TCS BaNCS for Life, Annuity and Pensions
TCS BaNCS for Life and Annuity caters to both traditional and unit-linked insurance products, offering a host of functionalities, along with a flexible workflow, ensuring efficiency for both open book and closed book operations. As an open book solution, TCS BaNCS enables quick time-to-market in introducing new products. As a solution for closed book operations, the solution’s successful track record of migrating and servicing large volumes of policies from diverse application portfolios onto a single platform has resulted in lower TCO.
TCS BaNCS for Life and Annuity, provides immense flexibility and scalability to respond to market needs on time through automated and efficient business processes, thereby engendering superior customer service. Designed for interoperability, TCS BaNCS implants itself seamlessly into an insurers’ ecosystem.
- Speed-to-market and flexibility
- Complete functional coverage
- Multi-channel delivery
- Easy integration
- Enhanced operational efficiency
- Process standardization