Insurance Policies

Organizations include insurance policies to employees and their family members, as part of the compensation. The insured amount for each employee is based on the designation or band.

As an administrator, you can view, add, edit or delete the details of employment types in the Insurance policies page.

In case, the organization refers to insurance policies by a different name, you can include the name as an alias and the alias name is used for display wherever applicable on PeopleWorks.

To manage insurance policy details:

The Insurance Policies page appears.

The insurance policy details displayed are:

Insurance policy details

Field

Description

Insurance type

Displays the type of insurance

Policy no

Displays the policy number

Policy name

Displays the name of the insurance policy

Insurance company

Displays the name of the insurance company

TPA

Displays whether there is a third party administrator

TPA name

Displays the name of the third party administrator

Start date

Displays the date from when the policy is active

Expiry date

Displays the date until when the policy matures

Sum insured criteria

Displays a link to select the sum insured based on certain criteria

Active

Displays whether the insurance policy is active - Yes or No

If active, the insurance policy is available for users to select wherever applicable on PeopleWorks, else it is not available

Note:   Ensure that you do not delete records that are mapped to any employee records or any other data on PeopleWorks.

 

 

Click to know more:

Nurture and Manage

Set up the Sum Insured Criteria