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.
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, money back, term life, whole life endowment with riders like waiver of premium, total permanent disability, double accident benefit, joint life cover, level term benefit, critical illness cover and inflation sensitive benefit.
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. 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.
PREMIA Life also comes loaded with a fully functional Agency Management module.