Bancassurance
Enable Memorable Life and Non-Life Insurance Product Experiences
Beyontec Suite for Bancassurance is a comprehensive solution for banks that sells Life and Non-life insurance products. Insurers can effortlessly streamline and control complete insurance broking back-office operations and its staff can now spend a significant part of their time with customers to grow the business.
Product Highlights
Beyontec Suite Bancassurance provides banks with a workflow driven insurance solution to meet the insurance needs of online banking customers. It allows you to offer insurance products based on the specific risk coverage needs of your existing banking customers.
Cloud Based Solutions
Keep up with shifting business trends with a core solution that is highly secure and scalable.
Workflow Driven Solutions
A future-ready, workflow-driven insurance system with the ability to create and manage business processes and work queues dynamically, ensuring SLA adherence.
Portal Driven Solutions
Establish an online presence to extend business activities online and serve more customers by interconnecting policyholders, brokers, surveyors, garages and all other business partners.
Pre-configured Products
The suite comes with 60+ pre-configured products for General, Medical and Life Insurance business making it easy to launch new products and modify existing products to market needs.
Automated Rating Engine
The suite comes with robust rating definitions to support complex rating algorithms, with reusable logic definitions. It can extend the automated rating process across all products and minimise the manual rating effort needed.
Business Rule Engine
The intuitive business rules engine of the suite allows insurer to configure both simple and complex rules definition using business-like terms for specific business needs and to meet regulatory norms.
API based Integration
The API library facilitates integration with most Banking systems and bank websites for seamless online business transactions.
Secured Platform
Enables secure access to application data by authorised users and allows for defining and managing users, groups, access rights, and authorities while implementing maker-checker compliance.
Customer Centric Solutions
By integrating and streamlining processes, the suite provides a single view of each policy holder, including personal details, policy premiums, dues, claims details, and receipts.
Cross Sell and Up Sell Engine
A customer-centric approach allows insurers to sell additional products to the customer with minimum level of underwriting and marketing.
Promotions Module
Defining of sales promotion through direct marketing and sales channels to create additional business opportunities.
Kiosk based Policy Issuance
The suite offers kiosk-based policy issuance system for better customer service and availability.. Policy issuance and payment processing can be integrated from Kiosk to the core banking system.
Payment Gateway Integration
Connects with multiple payment gateways - kiosk-based, credit card/ debit card-based systems for processing payments in real-time.
Seamless Integration with Bank Website
The API library facilitates integration with most Banking systems and bank websites for seamless online business transactions.
