ISF Life & General is a single end-to-end solution covering protection mentioned in ISF Individual Life, ISF Group Life, ISF Health, and ISF General. Only the risks are different for Life and General, but the standard functions, such as channel management, channel compensation, collections, payments, and subsidiary ledger are the same. Similarly, the customer and channel database are the same too.
Since it is a single solution, it is cheaper, easily managed, helps to bundle a complete solution for customers and saves cost as the same people are handling common functions.
If you are a composite Insurer (Writing Life, General and Medical Insurance) with a strategy to leverage on your business mix to cut costs and enable increased cross and up-selling opportunities, ISF can be the right backbone for you.
A single end-to-end system, which seamlessly helps you to configure both Life and General products and target your customers holistically for their long and short term risk coverage and saving needs. With centralized customer database, shared distribution management, centralized finance, it provides the right foundation for giving unified view and also in saving operational costs.
Flexible framework enables you to launch new products seamlessly with varying benefits and tailored pricing approaches. One modular integrated system on one technology platform offers low maintenance costs, faster launch of new products and new peripheral solutions.