You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register
Get Started: AI Resources for Oracle Cloud HCM – Go Here

Progress with Redwood: Redwood Resources for Oracle Cloud HCM -  Go Here

Reduce life insurance coverage amount by half for an employee turning 70 years old

edited Sep 8, 2021 9:54AM in Benefits 4 comments

Content

Hi All,

We have a requirement like, if employee is already enrolled in Life Insurance plan with some coverage amount($X) and turning 70 years today, then coverage amount should reduced by half i.e; $X/2

If employee is not enrolled previously and turning 70 today then employee should have an option to elect coverage in between $5000 and $500000.

Please provide your suggestions.

Regards,

Harish.

 

Version

21C

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!