What is premium level in SAP FS-PMA - SAP Policy Management Add-On for Auto Insurance?

SAP Term: premium level

• Component: FS-PMA

• Component Name: SAP Policy Management Add-On for Auto Insurance

• Description: Defines the premium rate to be applied when calculating the premium.

Smart SAP Assistant

• Key Concepts: 
  Premium level is a feature of the FS-PMA SAP Policy Management Add-On for Auto Insurance. It is used to define the different levels of coverage that a policyholder can choose from. Each level of coverage has its own set of benefits and associated costs. 
  
  How to use it: 
  Premium level is used to define the different levels of coverage that a policyholder can choose from. The policyholder can select the level of coverage that best suits their needs and budget. The premium level feature allows the policyholder to customize their coverage and determine the cost of their policy. 
  
  Tips & Tricks: 
  When selecting a premium level, it is important to consider the benefits and associated costs of each level. It is also important to consider any discounts or incentives that may be available for certain levels of coverage. 
  
  Related Information: 
  The FS-PMA SAP Policy Management Add-On for Auto Insurance also includes features such as policy renewal, claims processing, and customer service. These features are designed to help policyholders manage their policies more efficiently and effectively.