FAQ's
Question:
What is Risk?
Answer:
On the Smatsure system Risk refers to a Policy. Policy is the formal contract between the insurer and the insured that spells out the terms of coverage.
Question:
What is Quotation?
Answer:
On the Smatsure system Quotation, Policy. A Quotation Policy isn't a formal policy itself, it's more like a preliminary offer by the insurer to potential policy - sharing stakeholders.
Question:
What is Audit Log Report?
Answer:
Structured record that tracks user actions on the Smatsure system.
Question:
What is the EFT payment-option?
Answer:
This is the payment option by the user who tends to upload the Proof of Payment after successfully transferring funds to the beneficiary via the bank. Beneficiary will get a notification of the Proof of Payment has been uploaded for confirmation. Payment will only be marked as PAID after the beneficiary confirmation.
Question:
What is Current Available Risk Value?
Answer:
Sum of the Total Sum Insured of all risk placed and assigned to the logged in user.
Question:
What is Premium Amount Received?
Answer:
Sum of the Premium Amount Received by the logged in user.
Question:
What is Premium Amount Paid?
Answer:
Sum of the Premium Amount Paid by the logged in user.
Question:
What is Claims Amount Received?
Answer:
Sum of the Claims Amount Paid to the logged in user.
Question:
What is Claims Amount Paid?
Answer:
Sum of the Claims Amount Paid out to stakeholders by the logged in user.
Question:
What is Premium Due Qty?
Answer:
Total number of the individual Premium transactions with a pending payment.