3.5.6 Insurance

This topic provides the systematic instructions to capture the Insurance details in the application.

This tab provides the insurance detail to the users. User can view the name of the Insurance Company by searching one of the listed companies. Further he can search the policy number and view the details such as cover date and expiry date along with the amount covered. The policy should be shared with back office for maintenance prior to this.

As part of the initiation, he will have an option to upload any insurance related document with the application as part of general attachments.

  1. Specify the Insurance details.

    Figure 3-17 Initiate Letter of Credit - Insurance tab


    Description of Figure 3-17 follows
    Description of "Figure 3-17 Initiate Letter of Credit - Insurance tab"

    Note:

    The fields which are marked as Required are manadatory.

    For more information refer to the field description table below:

    Table 3-16 Insurance - Field Description

    Field Name Description
    Search Displays the option to search the insurance.
    Policy Number Displays the policy number of the insurance.
    Company Name Displays the name of the insurance company.
    Country Displays the country for the insurance.
    Cover Date Displays the date up to which the insurance is covered.
    Expiry Date Displays the expiry date of the insurance policy.
    Amount Displays the insurance amount.
  2. In the Search field, specify the search phrase to search the insurance policy.
  3. Select the desired insurance record.
  4. Click Clear Selection to clear the selection.
  5. Perform any one of the following actions:
    • Click Next to save the entered details and proceed to the next level.

      The Charges Commissions and Taxes tab appears in the Initiate Letter of Credit screen.

    • Click Save As Draft, system allows transaction details to be saved as a template or draft. (For more details, refer Save As Template or Save As Draft sections.)
    • Click Cancel to cancel the transaction.

      The Dashboard appears.

    • Click Back to go back to previous screen.

Parent topic: Initiate a Letter of Credit