You need to pay the following premiums to the accident insurance provider:
Accident Insurance Premium: Oracle HRMS captures the accident insurance provider information to enable the legal employer to pay the accident insurance premium to the accident insurance provider with which it has a policy.
Note: There can only be one accident insurance policy per legal employer but a local unit can have its own accident insurance policy.
Unemployment Insurance Premium: Unemployment insurance premium is an employee contribution. In addition to the employee unemployment insurance deductions, Oracle HRMS records the unemployment insurance premium information for third party payments and employer end-of-year reporting.
Group Life Insurance Premium: Oracle HRMS records the group life insurance premium information for third party payments and employer end-of-year reporting. You can process the group life insurance premium along with the accident insurance premiums.
Create your accident insurance providers.
Assign the correct accident insurance provider to the legal employer.
See: Assigning the Accident Insurance Providers to a Legal Employer
Assign a different accident insurance policy to the local unit if the local unit has coverage under a different policy from that of the legal employer.
See: Assigning the Accident Insurance Policy to a Local Unit
Link the Accident Insurance, Unemployment Insurance, and Group Life Insurance elements to your payroll.
Link the Accident Insurance, Unemployment Insurance, and Group Life Insurance elements to the employee's assignment.