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     INSURANCE SERVICES

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Life Insurer uses SBS to bring process discipline and reduce costs ... 

 

We work with three Life and General Insurers and have strong domain expertise in insurance processing. We provide a variety of processing services and are familiar with a broad range of products including accident, home, health, travel, vehicle, life, mortgage linked life, group-life etc.

General insurance
We process over 550,000+ transactions per year. Our service offering includes:

  • Application processing
  • Data entry
  • Policy processing
  • Receipting premium
  • Issue of policy
  • Renewals (and reminders)
  • Refunds
  • Policy administration& maintenance
  • Premium reconciliation
  • Customer service follow up
  • Claims processing
Life Insurance
We have processed over 1 million transactions for our clients. Our offerings include:
  • Group-life
  • Housing loan linked insurance
  • Endowment policies
  • Processing of proposals for new members
  • Maintenance of member information database
  • Reconciliation of premium receipts
  • Policy issue and dispatch
  • Renewal follow up
  • Follow up on queries (email, fax, phone, postal)
  • Administration and policy holder services
Agent management
We process all back-office tasks related to managing a large distribution force of insurance agents, including:
  • Creation of agent master
  • Input of IRDA training details/IRDA exam results
  • Service bills raised for training reconciled
  • Commission verified
  • Commission payout


 
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