What is master policy template in SAP FS-PM-PMG - Group Insurance Add-On?

SAP Term: master policy template

• Component: FS-PM-PMG

• Component Name: Group Insurance Add-On

• Description: Object used to provide initial values and structure information for the creation of new master policies. Master policy templates are used to define aspects of master policies, such as field modifiers, attribute values, and subordinate templates.

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• Key Concepts: 
  A master policy template is a feature of the FS-PM-PMG Group Insurance Add-On component of SAP. It is a template that allows users to create and manage group insurance policies. The template contains all the necessary information for creating and managing group insurance policies, such as policy details, coverage details, and payment information. 
  
  How to use it: 
  To use the master policy template, users must first create a policy template. This can be done by selecting the “Create Policy Template” option from the FS-PM-PMG Group Insurance Add-On menu. Once the policy template is created, users can then enter all the necessary information for creating and managing group insurance policies. This includes policy details, coverage details, and payment information. 
  
  Tips & Tricks: 
  When creating a policy template, it is important to ensure that all the necessary information is entered correctly. This will help ensure that the policy is created correctly and that all the necessary information is included in the policy. Additionally, it is important to review the policy template regularly to ensure that all the information is up-to-date and accurate. 
  
  Related Information: 
  For more information on how to use the master policy template in SAP, please refer to the official SAP documentation on FS-PM-PMG Group Insurance Add-On. Additionally, there are many online resources available that provide detailed instructions on how to use this feature of SAP.