TCS BaNCS for Health Insurance

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Overview

The Health solution from TCS BaNCS for Insurance, powered by APIs and delivered on the cloud, is a complete solution suite, supporting a range of products, including customer management, product definition, plan and network management, policy administration, claims management, claims adjudication, insurance accounting and reinsurance, among others. The solution's easy-to-use, web-based interface supports global organizations with multiple languages and currencies.

TCS BaNCS caters to a wide gamut of products, sales channels, and lifecycle functionalities, enabling firms to rapidly create and configure new products across markets to increase profitability, scalability and develop a competitive edge through automated claim adjudication and fraud control.

Key Features

  • Product and plan management
  • CRM enabling partner management
  • Provider and network management
  • Underwriting and policy management
  • Policy servicing
  • Authorization and claims management
  • Workflow management

Key Benefits

  • Reduced time-to-market in launching new products
  • Multi-line,-channel, entity and multi-currency support through easy adoption of business processes, ratings; data masking needs for multi-channel deployment, ensuring transaction visibility
  • Enhanced efficiency through automation of standardized and simplified processes
  • Architectural superiority with layered componentized J2EE architecture and Open APIs, enabling easy partner integration and compliance reporting through standardized integration layers