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QualSoft's life insurance management software will take your company well into the new economy as the most efficiently managed life insurance provider software. It offers all the advantages of a turn-key facility in terms of functionality, ease of use, accuracy, speed and enhancement potential. QualSoft’s life insurance software is designed to transform your business to a strategic force in today’s fast-moving corporate arena.
Our life insurance system is a development tool designed specifically for the commercial life insurance industry that facilitates the consolidation of agency, new business tracking, marketing and accounting functions of a life insurance business.
The system has been developed after extensive research on the current and estimated future requirements of the life insurance industry. It is a fully integrated, immensely user friendly, interactive system that is designed to meet the business workflow of an life insurance company via user-defined parameters.
The state-of-the-art application represents the best in system design and is based on highly cost efficient. Moreover, QualSoft’s life insurance runs on the Oracle platform, the world’s foremost relational database management software.
Advantages of Life Insurance Software: QualSoft’s life insurance handles all facets of policy insurance: from design, creation, maintenance and in-force administration of whole life, term and variable life policies right through to claims, providing up to date production totals:
- Life insurance software handles both personal and check-off policies, complete details of risks and preparation of quotes at the point of sale.
- Policy owner’s service includes the management of contracts: features amount increases/decreases, death benefit option change, rate class changes, waiver processing, reinstatement and change of insured.
- Online features include enquiry of account values, transaction history, quotations, processing of loans, withdrawals, submit and death claims.
- Loan management can be single or by installments.
- Settlement benefits can be processed in the cases of disability, accident or death.
Within a comparatively short period of life insurance software implementation, the life insurance system will greatly enhance your company’s profitability. Increased efficiency will lead to increases in efficiency, premium collection and persistency and reduced overhead costs. Furthermore, the life insurance system is flexible and allows for limitless enhancement.
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