Perform Policy Mid Term Adjustments

The Policy Mid Term Adjustments or Policy Alteration functionality allows you to make changes to the active policies, according to the customer's request. Through this functionality, you can make various changes on the policy with different impacts such as changes in the existing coverage on the policy, changes in the type of payment, changes in the frequency of payment and more. Each change in the policy also generates a new version of the policy so that the information is up to date and correct, according to customer requirements. The Mid Term Adjustments functionality has an impact on the value of the insurance premium, as through changes in coverage, the insurance premium may increase or decrease.