Multiple intervals in a single coverage subset for Accidental Insurance.
Summary:
We have a requirement for multiple intervals in coverages for Accidental Insurance. From $50000 till $200000, the coverage intervals are $50000 apart and, after $200000 the coverage intervals are $100000 apart. The employee will be eligible for 10X of annual salary as coverage from the provided coverages amount $50000, $100000, $150000, $200000, $300000, $400000, $500000, $600000, $700000, $800000, $900000 and $1000000, with maximum being $1000000.
Content (please ensure you mask any confidential information):
Example :
Employee monthly salary is $95020, so 10X of annual salary will be $950200. The employee wants $1000000 coverage but as per the insurance policy he will be eligible for $900000 from the coverage amounts provided by vendor.
Version (include the version you are using, if applicable):
25B (11.13.25.04.0)