OVERVIEW

PREMIA PensionPension providers are faced with increased competition, downward pressure on fees, reduced investment income, increasing compliance requirements and a changing distribution landscape.

PREMIA® Pension supports group pension, individual pension, provident fund, immediate/deferred annuities, define contribution/benefits and holds configurability for or similar products.

PREMIA® Pension solution can keep abreast of these trends and address challenges will create opportunities to develop their business and broaden relationships with existing clients.

WHY PREMIA® PENSION

  • Supports all kinds of annuity/pension plans
  • End to end solution covering  quotation , Conversion of policy, Withdrawal, addition/deletion of members , repayment and maturity.
  • Facility to define all applicable conditions for the product through front end.
  • Facility to setup annuity rates and can also configure Interim and Year-End rates for each year
  • Supports group pension policies
  • Support multi-channel distribution, B2B & B2C, end- to-end sales and service processing.
  • It’s open and modern Service Oriented Architecture.
  • Allows for easy integration to external third party and/or proprietary systems
  • Multi-tier architecture
  • Efficient policy servicing
  • Bi Lingual interface
  • Support Multi Currency
  • Reduce implementation time and Cost.
  • Improves TAT
  • Complete business view any times with integrated modules
  • Enhanced fraud prevention with transaction auditing capability