What is insured group object in SAP FS-PM-PMG - Group Insurance Add-On?

SAP Term: insured group object

• Component: FS-PM-PMG

• Component Name: Group Insurance Add-On

• Description: An object of a group insurance. This object can be a car, building, person, family, and so on.

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• Key Concepts: 
  The insured group object is a component of the FS-PM-PMG Group Insurance Add-On in SAP. It is used to manage and store data related to insurance policies and contracts. This includes information such as policy numbers, policy holders, and coverage details. It also allows for the tracking of payments and claims. 
  
  How to use it: 
  The insured group object can be used to create and manage insurance policies and contracts. It can also be used to track payments and claims associated with those policies and contracts. Additionally, it can be used to generate reports on the status of policies and contracts. 
  
  Tips & Tricks: 
  When creating an insured group object, it is important to ensure that all relevant information is entered accurately. This will help ensure that the data is accurate and up-to-date. Additionally, it is important to regularly review the data stored in the insured group object to ensure that it is still accurate. 
  
  Related Information: 
  The insured group object is part of the FS-PM-PMG Group Insurance Add-On in SAP. This add-on also includes other components such as the policy holder object, policy object, and contract object. These components are used to manage different aspects of insurance policies and contracts.