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1		-(% style="text-align: center;" %)
2		-(% style="color:#2980b9; font-size:28px" %)**FUNERAL RISK POLICIES**
3	3
	2	+**DISCLAIMER**
4	4
5		-(% style="text-align: center;" %)
6		-(% style="color:#2980b9" %)**BY**
	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.
7	7
	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.
8	8
	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		-(% style="text-align:center" %)
11		-[[image:Loading of Funeral Risk Policies_html_8cba33b1e8c9fa24.gif||height="128" width="463"]]
	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.
12	12
13	13
14		-(% style="break-before: page %)
15		-(% class="box infomessage" %)
16		-(((
17		-(% style="text-align: center;" %)
18		-(% style="color: rgb(41, 128, 185); font-size: 20px" %)**Table of Contents**(%%)
19	19
20	20
21		-{{toc/}}
22	22
23		-
24		-)))
25	25
26	26
27		-(% style="break-before: page; text-align: center;" %)
28		-== (% style="color:#2980b9" %)**Adding a New Funeral Risk Policy**(%%) ==
29	29
	19	+**COPYRIGHT**
30	30
	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	+
	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	+
31	31	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.
32	32
33	33	This example illustrates the process of loading a Risk Policy at the initial stage i.e., at a Parent level.
...	...	@@ -34,200 +34,164 @@
34	34
35	35	This guide details the most common scenarios. Should a scenario you require not be covered, please contact your System Administrator for guidance.
36	36
	41	+Create the Parent Policy
37	37
38		-=== (% style="color:#2980b9" %)**Create the Parent Policy**(%%) ===
	43	+Select the relevant Parent:
39	39
	45	+[[image:Loading of Funeral Risk Policies_html_d8abfbd9e4963796.png||height="231" width="489"]]
40	40
41		-Select the relevant Parent:
	47	+Go to the Client menu and select “**Risk Policies**”:
42	42
43		-(% style="text-align:center" %)
44		-[[image:Loading of Funeral Risk Policies_html_d8abfbd9e4963796.png||height="auto" width="auto"]]
	49	+[[image:Loading of Funeral Risk Policies_html_23cbd2e697691866.png||height="255" width="142"]]
45	45
	51	+If Risk Policies have previously been set up, a list of these will appear.
46	46
47		-Go to the Client menu and select “**Risk Policies**”:
	53	+[[image:Loading of Funeral Risk Policies_html_f459a84c3188df4.png||height="70" width="630"]]
48	48
49		-(% style="text-align:center" %)
50		-[[image:Loading of Funeral Risk Policies_html_23cbd2e697691866.png||height="auto" width="auto"]]
	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:
51	51
	57	+**Effective Date:** Enter the policy number of the scheme.
	58	+
	59	+**Policy No:** Enter the policy number of the scheme
52	52
53		-If Risk Policies have previously been set up, a list of these will appear.
	61	+**Insurer No:** Enter the Insurer number of the scheme
54	54
55		-(% style="text-align:center" %)
56		-[[image:Loading of Funeral Risk Policies_html_f459a84c3188df4.png||height="auto" width="auto"]]
57	57
	64	+**Risk Type: **Select the Risk Type from the drop-down option.
58	58
59		-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:
	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
60	60
	68	+**Bank Ref: **This is the reference number that will appear on the Insurers bank statement
61	61
62		-(% style="color:#2980b9" %)**Effective Date:** (%%)Enter the policy number of the scheme.
	70	+[[image:Loading of Funeral Risk Policies_html_58666766dee03261.png||height="146" width="630"]]
63	63
64		-(% style="color:#2980b9" %)**Policy No:**(%%) Enter the policy number of the scheme
	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"]]
65	65
66		-(% style="color:#2980b9" %)**Insurer No:** (%%)Enter the Insurer number of the scheme
	74	+Click on the __edit__ hyperlink next to the selected Risk Policy to load the Policy details.
67	67
68		-(% style="color:#2980b9" %)**Risk Type:**(%%)** **Select the Risk Type from the drop-down option.
