SIBALIFE® Life System Suite: supports entire lifecycle operation of life insurance business ranging from new business, alterations, billing, collections, commission, claims, reinsurance, finance to compensation. SIBALIFE supports all mainstream products from traditional to investment linked, universal life, and annuity, with high degree of flexibility, configurability.
Policy Admin and Services
-
New Business Management
-
Product Management
-
Renewals
-
Loan Management
-
Channel Management
-
Extensive party/Customer management
-
Maturity
-
Alterations
-
Fund Management
Claim
-
Claim Intimation / Registration
-
Claims Settlement
-
Claims investigations and Assessment
-
Claims approval and payments
Reinsurance
-
Surplus Management
-
Facultative
-
Quota share Management
-
Comprehensive RI Commission and Premium Management
Finance
-
Billing
-
Reconciliation
-
Payments
-
Customizable Chart of Accounts
-
Accounts Payables
-
Pre-defined and custom reports
-
Collection
-
Automatic Bank / Service uploads
-
Accounting rules and GL
-
Accounts Receivables
-
General Ledger
Product Master Data Setup
-
Parametric Rating Tariff and Rules
-
User interface
-
Formulas integration
Reporting
-
Intuitive dashboard with Customizable widgets
-
Reports Scheduling feature
-
Export Facility
-
Comprehensive reporting engine
-
Over 200 default reports on Underwriting, Claims, RI and Accounts
-
Supports third party reporting tool integration
Common Features
User friendly UI
Role based multi-channel capabilities
Fully Integrated and Centralized system
Bulk import and Export capabilities
Accessible anytime anywhere
Built on State of the Art Microsoft stack technology
Fully web browser based application
Extensive security and auditing
Multi-Currency Support
Advanced security with Authentication server features
Dynamic report builder
Document management capabilities
Workflow management
Business Intelligence reports
Batch scheduler
Comprehensive formula and rule engine