| Group life and Travel Insurance
A solution was provided to a leading insurance company in Asia-pacific to implement the entire gamut of Group Life insurance business. Group life insurance is a type of life insurance in which a single contract covers an entire group of people. Typically, the policy owner is an employer or an entity such as a labor organization, and the policy covers the employees or members of the group. Group life insurance is often provided as part of a complete employee benefit package. In most cases, the cost of group coverage is far less than what the employees or members would pay for a similar amount of individual protection.
The solution addressed the following business processes of the organization
The solution provided was inclusive of a whole lot of reports and house keeping
module for the administrator to keep the generic details updated in the system Apart
from the delivery of the functionality, focus was given for correctness of premium
calculation, quick response to the users (performance), Ease of use for the non-computer
savvy users, Complete documentation of the system, Security, Accurate matching of
receipts and bills.
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