PREMIA Life is an all-inclusive, cost-efficient life insurance software product for insurance providers, which covers Individual Life, Group Life, Group Pension and Agency Management. Our life insurance software is an offshoot of PREMIA, a solutions suite preferred by leading global insurance providers.
Individual Life
PREMIA Individual Life incorporates statutory needs of different countries and also fits comfortably with your existing systems. The life insurance software product streamlines generation and exchange of every document you use, starting from customer quotation to the policy, schedules and financial statements.
Our life insurance software covers operations such as underwriting, premium collection, loan management, claims, reinsurance, agency management and financial accounting. Its modules also support endowment and anticipated endowment, mortgage plans, Unit Link plans, term life, whole life and anticipated whole life endowment with riders like waiver of premium, total permanent disability, double accident benefit, joint life cover, level term benefit, critical illness cover, inflation sensitive benefit, etc. The module also comes with a functional Agency Management module.
Group Life
For group life administration, you have to undertake risk selection for a large group of individuals, wherein economies of large volume operations are achieved through mass distribution and administration methods. The Premium rates applicable to a group at commencement depend on its size as also the occupation, employment and working conditions of the members of the group.
PREMIA Group Life helps achieve this objective in a simplistic manner.
Pension Plans
All your processes for Group Pension, Individual Pension, Immediate Annuity and Provident Fund get streamlined with PREMIA Life. The product also optimizes your procedures for interest rate definition and processing (either year-end or interim); maturity and withdrawal; year-end repayments; and rationalizes calculation of annuity and tax rates.