In the Premium Calculation Bases sub-module, you can calculate the premiums that will be used throughout ESKA^® Insures – General Insurance. You can define the setup of the premium calculation bases By binding each insurance class policy types with the endorsement types to be calculated on a specific calculation base (whether it is prorated, short period, full premium, non-refundable ... etc.), or by directly selecting premium calculation bases in the add block.

 

Each insurance class should be linked to its calculation base based on the business.

 

-       If ‘Prorate’ is selected then the system will calculate the payment amount on number of days basis from the document period;

 

-       If ‘Short-Period’ is selected then the system will calculate the payment amount according to the short-period table that was defined through the Short-Period Premium page located in the Covers Premium sub-module;

 

-       If ‘Full Premium’ is selected then the system will calculate the document premium amount as full amount regardless of the period of the document.

 

 

Ø  To bind between policy types and endorsement types, you need to perform the below steps:

 

§  Select one of the policy types from the class policy types block;

§  Select one of the endorsement types from the endorsement type block;

§  Choose the Calculation Base from the predefined list ;

§  Click on; accordingly, the new premium calculation bases will be displayed in the result block.

 

Ø  To use another way of  linking  premium calculation base with the document type for specific insurance class, you need to click on  in the Premium Calculation Bases block and perform the below steps :

 

§  Select the Class, Policy Type, Endorsement Type from the predefined list;

§  Select the Calculation Base needed (Prorata, Short period, Non-refundable, Full Premium ... etc.)

§  Click on; accordingly, the entry results will be displayed.