NSURE-for New business & underwriting (Life Insurance)
Overview
KGiSL's Nsure New Business & Underwriting streamlines the process of acquiring new policies and assessing risk. Submission of insurance applications through various channels
is managed whilst automatically generating quotes based on predefined rules and risk factors. Through its auto underwriting capabilities, it expedites decision making for straight -forward cases, reducing manual intervention.
Key Features
Premium calculation based on multiple parameters, which is modular and can be safely extended with more parameters
Supports multiple Life assured with varied rider benefits (add-on optional benefits) for each
Bundled/Packaged Riders and Optional Riders
Automatic Loading or discounts based on various criteria
Auto underwriting which enables auto approval of most cases ( STP)
Key Benefits
- Faster turnaround time in processing times
- Lower operational cost
- Provides closed loop
- Multiple levels of validations for quality checks
- Enhances customer experience from proposal applications to policy issuance