Overview

This feature allows you to bundle value-added products, such as credit life insurance from GroupsRUs (GRU), directly into a new loan agreement. The process is fully integrated, guiding you through product selection, client consent, a real-time policy quotation, due diligence questions, and electronic signature capture using an Allps USB terminal.

Prerequisites & System Requirements

Before adding a MAXUP product, ensure the following conditions are met:

• User Permissions: The MaxUp Loan resource must be enabled for your user role by an administrator.
• Loan Status: The loan must be in an Active status. The premium calculations are dependent on the final loan amounts.
• CSP Configuration: The Preferred CSP selected for the loan must be Allps.
• Authorisation Type: The Type of Authorisation for the collection must be a real-time method, such as TT1 RT or TT3. Delayed authorisation types are not supported for this process.
• Follow Integration Guidelines: Adhere to all specific procedural guidelines for the MAXUP integration.

Step-by-Step Guide to Adding a GRU Product

The process begins within the New Loan wizard, typically on a "Value-Add Products" or "MAXUP" screen.

1. Initiate the MAXUP Payment

1. From the main screen, click the "Add a New MAXUP Payment" button.
2. An initial form will appear.
   • Maxup product: Select the desired GRU product from the dropdown list.
   • Product Inception Date: Select the date the policy will begin.
3. Click Next to proceed to the detailed configuration steps.

2. Step 1: Client Consent for Voluntary Cover

This step captures the client's choice regarding optional voluntary life cover.

• To INCLUDE Voluntary Life Cover:

  1. Select the product from the list.
  2. Ensure the "consent" box is ticked to confirm the client is opting in.
  3. Click Save.

• To DECLINE Voluntary Life Cover:

  1. Select the product from the list.
  2. Ensure the "consent" box is NOT ticked.
  3. Click Save. (Only the mandatory Credit Life policy will be added to the loan).

3. Step 2: Quotation and Due Diligence

After saving the consent choice, the system retrieves a policy quote from GRU.

1. Answer the on-screen Due Diligence questions as posed to the client.
2. Provide a Rating between 1 and 3 based on the client's answers. A rating of 0 is not permitted.
3. Click Next.

4. Step 3: Review Final Policy

MAXMONEY sends the due diligence answers to GRU and displays the final, confirmed policy details on the screen. This will include:

• The mandatory Credit Life policy details.
• The optional Voluntary Life cover details, if the client consented.
• A breakdown of cover amounts and monthly premiums.

5. Step 4: Capture Electronic Signature

The final step is to obtain the client's signature electronically.

1. Review the final policy details with the client.
2. Click the "Get Client Signature" button.
3. This action will activate the connected Allps USB terminal.
4. The terminal will prompt the client to sign on the signature pad to finalize the agreement.