ABC ABFL Group Credit Life Premium Calculator – This premium calculator mobile application enables the user to compute premium amount for short term secured & unsecured, Business and Personal Loans for ABFL channel. Users need to use their username and password to login to the application at the first use after installation/update and for the subsequent use of the application user need not authenticate. User need to be connected to the mobile internet during the authentication process. User inputs following input parameters, which are to be used as the basis for computation of premium amount, after clicking Short term secured loan, business loan or personal icon from the home screen as per the user requirement. Subsequent to this user is prompted for the premium segment whether “Classic” or “Premier”.

1. Loan Reference No.
2. Loan Disbursement Date
3. Insurance Application Date
4. Insurance Amount
5. Loan Tenure (Months)
6. Joint Life Cover
7. Applicant Name
8. Applicant Date of Birth
9. Applicant Gender
10. Annual Income

In case of Joint Cover is "Yes" the input parameters from 7 to 9 is also captured for Co-Applicant.

Once the user clicks "Calculate Premium" button the application computes the premium and shows it in the subsequent screen. User can share this screen's image via email/ messaging applications by tapping the share icon from the top.
User will be in position to view the product brochure by tapping the document icon from the home screen. User can logout by tapping the logout button on the top after completing his computations.

This premium calculator is for internal circulation only.