What is total benefit split amount in SAP FS-CM - Claims Management?

SAP Term: total benefit split amount

• Component: FS-CM

• Component Name: Claims Management

• Description: Total amount in a benefit split that can be paid out to one or several beneficiaries in the event of a claim. The calculation of this amount differs, depending whether the benefit split is onetime or periodic: Onetime benefit split The result of the benefit determination is transferred to the benefit split as the amount to be distributed. All factors of the benefit determination, such as taxes or offset items, are included in the benefit split amount. Periodic benefit split The benefit split amount comprises the annual total values of the benefit values selected for the benefit split in question. Only the benefit values are considered in the determination of the benefit split amount.

Smart SAP Assistant

• Key Concepts: 
  Total benefit split amount is a feature of the FS-CM Claims Management component of SAP. It allows for the total benefit amount to be split into multiple parts and allocated to different parties. This feature is useful for situations where the total benefit amount needs to be shared among multiple parties, such as in a group insurance plan. 
  
  How to use it: 
  To use the total benefit split amount feature, first enter the total benefit amount into the system. Then, enter the amounts that each party should receive. The system will then calculate the total benefit split amount and allocate it accordingly. 
  
  Tips & Tricks: 
  When using the total benefit split amount feature, it is important to ensure that all parties receive their correct share of the total benefit amount. To do this, double-check that all amounts entered are correct before submitting them to the system. 
  
  Related Information: 
  The total benefit split amount feature is part of the FS-CM Claims Management component of SAP. For more information on this component, please refer to SAP's official documentation.