Majesco Life AdvicePlus
Majesco Life AdvicePlus is a web-based SaaS robo-advice solution for life and pension products that provides financial lifestyle recommendations straight through to acquisition.
Majesco Life AdvicePlus provides automated advice to consumers at a fraction of the normal delivery cost by establishing the financial needs of the clients and then providing personalised recommendations.
Majesco Life AdvicePlus is aimed at organisations operating within a compliant and regulated environment as it allows for a fully auditable automated robo advice process.
The main features of Majesco Life AdvicePlus are:
- Ability to set financial objectives and priorities
- Save and update financial profile using the secure client portal
- Needs analysis and identification of any shortfalls
- Graphically present financial analysis
- Filters for product eligibility
- Financial product recommendations
- Personalised illustrations
- Quotation and comparative quotes
- Integrated suitability assessment
- Priority led journey
- Graphically displays revised financial position
- Integrated underwriting
- Banking and Anti Money Laundering documents upload
- Integrated e-application
- Signature capture
- Online medical questionnaires / Underwriting
- Straight through processing to policy administration system
Benefits of Majesco Life AdvicePlus include:
- Cross product robo-advice solution
- Reduced administrative costs – Straight Through Processing (STP).
- Improved customer service – faster turnaround, reduced errors, and improved data quality. Allows access by end-customers for full self-service and ongoing updates.
- 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
- Empowers life and pensions provider’s digital transformation strategy
- Capability to implement D2C Channel or to digitally transform an advisor channel