Fixed - Plan by cart value

Lets set up Fixed - plan by cart value

Purpose:

• Provide flexibility in insurance charges – Merchants can define different plans for different spending levels.

• Ensure fairness for customers – A customer with a smaller cart does not pay the same insurance as someone with a higher cart value.

• Simplify cost calculation – Instead of complex percentage-based formulas, merchants can assign simple fixed amounts for each price range.

• Encourage higher order value – Customers may see that by increasing their cart value, they get a better coverage plan, which can improve average order value.

Steps to configure

1. Navigate to Insurance Plans Menu: Go to the Insurance Plans menu from the main menu.

2. Choose a Fixed Plan: Click the edit button, select the insurance plan type to "Fixed" and plan type to "Plan by Cart value"

3. Select Plan by Cart Value: Choose the Plan by Cart Value option under Fixed Plan.

4. View Existing Plans: You will see the list of created plans in the section below.

   

Choose the Plan by Cart Value and List of Plans

1. Create a New Plan:

   • Click on the "Add New Plan" button.

   • A popup will appear.

   • Enter the following details: 1. Plan Name 2. Minimum Amount 3. Maximum Amount 4. Amount for Insurance

   • Click the "Create" button.

   • The new plan will appear in the list.

Example Records:

Plan Name	Min Amount	Max Amount	Amount
Below 1000	10	100	5
Between 1000 - 2000	1000	2000	100
Between 2000 - 5000	2000	5000	250

Note:

Based on the order subtotal, the app will automatically compare the cart value with the defined Min and Max ranges, and then decide which insurance charge to apply. This means the insurance cost is not the same for all orders, but depends on the cart value range selected.

Output: