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Benefit Premium Calculation based on Life event Date

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edited Sep 18, 2020 10:56PM in Benefits 1 comment

Summary

1 to 15th of the month -> Full Premium. After 15th of the month -> No premium

Content

We have below requirement based on Life event date.

If Marriage occurs before the 15th of a month, the full premium will be paid for the month; if the event occurs after the 15th of the month, no premium is to be taken for that month

 

Can you please let us know if we need to go for Rate Start Date Fast Formula or it should be handled in Standard Rate Calc Fast Formula.

Thank you.

 

 

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