eBaoTech® GroupLife Suite
eBaoTech® GroupLife Suite has been developed over the last 11 years into a highly mature solution, currently supporting 12 installations across the Americas and Asia Pacific. It is a specialized product suite with the same architecture as the eBaoTech® LifeSystem Suite.
Group life insurance products supported:
- Traditional Life: term and credit life
- Accident and Health: accident, critical illness / dread disease, hospitalization, and major medical
Benefits at a Glance
- Substantially lower operating cost
- Advanced customization and integration capabilities
- Significantly improved customer service
- Dramatically reduced product lead-time
- Easy enhancement and maintenance capability
User Interface at a Glance
e-document template definition
Query on policy holder organization tree
eBaoTech GroupLife Suite consists of the following functional components: Policy Administration, Claims, Product Configurator, Underwriting, Channel Management, Finance, and Reinsurance.
Policy Administration
Integrated with image technology, eBaoTech® Policy Administration for group life insurance adopts an e-document uploading function for accelerating process of new business applications entry.
Claims
eBaoTech® Claims for group life insurance provides functionalities such as claims registration, acceptance, evaluation and approval.
Product Configurator
eBaoTech® Product Configurator for group life insurance accelerates the launch of new products through easy to use screens. Insurance product lines are employed to allow variations of each product to be defined from initially launched products.
Underwriting
eBaoTech® Underwriting for group life insurance supports underwriting requirements from other components such as new business, customer service and claims, with a range of underwriting decisions, extra premium loadings, restrict SA, letter generation for non-standard cases, and many more.
Channel Management
eBaoTech® Channel Management for group life insurance provides a standardized approach for the insurer to efficiently manage different sales channels, including agents and brokers. Commission rate can be setup in product definition or negotiate at policy level. The transfer of agents and their policy portfolios are supported.
Finance
eBaoTech® Finance for group life insurance manages real-time financial records. It provides functionalities and auditing support for all receivables and payables-related work, which includes various premium collection and disbursements methods, as well as accounts receivable and payable records for premiums and claims. It also provides interfaces to handle transactions through bank transfer. In addition, this component provides flexible posting rules and interfaces with various third party general ledger systems such as SAP or Oracle Finance.
Reinsurance
eBaoTech® Reinsurance for group life insurance supports reinsurance outwards business. It collects the data from other components such as new business, customer service and claims, then calculates the cessions automatically and generates facultative disposal cases.
See Other Featured Products
eBaoTech GeneralSystem Suite
eBaoTech LifeSystem Suite
eBaoTech SalesPlatform
Learn about our service offerings or check out our worldwide clients.
Download Brochure
Read the full brochure to learn more information about eBaoTech GroupLife Suite.
Client Testimonial
The eBaoTech SaaS model enables us to execute our vision and strategy in uncertain economic conditions and a highly competitive insurance market. eBaoTech’s SaaS solution will bring WanaArtha Life to a higher level of customer service where we can offer faster and more convenient service to our customers. During the installation period, the solid cooperation between the eBaoTech team from Shanghai, Singapore and Indonesia with our dedicated team was the key of success.
Eddy Berutu,
Chief Executive Officer of WanaArtha Life
