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Future-Dated Group Life Coverage Not Recalculating After Salary Change

in Benefits 2 comments

Summary:

I am facing an issue with the calculation of coverage amount for the group life insurance plan If the coverage start date is in the future for the existing enrollments. The coverage amount is not getting re-calculated when there is a change in the salary. However, If the coverage start date is not in the future for the existing enrollment then the group life insurance coverage amount is getting re-calculated correctly.

Here are the exact dates of the life events :

Add a dependent life event date : 09-Jul. The coverage start rule for this life event is first of next month so the coverage starts from 01-Aug.

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