SohamLife is a fully web-based core insurance application supporting the complete lifecycle of insurance operations, starting from registration of proposals to the final settlement of claims by way of death claim or maturity claim. It is a client-centric solution providing any Insurer with the required flexibility and scalability, coupled with a short time-span for implementation and deployment.
The solution provides easy mechanism to view the status of the Proposal/Policy/Claim details either by an Agent or by the Life Assured himself.The solution provides seamless integration between Underwriting, Claims, Reinsurance and Accounting departments thus avoiding data redundancy.The solution addresses global as well as country-specific operational, processing and reporting requirements.
SohamLife is a multi-currency and multi-lingual application. It is a fully integrated component-based solution supporting the core business processes, and data entered into one component like Underwriting is available on real-time basis for Claims, Product Management, Policy Management, Reinsurance and Accounts for further processing.
The solution makes full use of their parameterised approach for the configuration of complex insurance products. The externalisation of parameterisation rules allows changes to be quickly made without the need for any programming changes.Built on component-based architecture, sohamLife is highly extensible and customisable product. Leveraging on the JEE design, the solution uses “Plug & Play” along with Dream Tekis Service
SohamLife is built on state-of-the art Java enterprise technology, which makes it robust, scalable and reliable application. Being built on Service-Oriented Architecture, the application supports high security and can be easily integrated with any third party applications.sohamLife provides easy mechanism to view the status of the Proposal/Policy/Claim details either by an Agent or by the Life Assured himself. The rule based fully integrated underwriting process enhances business functionality, whenever there is a change in the way you underwrite new business.
SohamLife automates several underwriting processes and reduces the time of data collation of Underwriter drastically. As sohamLife automates the gamut of life insurance process and speeds up the progression, thus improves customer satisfaction with high degree of customer retention. It has a check at every point which may reduce the loss due to fraudulent claims. Highly advanced MIS reports help the management to understand every aspect of business from new business to valuation. Informative reports like Life Assured policy history with the company helps Underwriter to take right underwriting decision with calculation of exact sum at risk.
The sohamLife product is built around a strong but very straightforward business model that gives it a coherence and flexibility well above the norm which make it robust, scalable and reliable application.Because of this flexibility, the core product is easily adaptable to a variety of client business models – it will not impose its own constraints on products, processes or distribution.The sohamLife is highly user friendly built on the latest technologies with end-to-end integrated functionality which gives this product true multichannel capability.
The Product implementation capability of sohamLife is very flexible, easy to use, and relatively simple to learn. There are excellent and well developed modules in the system which should be able to support all the Life insurance domain requirements.SohamLife product has very solid and flexible Accounting, Claims, and New business modules with the functionality that is likely to support any client requirements.The product has demonstrable internationalization – multi currency and multi language calendars.
The user interface (browser based) is highly useable, yet easily customizable – with end-to-end integrated functionality & highly customer-centric approach with On-time delivery.Its workflow capability is tightly integrated with the rest of the application, giving simplified implementations a high degree of automation. In particular, it provides a highly flexible platform that will put the majority of business changes – the different features in each module make our product more reliable and trustworthy in Life insurance domain.
SohamLife application is a web-browser based highly integrated Life Insurance Management System, addresses the entire business process of Life Insurance from function of New Business, Underwriting, Policy Servicing, Claim Processing, Accounting, Reinsurance to Valuation.The application minimizes the re entry of the data that provides the flexibility to enter partial data with complete validation against business rules. sohamLife product is highly configurable with an incredible search option at every stage; right from New business to Valuation making application so user friendly.
Advantageous Modules in sohamLife Application:
The sohamLife product is built on State of the Art in Java Enterprise Web Application Development, which makes it robust, scalable and reliable application, using MS-SQL database.SohamLife is deployed in a classic three tier environment – Web, Application & Database servers and we are using JBOSS Application Server. The core system functionality is generated from J2EE environment to provide the reliable services. These are then connected to the web front end using Struts Framework. Other services (such as report generation) are provided by best-of-breed Open Source components.
Java programming has emerged as a leading development platform based on its modular, component-oriented architecture. sohamLife ensures the highest application quality and shortened development cycles by employing best-in-class J2EE application framework.The most common reason for adopting Java is that it simplifies development and deployment, also reducing time and costs. It offers companies portability and scalability to meet changing business needs.
The Product implementation capability of sohamLife is very flexible, easy to use, and relatively simple to learn.
Plug & Play feature of the solution along with Service Oriented Architecture (SOA) support.
There are excellent and well developed modules which should be able to support all the General insurance domain requirements.
Complete distribution solution – Scope of multi-channel & multi medium functionality
Its workflow capability is tightly integrated with the rest of the application, giving simplified implementations & a high degree of automation.
The user interface is highly useable, yet easily customizable – with end-to-end integrated functionality & highly customer-centric approach with on-time delivery.
Product Setup
The use of numerous tools and wizards that simplify setup and allow customizations, customers are free to use sohamLife product to almost any imaginable Life insurance process or business model.As being built on Service-Oriented Architecture, the sohamLife product support high security and can be easily integrated with any third party applications. As business logic is separate from internal code, translating into faster system changes as well as process transparency for regulatory compliance.In terms of the backend (database), sohamLife product is adaptable with market leading databases such as Microsoft SQL Server and Oracle database
Product Support
We have exclusive on-line support software where you can post your concerns / issues / questions with regards to our products.Our absolute dedicated support team will assist you to come out of any hiccup with the software. All the posted queries will be addressed with 48 hours from time of posting depending on the complexity.
You will be provided by a user account once the implementation and training has been completed.
Login to the support website with given user credentials.
Raise the issue by clicking on issue.
You will be notified with an email and the solution for the issue.
