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 Individualization

Purpose

Individualization enables you to define individual conditions by changing standard conditions within defined boundaries. You define the change options in the condition set of rules .

You define the fields of a standard condition that can be changed for the validity period of an individual contract. The remaining fields remain the same as for the valid standard condition.

Individualizationof standard conditions provides greater flexibility to the customers because you can offer individual conditions based on individual agreements without losing the relationship to the standard conditions. If you must adjust a standard condition, you can make the changes for an individual contract and the individual agreements for the contract condition remain unaffected.

Individualization creates individualized conditions, which are a mixture of the fields from the standard condition and fields that are changed for an individual contract.

Process Flow

  1. Editing standard conditions on the Set of Rules tab page

    • Define the permitted replacement categories

    • Create rules in the condition set of rules

    • Define individual fields and field settings

      For more information about the individual processing steps on this tab page, see Editing Set of Rules .

  2. Edit the individual condition

    If you made individualization settings for the standard condition, then the line for the affected condition contains the Individualization Allowed symbol . To edit a condition, you must double-click on the condition. The Details screen for the standard condition appears. The Create Individualization symbol is available on every tab page.

    • Create individual condition in the permitted validity period

      Choose Create Individualization.

      Enter the valid-from date and the valid-to date.

      For more information about the dependencies between validity periods, see Validity Periods for Individualization .

    • Make the individualization

      Choose the Individualization tab page. The system displays a list of all the fields for which individualization is permitted.

      Select the fields that you want to individualize and make the desired settings.

    • If you want to simulate the result of your settings, choose Simulate Individualization . The system displays an overview list for the standard conditions, in which you can see where individualized conditions are used.

Result

Individualization produces an individualized standard condition.

For more information, see Editing Financial Conditions .