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AXIS Update Information
Update Summary: Bonus Columns Per Policy (During Premium Paying Period) And Per Face Amount
Update Type: Enhancement
Version # : 12401001 (11 Feb 09)
Modules Affected: Regular Life , Par Products , Disability
Changes Results: No
GGY Job # 24713
Detailed Update Description
In the Regular Life, Par Products and Disability modules, two new columns have been added to the Bonus & chargeback table section, available in Product Features, Reserves, Single Reinsurance and Reinsurance Terms:

"C13 - Bonus per policy at YS during premium paying period", like existing Column 12 but payable only during direct or ceded premium paying period.

"C14 - Bonus per 1000 face (or 100 monthly benefit for Disability)", payable per nominal or actual face amount for direct business (a define option is provided) and per ceded face amount for reinsurance.
 

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