Majesco Life AdminPlus

Majesco Life AdminPlus is a highly flexible, scalable, web-based policy administration SaaS solution for the life, pensions, annuities, and wealth management sectors that supports the full policy lifecycle.

Majesco Life AdminPlus has been designed to support multi-channel distribution, B2B & B2C, end- to-end sales and service processing. Its open and modern Service Oriented Architecture allows for easy integration to external third party and/or proprietary systems.

Majesco Life AdminPlus supports all aspects of the policy lifecycle from quotation to policy issue, policy servicing and right through to payment of a claim or policy expiry.

The main features of Majesco Life AdminPlus are:

• Configuration through Product Development Application
• Regular premium processing
• Online illustrations, projections and valuations
• New business
• Straight Through Processing
• Policy issue
• Pipeline management
• Minor and major alterations
• Client changes
• Premium increases / decreases
• Single premium top-ups
• Scheduled transaction processing
• No batch window
• Fund / Unit movements
• Withdrawals, Annuities and claims – Payments including one-off claim, annuity payment or withdrawals.
• Document manager
• Single customer identifier – customer centric.
• Modern Service Oriented Architecture (SOA)

Benefits of Majesco Life AdminPlus include:

• Speed to market for new products – by configuring new products using the Exaxe industry leading Product Development Application (PDA).
• Flexibility – to launch and amend new products / variants as required for new and existing business.
• Reduced administrative costs – Straight Through Processing (STP).
• Improved customer service – faster turnaround, reduced errors, and improved data quality. Allows access by your customers and IFA’s to enquiry and self-service transactions.
• Greater visibility & control for managers
• Rapid implementation – can take as little as 20 weeks to implement.
• Cost and process efficiency – reduced transaction costs and greater process efficiencies by reducing manual processes and duplicate data entry.
• Ease of integration with third party systems