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Life Insurance coverage - Salary + fixed amount

Former Member
0 Kudos

Hi

My client has a requirement of creating Basic Life Insurance Plan that is based on employees' base salary. This is divided into 3 classes with following coverage amount.

In Class1 ( Base < $ 25K ) = 1 x base puls 30K

Class2 ( Base = 25 K to $ 150000) = 1 x base plus 50K

Class 3 ( Base = 150001 and over) = 1 x base upto 1M

My understanding is that system can calculate the coverage amount as any multiple of bases salary, but how can we add a flat amount to it so that coverage amount becomes 1 x Base plus a flat amount.

Any help is appreciated.

Thanks

W

Accepted Solutions (0)

Answers (1)

Answers (1)

sarah_debza
Advisor
Advisor
0 Kudos

Hello,

As you have noticed in the standard configuration it is not possible to combined flat amount and salary factor.

But you could use badi PBEN0011 to cater for your requirement.

Hope this help

Sarah