Renew Insurance Policy – A summary of the activity

This activity allows you to renew an insurance policy that is expiring. You can search and select an insurance policy that is in the “Active” status for renewal. You can include new assets to the renewed policy. This activity also allows you to authorize the newly renewed policy. The status of policy is updated as “Renewed”. This activity also allows you to incorporate the payment details of the renewed policy. The system generates a sundry payment voucher for the premium amounts that are due.

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