Individual Assurance

Setup

System provides for setting up of different plans/products, premium rates, agents and
agency units, interest rates, claim types, reinsurance treaties etc.

Proposal Maintenance

Creation and maintenance of proposal details, preferred plans,
capturing client details, their beneficiaries, medical requirements, initial deposits, conditions
and clauses, Fund Projections. Conversion from Proposal to Policy.

Premium Payments

After receipting in accounts, system supports allocation of receipts to
respective policies.

Policy Maintenance

Supports different endorsement types, e.g. additional deposit, change of
beneficiaries, change of policy details.

Loans Management

Creation of Policy Loans, approval of loans, Loan recoveries,
accompanying reports.

Reinsurance Processing

System generates Policy reinsurance premiums and reinsurance claim
recoveries depending on reinsurance setups. Accompanying reinsurance reports exist.

Claims Processing

System supports Partial Withdrawals, Full Withdrawals, Maturity,
Surrenders, Death Claims etc. depending on the setups and their application in various plans.
System generates discharge vouchers for accounts settlements.