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Goal Based FP (GBFP) : System is Not Considering Term Policy's "Sum Assured" Amount for 'Existing Insurance Cover' in Insurance Tab (Doc ID 2578088.1)

Last updated on DECEMBER 18, 2020

Applies to:

Oracle FLEXCUBE Private Banking - Version 12.0.3 to 12.0.3 [Release 12]
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
System is not considering Term policy's "Sum assured" amount for 'Existing Insurance Cover' in Insurance tab, even if 'INSURANCE_COMPUTATION' flag is checked in Assets tab

EXPECTED BEHAVIOR
-----------------------
System must consider Term policy's "Sum assured" amount for 'Existing Insurance Cover' in Insurance tab, if 'INSURANCE_COMPUTATION' flag is checked in Assets tab, irrespective of it is a financial or non-financial scheme.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Navigate to FP> Insurance > INSURANCE COVER REQUIRED
2. Check "Existing Insurance Cover (Amt)" column in 'INSURANCE COVER REQUIRED' grid in Insurance tab.
3. Check whether the "Sum assured" amount of the term policies is getting considered in the value that is getting displayed.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, "Sum assured" amount of the term policies is not getting displayed and not getting considered for the overall goal planning of the customer.

Changes

There are no changes which triggered this issue. 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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