FirstLife - Life Policy Administration System

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FirstLife is a web-based policy administration system supporting the complete cycle of life insurance operations starting from point-of-sale right through to the general ledger. It is a client-centric solution providing organizations with required flexibility and scalability, coupled with very short time span for implementation and deployment. FirstLife is an integrated policy administration system for life insurers and fully developed on J2EE platform.

FirstLife is a single system for both traditional and unit linked plans. It supports all types of life insurance including - Pure term insurance, Endowments, Annuities, Pensions, Long-term care insurance, Health & disability insurance, Retirement and financial protection. It provides an efficient fund creation tool ensuring seamless flow of accurate data during fund switch transactions.

Key Features

  • Customer Centric approach provides a single client view across all transactions.

  • Flexible Rule Engine for defining of transaction-level rules across all components.

  • Flexible Product Configurator allows businesses to set up simple to complex products very quickly.

  • Fully Integrated Application across all business processes starting from UW to General Ledger.

  • Support multiple distribution channels like agents and brokers.

  • Comprehensive Agency Management tool.

  • Capacity to generate Quote & Benefit Illustration at field offices.

  • Multilingual capability and multi-currency support.

  • Powerful communication features which enhance effective customer communication.

  • Accessible at point of sale or partner sites.

  • Ease of integration with partner systems.

  • Straight through automated operations which enhance productivity.

  • Simple to personalize screens to suit business processes.

  • Fully web-based for better customer servicing.

  • Real-time information available for business analysis and reporting.

  • Easy accounting - handling of high volumes, strong credit control, conformance to International Accounting Standards, full multi-currency handling, flexible settlement options, cash deposit management, online bank reconciliation, etc.