	76	+[[image:Loading of Funeral Risk Policies_html_7204b494e0ee50ee.gif||alt="Shape1"]]
69	69
70		-(% 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
	78	+[[image:Loading of Funeral Risk Policies_html_6fb6cfef2d51e5b7.png||height="44" width="630"]]
71	71
72		-(% style="color:#2980b9" %)**Bank Ref:**(%%)** **This is the reference number that will appear on the Insurers bank statement
73	73
74		-(% style="text-align:center" %)
75		-[[image:Loading of Funeral Risk Policies_html_58666766dee03261.png||height="auto" width="auto"]]
76	76
77	77
78		-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"]]
79	79
80	80
81		-Click on the (% style="color:#2980b9" %)__edit__ (%%)hyperlink next to the selected Risk Policy to load the Policy details.
82	82
83	83
84		-(% style="text-align:center" %)
85		-[[image:Loading of Funeral Risk Policies_html_6fb6cfef2d51e5b7.png||height="auto" width="auto"]]
86	86
87	87
88		-(% style="break-before: page %)
89		-=== (% style="color:#2980b9" %)**General Info Tab**(%%) ===
90	90
91	91
92		-Complete all pertinent information. Take special note of the following:
93	93
94	94
95		-(% style="color:#2980b9" %)**Approved Scheme:** (%%)Is this an Approved Scheme? If “**Yes**”, activate the relevant tick box under the “**General**” Component of the screen.
96	96
97		-(% 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.
98	98
	95	+
	96	+General Info Tab
	97	+
	98	+Complete all pertinent information. Take special note of the following:
	99	+
	100	+**Approved Scheme:** Is this an Approved Scheme? If “**Yes**”, activate the relevant tick box under the “**General**” Component of the screen.
	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.
	103	+
99	99	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.
100	100
101		-(% 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.
	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.
102	102
	108	+
103	103	If the tick box has not been activated the expense will be deemed to be paid by the Employee / Member.
104	104
105		-(% 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.
	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.
106	106
107	107	Should the required Bank Account not appear on the drop-down list, contact your System Administrator who is able to add to this list.
108	108
109		-(% 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.
	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.
110	110
111		-(% style="text-align:center" %)
112	112	[[image:Loading of Funeral Risk Policies_html_7a5ad9a83d586e3e.png||height="353" width="636"]]
113	113
114		-(% style="break-before: page %)
115		-=== (% style="color:#2980b9" %)**Risk Premiums Tab**(%%) ===
	119	+Risk Premiums Tab
116	116
117		-
118	118	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.
119	119
120		-(% style="text-align:center" %)
121		-[[image:Loading of Funeral Risk Policies_html_13cdb097cf7c7746.png||height="auto" width="auto"]]
	123	+[[image:Loading of Funeral Risk Policies_html_13cdb097cf7c7746.png||height="102" width="636"]]
122	122
	125	+**NOTE**
123	123
124		-(% style="color:#2980b9" %)**NOTE**
125		-
126	126	Various methods of loading premiums exist, the two most common are:
127	127
128	128	* One standard rate for all members
129	129	* Age-Related Premiums - If an age-band is used for premium calculation purposes, each tier of the age-band must be completed on a new line.
130	130
131		-
132	132	Complete the relevant premium information.
133	133
134		-(% style="text-align:center" %)
135		-[[image:Loading of Funeral Risk Policies_html_e563a0472bac3245.png||height="auto" width="auto"]]
	134	+[[image:Loading of Funeral Risk Policies_html_e563a0472bac3245.png||height="189" width="567"]]
136	136
137		-
138	138	Numerous methods of calculating premiums exist. In this example a **Fixed Amount**, has been selected.
139	139
140	140	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.
141	141
142		-(% style="text-align:center" %)
143		-[[image:Loading of Funeral Risk Policies_html_b2a3e7538b3f2f35.png||height="auto" width="auto"]]
	140	+[[image:Loading of Funeral Risk Policies_html_b2a3e7538b3f2f35.png||height="238" width="630"]]
144	144
145		-
146	146	Take special note of the following:
147	147
148		-(% style="color:#2980b9" %)**Max Salary :**(%%)** **This is the maximum salary, based on Annual Risk Salary, which is applied for premium calculation purposes.
	144	+**Max Salary **This is the maximum salary, based on Annual Risk Salary, which is applied for premium calculation purposes.
