The Insurance module is available out of the box in Finflux. This module supports capturing policy details and claim management for Payment Protection Insurance (PPI). We need to do below initial setups to enable the module.
...
Either while creating or modifying the charge all the fields need to be filled like any other loan charges, to make this charge as insurance premium select change category type as either single insurance or double insurance.
| Info |
|---|
Charge category type is a most important field unless you select the charge as single or double insurance charge, this charge will not be considered as insurance premium and at loan level system will not allow you to enter the policy details and system will show the error as “Loan is not insured”. |
...