Insurance Management

View and manage customers

Configuration > Customers.

Manage policy types,create new policy types

Configuration > Policy Types

Manage Payment Types of different policies

Policy Management

Create new Policy with Policy type, Payment type and policy amount under configuration.

Employee Management

Create new agent and add the details. The salary type can be selected as fixed, commission or both(salary + commission) and specify the Base Salary ,Last Payment date, that is date on last payment, Related user for giving salary payment. Salary Payment button will be enabled after selecting the Related User.Now salary type is selected Fixed and Payment type is fixed. Go to Agent > Agent.

Salary Type:Fixed

Salary will be the Basic Salary

Salary Type:Commission

Salary will be the Commission on each Insurance created

Salary Type:Both

Salary will be Basic Salary +Commission on each Insurance created

Manage insurances with Payment type as fixed

Insurance Management -> Insurance: Create insurance to customers based on a policy. Add the agent and the commission of agent in percentage, payment type fixed,duration in months. The insurance can be confirmed after adding all required details. Invoice can be created for the insurance in single invoice.

Create invoices and confirm

Insurance Management -> Insurance: The insurance can be confirmed after adding all required details. Invoice can be created for the insurance and confirm insurances and register the payment

Register payment and Post Invoice

Payment completed and Confirmed Insurance

Now the invoice has paid and status is posted and state is confirmed state and the sequence also created

Employee Management

The insurance details created by the agent can be seen inside Insurance details under agent

Salary Payment

On clicking salary payment we can see a draft bill on last payment

Salary Payment by creating bill

On clicking draft bill we can pay the agent the basic salary as payment type is fixed on each insurance calculated inside insurance management

Confirm and Salary payment completed

Confirming the bill and register the payment,we can see the bill reference

Manage insurances with Payment type as Installment

Insurance Management -> Insurance: Create insurance to customers based on a policy. Add the agent and payment type as Installment,duration in months. The insurance can be confirmed after adding all required details. Invoice can be created for the insurance in multiple invoice.

Installment amount is calculated from Total policy amount divided by the duration in months.Amount remaining calculated from Amount and invoiced total amount.Confirm the Insurance

Confirm and Create Invoice

Confirming insurance created and create invoice, after clicking on invoice and confirm and post invoice,create invoice button is again visible to pay the insurance through installments and remaining amount is also calculated

Invoices of Payment type as Installment

Salary type as Commission

Create an agent with salary type as Commission.

Create Insurance for salary payment as Commission

Create an insurance with an agent with salary type as commission, confirm it and post the invoice

Salary Payment for the agent

Go to Employee Management ,select the agent and click on salary payment, a draft bill is created

Salary payment as commission only

Click on created draft bill and commission as commission rate of insurance is calculated as salary,confirm it as pay it

Salary payment as both

Create an agent and salary type as both

Insurance management:Create insurance

Create an insurance and specify the commission rate as salary is sum of basic salary and commission from insurances

Salary payment for salary type both

Go to Employee Management and make salary payment,creates a draft bill and clicking on that we can see,both basic salary and commission rate of insurance has been summed to the salary

Manage claims and create insurance to customers based on a policy

Insurance Management -> Claims: Create insurance to customers based on a policy. Add the agent and the commission of agent in percentage. The insurance can be confirmed after adding all required details. Invoice can be created for the insurance.