149	149
150	150	This field should only be used if premiums are subjected to maximum limits. If no restrictions to premiums apply, this field should be ignored.
151	151
152		-(% 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.
153	153
154		-(% style="color:#2980b9" %)**Rate Factor :**(%%)This is generally not used for Funeral premiums.
	149	+**Reins Commission **This field, expressed as a percentage of risk premiums should only
155	155
156		-(% style="break-before: page %)
157		-=== (% style="color:#2980b9" %)**Funeral Tab**(%%) ===
	151	+**(Insured Schemes only) **be utilised if commission is payable to the Scheme, from the Insurer.
158	158
	153	+**Rate Factor **This is generally not used for Funeral premiums.
159	159
160		-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.
161	161
162		-(% style="text-align:center" %)
163		-[[image:Loading of Funeral Risk Policies_html_c31f2854296b0348.png||height="auto" width="auto"]]
	156	+Funeral Tab
164	164
165		-(% style="text-align:center" %)
166		-[[image:Loading of Funeral Risk Policies_html_429373b93c372d2b.png||height="auto" width="auto"]]
	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.
167	167
	160	+[[image:Loading of Funeral Risk Policies_html_c31f2854296b0348.png||height="61" width="630"]]
168	168
	162	+[[image:Loading of Funeral Risk Policies_html_429373b93c372d2b.png||height="185" width="630"]]
	163	+
169	169	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.
170	170
171		-(% style="break-before: page %)
172		-=== (% style="color:#2980b9" %)**Free Cover Limit (FCL) Tab**(%%) ===
173	173
174	174
175		-Always load a Free Cover Limit equal to the highest payable tier of the Funeral Scale.
176	176
177	177
178		-Select the “**FCL**” Tab located on the top of the screen to reflect all Free Cover Limit information recorded.
179	179
180		-(% style="text-align:center" %)
181		-[[image:Loading of Funeral Risk Policies_html_7449cde78573524c.png||height="auto" width="auto"]]
182	182
183	183
184		-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.
185	185
186		-Press the “**Update**” button. And then press the save icon at the bottom of the screen.
187	187
188		-(% style="text-align:center" %)
189		-[[image:Loading of Funeral Risk Policies_html_8bbfa88a85276cfe.png||height="auto" width="auto"]]
190	190
191	191
192		-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.
193	193
194	194
195		-=== (% style="color:#2980b9" %)**Linked Policies Tab (Insured Schemes Only)**(%%) ===
	179	+FREE COVER LIMIT (FCL) TAB
196	196
	181	+Always load a Free Cover Limit equal to the highest payable tier of the Funeral Scale.
197	197
198		-This screen is not necessary for funeral benefits.
199	199
	184	+Select the “**FCL**” Tab located on the top of the screen to reflect all Free Cover Limit information recorded.
200	200
201		-(% style="break-before: page; text-align: center;" %)
202		-== (% style="color:#2980b9" %)**Disclaimer and Copyright**(%%) ==
	186	+[[image:Loading of Funeral Risk Policies_html_7449cde78573524c.png||height="61" width="632"]]
203	203
	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.
204	204
205		-(% style="color:#2980b9" %)**DISCLAIMER**
	190	+Press the “**Update**” button. And then press the save icon at the bottom of the screen.
206	206
207		-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.
	192	+[[image:Loading of Funeral Risk Policies_html_8bbfa88a85276cfe.png||height="114" width="630"]]
208	208
209		-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.
	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	210
211		-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.
	196	+LINKED POLICIES TAB (Insured Schemes Only)
212	212
213		-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.
	198	+This screen is not necessary for funeral benefits.
214	214
215	215
216		-(% style="color:#2980b9" %)**COPYRIGHT**
217	217
218		-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.
219		-
220		-
221		-EBSphere (Pty) Limited
222		-
223		-P.O. Box 785803
224		-
225		-Sandton
226		-
227		-2146
228		-
229		-
230		-(% style="text-align:center" %)
231		-[[image:Everest User Manuals.4\. Fund Setup.Adding a New Client.Paypoints.WebHome@EBSphere_RGB Small.jpg]]
232		-
233		-