In this blog entry, we will focus on one particular benefit type being supported in SAP SF EC Global Benefits: insurance. Insurances are a big part of enterprises the employee’s perk package that help attract and retain clients but to this date, there are very few references or blog on SAP SF Insurances. Therefore, I’m hoping to fill some of this gap with this entry.
The insurance benefit type is very flexible and can cover the typical insurance uses cases such as:
Life Health care Dental care Short Term Leave (STD) Long Term Leave (LTD) Accidental Death and mutilation Travel And more Insurance objects
There are a lot of objects to understand when configuring insurances in global benefits. The picture below is an overview of all the main objects and how they are connected together. In this section, we will do a brief overview of every object and show how it looks configured in SAP SuccesFactors Global Benefits.
Insurance coverage is the inclusion of an insurance policy or the amount available to meet liabilities. There are 4 coverage options within SAP SuccessFactors:
The coverage amount is a specific amount of coverage. For example, a basic life
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