Product Screenshots

Have a look at the product screenshots of PrecentiaLife
Straight Through Proposal Acceptance

Ability to Jet underwrite proposal to acceptance

Diversified Product Classes

Supports Traditional, Unit-linked, Universal life, Medical & Annuities products

Diversified Distribution Channels

Supports Agency, Bancassurance, Brokers & Direct Marketing channels with unlimited hierarchy level

Customer Retention

Focus on Customer Centricity with Customer view & Client ID based

Flexibility & Fast Deployment of New Products

Possess Comprehensive Parameter Driven for Business / process rules & formulae defined

Precision Of Coverage

Capability to drill to coverage component level for each plan

Accessibility

Modular & Accessibility - Through Corporate intranet, internet & mobility transactions

The comprehensive and integrated life administration system utilizing state-of-the-art technology that addresses many challenges faced by organizations. It’s flexibility gives the empowerment to fully manage business changes and product launches at speed without coding intervention. PrecentiaLife has assisted companies to succeed in manage through changing and competing business times.

Product Description
Please click for more information on PrecentiaLife
Product Maintenance
  • Supports traditional, unit-linked, universal Life, medical & annuity products
  • Supports products of single, regular and limited premium payments
  • Serve as centralized intelligence for all modules
  • Possess comprehensive parameter / formulae maintenance
  • Maintenance of benefit components as per plan
  • Ability to clone new product
New Business
  • Proposals inputs – standard & simplified
  • Prompt NB requirements as maintained
  • Auto-terminates proposal for incomplete requirements
  • Supports jet-underwriting
  • Calculates sum at risk on per life basis
  • Caters for special underwriting for privilege agents
  • Policy generation upon acceptance & premium received
Policy Servicing
  • Supports comprehensive types of minor & financial alterations
  • Supports policy loans, surrenders, reduced paid-ups, extended Term, automatic premium loan & advance / discounted premium
  • Supports lapse/revival, cancelled from inception & premium billing
  • Supports premium holiday, fund switching, premium re-directions & top-ups
  • Supports monthliversary charges
  • Supports policy value projections
Claims
  • Death
  • Total & Permanent Disability
  • Personal Accident
  • Dread Disease
  • Medical based reimbursement/cash simple and comprehensive benefits
  • Waiver premium
  • Supports additional/accelerated types of claims
  • Supports ex-gratia payments
  • Supports refund of premiums claims
Collections
  • Caters for types of premium methods based on cash, cheque, recurring & internal funding
  • Supports indebtedness repayment for loans
  • Supports tolerance level on premium payments
  • Supports home office collections
  • Supports manual transaction receipting
Disbursements
  • Caters for disbursement of
    1. Policy refunds
    2. Policy loans
    3. Withdrawals
    4. Surrenders
    5. Claims
    6. Channel compensations
  • Centralized disbursement for all modules
Channel Management
  • Supports agency, bancassurance, brokers, direct marketing channels
  • Caters for recruitment, promotion, demotion, transfer & termination
  • Generate sales, manpower, persistency & annual contest reports
  • Provides unrestricted hierarchy level
  • Maintain qualifications for product classes
Channel Compensation
  • Generate compensation for
    1. Commission
    2. Overriding
    3. Bonus
    4. Allowances
    5. Other incomes
Accounting
  • Caters for maintenance of chart of accounts
  • Generate GL entries
  • Integration with 3rd party Accounting software
Reinsurance
  • Ability to maintain multiple RI companies
  • Supports RI for
    1. Treaty
    2. Facultative
    3. Catastrophic
    4. Quota / surplus
  • Generates profit commission & claim recovery