Investment products that pay out an income or lump sum of money to a beneficiary after death
While life insurance and pensions providers in developing countries experience strong business growth, economic uncertainty and regulatory changes continue to challenge firms in more mature markets. Yet the potential for growth across all regions is high.
Smart providers are transforming their processes to engage customers with products that better meet their protection needs, and to deliver more personalized interactions across the entire customer journey.
Accelerating engagement with today's customers means having the right digital process foundations.
Fadata's INSIS platform helps life insurance and pensions firms implement advanced,
comprehensive processes across all major product lines.
Full Life & Pensions Product Coverage
Investment products that pay out an income or lump sum of money to a beneficiary after death
Policies that give protection for a specified period of time, during which proceeds are payable to a beneficiary
Policies that pay a financial benefit in the event of a specified injury or accidental death
Policies with fixed premiums that remain in force for an insured person's entire life or until the maturity date of a policy, subject to premiums being paid
Policies administered by employers to providefinancial protection to employees and their families in the event of illness or unexpected death. Comprises Group Life Assurance, Group Income Protection and Group Critical Illness.
Group scheme policies that provide life cover together with a savings or investment element. Policies pay out a lump sum in the event of a scheme member's death or on a specified date, e.g. upon retirement.
Schemes that provide individuals with an income after retirement, usually in the form of monthly payments. Pension schemes may be 'defined benefit', 'defined contribution' or 'hybrid' schemes combining defined benefit and contribution features.
Investment-linked annuities where retirement income is linked to the performance of investment funds units
Permanent-life policies with a savings element and flexible benefits. Contributions are invested to provide a cash value, and the interest from accumulated savings can be used to help pay premiums
Policies that provide a guaranteed minimum death benefit. Policy benefits can be increased without the need for additional premiums, and insureds can use net investment returns to increase benefits.
Tax-deferred retirement vehicles that offer individuals a selection of investments and the provision of an income upon retirement, which is determined by the performance the chosen investments
Insurance business conducted in accordance with Islamic law and principles, and with characteristics similar to those of mutual insurance
Read how Anadolu Hayat Emeklilik, a leading provider in the rapidly developing Turkish pensions and life insurance market, transformed its core business processes to align with evolving digital customer journeys, take advantage of regulatory change, and stay competitive. The result? Improved speed to market, automated processes, integration with high-volume digital self-service channels, and marked improvements in operational efficiency.
CASE STUDY
INSIS offers life insurers and pension providers comprehensive operational capabilities.
These extend from front-office customer and agent interactions to back-office processes and data management.
This gives you the end-to-end functionality needed to effectively engage your customers and partners across all important interactions.
In addition, INSIS offers life insurance and pensions providers with full business process and workflow management, business intelligence and analytics, and integration with your other key systems and technology innovations.
Deployment is flexible to match your needs – on-premise or SaaS.
