What is benefit case in SAP FS-PM - Policy Management?

SAP Term: benefit case

• Component: FS-PM

• Component Name: Policy Management

• Description: A loss event in the Life line of insurance that triggers the compensability of the insurer. Example The recipient of annuity insurance dies. This triggers a benefit case in which allows the inheritors of the insured person to receive the remaining annuity payments.

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• Key Concepts: 
  A benefit case is a type of policy in the SAP FS-PM Policy Management component. It is used to define the conditions under which a customer can receive a benefit or discount. The benefit case is composed of a set of rules that determine when the benefit should be applied. 
  
  How to use it: 
  To create a benefit case, you must first define the conditions that must be met in order for the benefit to be applied. This includes specifying the customer type, product type, and any other criteria that must be met. Once these conditions are defined, you can then create the rules that will determine when the benefit should be applied. 
  
  Tips & Tricks: 
  When creating a benefit case, it is important to ensure that all of the conditions and rules are clearly defined and easy to understand. This will help ensure that the benefit is applied correctly and consistently. Additionally, it is important to test the benefit case before deploying it in production to ensure that it works as expected. 
  
  Related Information: 
  For more information on creating and managing benefit cases in SAP FS-PM Policy Management, please refer to the official SAP documentation.