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Home > Finacle > Finacle Bancassurance Solution

Key features

Multiproduct definition

Ability to define life, non-life, white labeled, unit linked and loan linked products

Premium rule maintenance

Options to tweak premium rule maintenance basis parameters like age, income range etc.

End to end transaction processing

Comprehensive handling for Policy Initiation, renewals and policy Servicing transactions

Comprehensive commission processing

Calculate & reconcile premium level, policy & bank level commissions

Reconciliation capabilities

Facilitates transaction & commission reconciliation

Policy maintenance

Maintains policy updates & premium schedules from Insurer

Key Benefits

  • Single solution for all bancassurance operations

  • Prevents revenue leakage through commission reconciliation

  • Efficient customer servicing through up to date policy information

  • Effective sales management through product suitability checks for customers

Client Stories

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