Search Knowledge Base Articles

Insurance List in HR Payroll

Insurance List

The Insurance List screen in Thulo HR Payroll is used to create and manage insurance types that can be applied to employee payroll calculations.

Examples of insurance types include:

  • Social Insurance

  • Health Insurance

  • Accident Insurance

  • Life Insurance

  • Employment Insurance

  • Other Employee Insurance Schemes

The insurance types configured on this screen can be used in:

  • Payroll Columns

  • Insurance Menu

Accessing the Insurance List Screen

  1. Navigate to Thulo HR → Payroll.

  2. Select Insurance List.

  3. Enter the required insurance information.

  4. Click Save to store the configuration.

Result

The insurance types created on this screen will be available for use in the Insurance menu and can be referenced in payroll calculations and payroll column formulas.

Insurance Calculation Basis

The Basis field determines how the insurance amount is calculated.

Available options include:

  • Gross Pay

  • Fixed Amount

Basis: Gross Pay

When Gross Pay is selected, the insurance amount is calculated as a percentage of the employee's gross salary.

Gross Pay Definition

Gross Pay refers to the employee's pre-tax salary amount calculated through the Payroll Columns configuration.

Example

Assume:

Field Value
Basis Gross Pay
Gross Pay 100,000
Rate 5%

Calculation

Insurance Amount = 100,000 × 5%
Insurance Amount = 5,000

The insurance deduction or contribution amount will be 5,000.

Note

When Gross Pay is selected, the Rate field must contain a percentage value.

Basis: Fixed Amount

When Fixed Amount is selected, the value entered in the Rate field is treated as a fixed insurance amount.

Example

Field Value
Basis Fixed Amount
Rate 2,000

Result

The insurance amount will always be 2,000, regardless of the employee's salary.

Note

When Fixed Amount is selected, the Rate field should contain the actual monetary amount rather than a percentage.

Important Notes

  • Insurance types created on this screen are available for assignment through the Insurance menu.

  • The configured insurance values can be used in payroll calculations and Payroll Column formulas.

  • When the Basis is Gross Pay, the Rate is calculated as a percentage of Gross Pay.

  • When the Basis is Fixed Amount, the Rate is treated as the actual insurance amount.

  • Changes made to insurance configurations will affect future payroll calculations after the data is saved.

Did you find this article useful?

Related Articles

';