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Premium Calculation in Leap Year Not Correct (Doc ID 2442756.1)

Last updated on MARCH 25, 2019

Applies to:

Oracle Health Insurance Enterprise Policy Administration - Version 3.18.1.0.0 and later
Information in this document applies to any platform.

Symptoms

On :  3.18.1.0 version, Processing
OHI Policy Config Dev
Acceptance

Configuration Enrollment product:
- Amount Distribution: Daily
- Partial Period Resolution: Per Day
- Total adjustment per Year 200 EAD
- Premium amount is zero
- VAT is 5%

Problem. When a Contract period Start date of a policy is in 2020, OHI considers this to be a leap year. No matter if the 29th of February is part of the contract period.

Expectation: If the Contract period is 1 year. The total adjustment for all these periods must be 200 AED.

Due to this issue, the wrong premium is calculated.

Cause

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In this Document
Symptoms
Cause
Solution
References


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