What is additional deposit payer in SAP FS-CM - Claims Management?

SAP Term: additional deposit payer

• Component: FS-CM

• Component Name: Claims Management

• Description: A special deposit payer in a life insurance policy can, for example, be the policyholder, the insured person, or the premium payer.

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• Key Concepts: 
  Additional deposit payer is a term used in SAP FS-CM Claims Management. It refers to a third party who pays an additional deposit to cover the cost of a claim. This deposit is usually paid in addition to the original claim amount and is used to cover any additional costs that may arise from the claim. 
  
  How to use it: 
  In SAP FS-CM Claims Management, an additional deposit payer can be added to a claim by selecting the “Add Additional Deposit Payer” option from the “Claims” menu. This will open a window where the user can enter the details of the additional deposit payer, such as name, address, and contact information. Once all the details have been entered, the user can save the changes and the additional deposit payer will be added to the claim. 
  
  Tips & Tricks: 
  When adding an additional deposit payer to a claim, it is important to ensure that all of their details are correct and up-to-date. This will help ensure that any payments made by the additional deposit payer are received correctly and on time. 
  
  Related Information: 
  For more information about using additional deposit payers in SAP FS-CM Claims Management, please refer to the official SAP documentation.