Majesco Life AdminPlus

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Overview

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.

Key Features

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)

Key Benefits

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

Media

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Product/Service details

SOLUTION OR SERVICE TYPE
eApplication Systems, Policy Administration and Servicing (PAS) Systems - Individual / Group Life / Annuity / Pension Closed Block, Policy Administration and Servicing (PAS) Systems - Individual / Group Life / Annuity / Pensions, Product Design and Development Software
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