Group Life and Group Credit Assurance

Setup

Flexible setup of Insurance Products, Riders, Tariffs, Benefits.

Quotations

Projected estimations and variances with benefits and riders. views to keep track of quotations which ultimately assists in business statistics.

Proposals

Conversion of Quotations to Proposals, with flexibility of changes

Policy Creation

Capturing of policy details e.g. clients and members, cover period, age limits,
free cover limits, discounts, riders, expected total premium. Policy approval is done at receipt
of first premium.

Medicals

System determined medicals where members' Sum Assureds is beyond Free Cover
Limits, verifies submitted medical reports by insureds

Endorsements

Addition / removal (freezing) of scheme members from time to time, as they
join or leave employment, processing of premiums for new members.

Premium Collection

Supports Cash, Cheque, Spreadsheet uploads, Reconciliations with online
payment options.

Commission Management

System maintains intermediary sub-ledgers, generates basic and
over-ride commissions for intermediaries, calculates taxes, and maintains intermediary
statements.

Renewal Notices

Towards the close of policy anniversary, the system generates renewal
notices which can be sent online to clients, or printed.

Reinsurance Processing

Flexible treaty setup, linked to different products. The system
generates reinsurance figures with reports to support.

Claims

Processing of Funeral benefits, death claims, disability claims. Generation of Discharge
Vouchers and Linkage to INSYNC Financials.

Reports

The system comes with basic Group Life reports. Customized reports can also be
developed and included at the request of clients.