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Set Up Insurance Surcharges
Calculate applicable taxes and fees for Insurance quotes and policies by using surcharges.
Required Editions
| Available in: Lightning Experience |
| Available in: Enterprise, Unlimited, and Developer Editions of Digital Insurance Platform where DigitalInsuranceProductAdministrationAddOn is enabled. |
Create an Insurance Surcharge
To add a tax, fee, or discount to products, create a surcharge. You can apply surcharges to specific products, customers, or time periods and set them based on a percentage or a fixed amount.
Required Editions
| User Permissions Needed | |
|---|---|
| To create surcharges: | Manage Revenue Cloud |
- From the App Launcher, find and select Surcharges.
- Click New.
- Enter a name, calculation type (Amount, Rate, or Expression Set), and effective dates.
- Depending on the calculation type selected, enter data in the appropriate field. For example, if you selected Amount in the calculation type field, input info in the Amount field.
- Save the new surcharge.
Assign and Configure a Surcharge for a Product
To associate a specific surcharge to a product, assign it. Then, create rules to determine how and when the surcharge is applied.
Required Editions
| User Permissions Needed | |
|---|---|
| To assign surcharges: | Manage Revenue Cloud |
- From the App Launcher, find and select Products.
- Select the product you want to add the surcharge to.
- On the product record page, open the Product Surcharge tab and then click Add Product Surcharge.
- Select the surcharge from the list of available surcharges, and then save your work.
- Select Configure from the dropdown menu for the surcharge.
- On the Create New Rule screen, click Add Attribute in the Conditions section.
- Add details about the attribute value to apply the surcharge to.
- Save your changes.
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