The present scenario in the insurance industry with respect to customer registration or enrolment, premium calculation and premium collection is grim.  All processes require manual filling up of forms that are later scanned with the insured’s photograph. These are then sent to a back office  for further processing.

There is a high possibility of mismatch of the data captured and distributed. The system is also not scalable because of the high volume of data processed and time consuming procedures involved.

There following glitches are often encountered in such a system:
* Data loss during transition resulting in rework.
* High cost of infrastructure and manpower required
* Non scalability of the system because of the huge volume of data processed  and high time and effort spent

Our solution, based on efficient, scalable and cutting edge technology, eliminates all the drawbacks of the current system. The proposed system will replace the human element to a large extent by increasing efficiency and in-turn reducing the cost, time and errors considerably.


 
   
 
   
The Problem
  • Current paper based customer acquisition, Premium calculation, Premium collection system are tedious and prone to errors.

  • Cost of operation is considerably high and time consuming.

  • Does not allow scalability.
Solutions Benefit
  • Customer acquisition form

  • Photo and biometric capture

  • Premium calculation on the mobile

  • Premium Collection

  • Proof of collection through printout acknowledgement

  • Printout can be used for claims until the policy is delivered to the customer

  • Management Information system for better planning

  • Reduces operation cost and increases efficiency

  • Enables scalability
   
     
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