1. SAP Glossary
  2. Policy Management
  3. partial surrender


What is 'partial surrender' in SAP FS-PM - Policy Management?


partial surrender - Overview


partial surrender - Details


  • Key Concepts: Partial surrender is a feature of the SAP FS-PM Policy Management component that allows policyholders to partially surrender their policies. This means that policyholders can withdraw a portion of their policy’s cash value while still keeping the policy active.
    How to use it: To use partial surrender, policyholders must first log into their SAP FS-PM Policy Management account. Once logged in, they can select the “Partial Surrender” option from the menu. This will bring up a form where they can enter the amount they wish to withdraw from their policy. Once the form is completed, they can submit it for processing.
    Tips & Tricks: When using partial surrender, it is important to remember that any amount withdrawn will reduce the cash value of the policy and may also affect the policy’s performance. It is also important to note that partial surrender may not be available for all policies and may be subject to certain restrictions or fees.
    Related Information: For more information on partial surrender, please refer to the SAP FS-PM Policy Management documentation or contact your insurance provider.

    Already have an account? Login here!





partial surrender - Related SAP Terms

Rating
The AI Support Assistant is great. It provides comprehensive assistance even on the most difficult issues. I highly recommend this service.
Rate 1
John Jordan
SAP Consultant & Author