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            Milestone Billing

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            Milestone Billing

            Milestone Billing, also referred to as Hybrid Billing, allows insurers to split premium and fee amounts across multiple invoices based on predefined milestone percentages and offset dates. This approach supports down payments and staggered collections across the policy lifecycle.

            Required Editions

            Available in: Lightning Experience
            Available in: Professional, Enterprise, and Unlimited Editions where Insurance Brokerage is enabled

            Milestone Billing is driven by Billing Treatments, which define how amounts are distributed over time, and is executed through policy lifecycle events using the standalone billing API.

            • Configure Milestone Billing for an Insurance Policy
              Set up an insurance policy and configure billing information with a milestone-based billing treatment, including defining percentage splits and offset dates using billing treatment items.
            • Generate Billing Schedules
              This task describes how billing schedules and billing schedule groups are generated for a policy using milestone (hybrid) billing during policy issuance.
             
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