Life, Annuity & Health
L&AH Insurance Solutions
Achieve Growth and Innovation through Digital Transformation
The L&AH market is evolving, pressuring insurers to improve both operationally and innovatively to stay relevant, drive growth and create long-term value. To meet customer needs, insurers must look to replace legacy operating models and core systems to deliver tailored, simple, affordable, digital products and services for individual, group and voluntary benefits that are grounded in value and trust. Insurance products with compelling customer experience and value-added services that meet the needs of life, health, wealth, and financial wellness bring broader market growth opportunities. Capturing these opportunities requires next-generation core platforms that meet these dynamic demands of customers today and in the future.
-
A Robust Platform
A Robust Platform
Majesco L&AH Intelligent Core Suite is a powerful, Cloud and API-enabled platform that supports Individual, Group and Voluntary Benefits, supporting portability of benefits to an individual product. Built to enable business growth across the customer’s lifecycle, the suite of solutions brings innovative capabilities for developing new products, services, and experiences that can change the game.
-
Rapid Innovation with Out-Of-the-Box Capabilities
Rapid Innovation with Out-Of-the-Box Capabilities
A robust library of over 100+ predefined workflows and 1000+ Rules; ready-to-use product features, templates, rules, calculations, workflows, and best practices with reuse attributes for rapid product innovation and launch.
-
Optimized and Touchless Administration
Optimized and Touchless Administration
Optimized straight through processing (STP) – until choices need to be made; once a choice is made, it provides STP to realize true speed to value and competitive market position.
-
Easy Upgrades
Easy Upgrades
Proactive and automated monthly updates of new features and functionality for the Majesco software to keep your business up-to-date and ready for what’s next.
-
Intuitive Dashboards
Intuitive Dashboards
Intuitive and easy to read dashboards providing 360-degree view of the customer across policy, billing, and claims.
-
Powerful Case Management
Powerful Case Management
Powerful case management and workflow framework with robust capabilities for role and work assignments, queues and skill-based adjudication enabling full automation levels. Wizard-driven screens for complex transactions and multi-step processes.
-
Cloud and API-Enabled
Cloud and API-Enabled
Majesco L&AH Intelligent Core Suite is Cloud and API-enabled, bundled with expert services for a true competitive advantage and differentiation at speed, the right price and scale.
-
Architecture & Standards
Architecture & Standards
Built on next-generation architecture and open standards, combining an intuitive user experience with industry best practices collaborating with leaders and innovators within the industry.
-
Powerful Digital Experiences
Powerful Digital Experiences
Majesco Digital 360 Solutions provide next-gen digital experiences beyond portals and mobile to customers and agents offering them what, where and when they want it. Unlock innovative capabilities from a curated ecosystem of solution and data partners to create personalized experiences for today and tomorrow.
-
Data Rich
Data Rich
Data and analytics are the fuel for innovation and digital transformation. Majesco Analytics solutions including business intelligence and AI/ML analytics create and share meaningful data insights that can drive productivity and growth, while accelerating business transformation.
- A Robust Platform
- Rapid Innovation with Out-Of-the-Box Capabilities
- Optimized and Touchless Administration
- Easy Upgrades
- Intuitive Dashboards
- Powerful Case Management
- Cloud and API-Enabled
- Architecture & Standards
- Powerful Digital Experiences
- Data Rich
“When we analyzed Majesco’s product portfolio for both P&C and L&AH, there are a couple of highlights that we felt you know where Majesco was really leading the pack. We found very good about the portfolio was that Majesco’s insurance content manager is able to leverage a vast library of preconfigured product templates which is enabling rapid product development.”
Nehan Jain, Analyst at Quadrant Knowledge Solutions
Insurance Solutions
Featured Resources
Blog
Revisiting L&AH Products and Placement for Today’s Customers
“Would you like fries with that?” was never meant to be a polite question to make sure that we were satisfied. It was meant as an upsell. It is a perfectly-timed, pressure-driven question that often gets a positive response. It was marketing in the moment. In today’s terminology, we might call it “soft-embedded,” opt-in marketing.…
Blog
Faster Than We Can Learn: The Need for Digital Tech-Enabled Underwriting
Let’s talk about jellyfish risk for a moment. I saw lots of them on vacation this year at Gulf Shores, Alabama every day! In a world filled with risks of all kinds, shapes and sizes, the jellyfish is a little difficult to pin down. To some, the risk might seem insignificant, invisible, or shapeless — kind…
FAQ
Life insurance software assists insurance companies in administrating life insurance policies for their policyholders. This includes coverages such as Whole Life, Term Life, AD&D, UL, Critical Illness, Accident, Hospital Indemnity, STD, LTD, Dental, Vision, Legal, Fixed Annuities, Medical Supplement, Heart & Stroke, and Cancer across individual, and group and benefits.
Real-time policy enables insurers to follow the trend of “mass customization” to tailor services and customer experiences in real-time, tailoring policies, display preferences, pricing, among other options, to fit every individual preference, requirement, and lifestyle.
Any comprehensive solution should include modules to assist carriers with policy administration, billing, and claims. These should be Robust Out-of-the-Box Capabilities with pre-defined and ready-to-use product features, templates, rules, calculations, and workflows.
