LIFEfit design features - browser & database
introduction |
new product flexibility |
distribution channels |
product range |
client records |
multiple features |
information access |
reporting |
on-line help |
accounting |
letters, emails, faxes, SMS and reports |
operating systems |
installation |
operational requirements
Introduction
LIFEfit has been designed and written by experienced life assurance specialists and uses the IBM U2 database. The system is an on-line, real-time, client/server application.
LIFEfit provides extensive functionality and operational advantages arising from its advanced design. All functionality is accessed using standard browser (internet/ intranet style) screens, so processing can take place at any geographical location, without limit to the number of locations.
New Product Flexibility
New products can be introduced simply and quickly. Life, health, pension, investment, accident and annuity products can be added to the system without the need for major IT involvement.
Distribution Channels
Adding new distribution channels and levels is a simple user task, just as changing existing ones. The system supports multiple sales forces, varying commission structures, brokers and tied agents.
Product Range
The system will administer group, single and multiple life, traditional, unit linked, health, interest sensitive and annuity products with premium, cover and benefit escalations.
