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OVERVIEW
Pension 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