Products

The catalogue of insurance products the institution is licensed to sell, such as credit life, funeral cover or asset protection. Each product defines the rating basis, premium structure, default commission rate and the backing underwriter. Maintaining it correctly ensures every quote and policy prices and remits consistently.

Workflow

Open Products under Configuration.
Create a product and name the cover type (for example credit life).
Set the premium rating basis and default commission rate.
Assign the underwriter that carries the risk.
Activate the product so it appears in the quote wizard.

Fields reference

Every field on this screen, drawn from the live data model.

Field	Type	Required	Description
Website Messages `website_message_ids`	List	—	Website communication history
Base Premium `base_premium_amount`	Money	—	Used when premium_formula is empty
Premium Formula `premium_formula`	Text	—	Python expression. Variables: sum_assured, term_months. Example: sum_assured * 0.005 + 100
Commission % Override `commission_pct`	Decimal	—	Overrides underwriter default if > 0
Product Name `name`	Text	Yes	Product Name
Code `code`	Text	Yes	Code
Underwriter `underwriter_id`	Link → mfi.bancassurance.underwriter	Yes	Underwriter
Product Type `product_type`	Choice: Credit Life, Funeral, Health, Motor, Fire & Property, Agricultural / Crop & Livestock, Personal Accident, Property	Yes	Product Type
My Activity Deadline `my_activity_date_deadline`	Date	—	My Activity Deadline
Has Message `has_message`	Yes/No	—	Has Message
Ratings `rating_ids`	List	—	Ratings
Description `description`	Rich text	—	Description
Default Term (months) `term_months`	Number	—	Default Term (months)
Max Sum Assured `underwritten_max_sum`	Money	—	Max Sum Assured
Min Sum Assured `min_sum_assured`	Money	—	Min Sum Assured
Requires Medical Underwriting `requires_medical`	Yes/No	—	Requires Medical Underwriting
Currency `currency_id`	Link → res.currency	—	Currency
Company `company_id`	Link → res.company	—	Company
Active `active`	Yes/No	—	Active

Notes & rules

Model mfi.bancassurance.product; the template for quotes and policies.
Defines premium rating, commission rate and linked underwriter.
Common lines: credit life, funeral, personal accident, asset/loan protection.
Inactive products are hidden from new quoting but retain history.

Technical model: mfi.bancassurance.product · Record: Bancassurance Product