funeral Risk Policies_html_8bbfa88a85276cfe.png||height="auto" width="auto"]]
175	175
176	176
	193	+Information must not be overridden. Rather, a new line item should be created so as to maintain a history of all prior Free Cover Limit information loaded.
177	177
178	178
179		-FREE COVER LIMIT (FCL) TAB
	196	+=== (% style="color:#2980b9" %)**Linked Policies Tab (Insured Schemes Only)**(%%) ===
180	180
181		-Always load a Free Cover Limit equal to the highest payable tier of the Funeral Scale.
182	182
	199	+This screen is not necessary for funeral benefits.
183	183
184		-Select the “**FCL**” Tab located on the top of the screen to reflect all Free Cover Limit information recorded.
185	185
186		-[[image:Loading of Funeral Risk Policies_html_7449cde78573524c.png||height="61" width="632"]]
	202	+(% style="break-before: page; text-align: center;" %)
	203	+== (% style="color:#2980b9" %)**Disclaimer and Copyright**(%%) ==
187	187
188		-To load a Free Cover Limit, click to add a row to create a new entry. Enter the Effective Date and the Free Cover Limit amount expressed as a total benefit amount.
189	189
190		-Press the “**Update**” button. And then press the save icon at the bottom of the screen.
	206	+(% style="color:#2980b9" %)**DISCLAIMER**
191	191
192		-[[image:Loading of Funeral Risk Policies_html_8bbfa88a85276cfe.png||height="114" width="630"]]
	208	+Please note, whilst care is taken to illustrate numerous scenarios, it is impossible to detail all instances and therefore this document should merely serve as a guide for the purposes of demonstrating system functionality and conducting employee training.
193	193
194		-Information must not be overridden. Rather, a new line item should be created so as to maintain a history of all prior Free Cover Limit information loaded.
	210	+In accordance with the above paragraph, this training manual is published and distributed on the basis that EBSphere (Pty) Ltd is not responsible/accountable for any actions taken by users of information contained in this training manual nor for any error in or omission from this manual.
195	195
196		-LINKED POLICIES TAB (Insured Schemes Only)
	212	+EBSphere (Pty) Ltd does not accept any responsibility whatsoever for a misrepresentation performed by any person in respect of claims, losses or damage or any other matter, either direct or consequential arising out of or in relation to the use and reliance, whether wholly or partially, upon any information contained or products referred to in this manual.
197	197
198		-This screen is not necessary for funeral benefits.
	214	+Further, the contents of this training manual are subject to change without any notice and further highlight the need for this training manual to serve only as a guide.
199	199
200	200
	217	+(% style="color:#2980b9" %)**COPYRIGHT**
201	201
	219	+This documentation and the software described in it is the exclusive property of EBSphere (Pty) Ltd. This manual or the software may not be copied in whole or part, without the express written consent of EBSphere (Pty) Ltd. Under the law, copying includes translating into another language or format.
	220	+
	221	+
	222	+EBSphere (Pty) Limited
	223	+
	224	+P.O. Box 785803
	225	+
	226	+Sandton
	227	+
	228	+2146
	229	+
	230	+
	231	+(% style="text-align:center" %)
	232	+[[image:Everest User Manuals.4\. Fund Setup.Adding a New Client.Paypoints.WebHome@EBSphere_RGB Small.jpg]]
	233	+