Overview
What is SohamLife?
SohamLife is a comprehensive Life Insurance Software application designed for Life Insurance Companies. It caters to the complete life cycle of agent, claims, customer management, underwriting, reinsurance, and accounting information for the Life Insurance business. SohamLife is suitable for companies...
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Product Details
- About
- Tech Details
What is SohamLife?
SohamLife is a comprehensive Life Insurance Software application designed for Life Insurance Companies. It caters to the complete life cycle of agent, claims, customer management, underwriting, reinsurance, and accounting information for the Life Insurance business. SohamLife is suitable for companies of all sizes in the Life Insurance industry, including small to large enterprises. It is utilized by professionals such as insurance agents, underwriters, claims managers, and reinsurance companies.
Key Features
Product/Plan configuration: Users can leverage SohamLife to launch new insurance products and adapt existing ones to meet market needs. The software provides a comprehensive rating engine that allows users to configure their own ratings for optimal premium rates.
Underwriting: SohamLife streamlines the end-to-end process of onboarding customers and issuing policies, ensuring a seamless and efficient underwriting experience.
Agent Management: The software simplifies the processing of intermediaries and enhances the management of licenses and commissions for different types of intermediaries.
Policy Administration: SohamLife efficiently manages the entire policy-making process, including automatic pro-rata calculations. Users can access real-time information and updates on policies.
Accounts Management: The software offers a fully integrated and highly configurable module for comprehensive accounts management. Users can define the chart of accounts and handle multi-currency for insurance and general accounting purposes.
Claims: SohamLife utilizes data-driven analytics, workflows, and rule engines to ensure reliable claims processing. It helps protect businesses from claim fraud and leakages.
Reinsurance: The software seamlessly integrates with all modules, providing real-time treaty allocations and financial statements to streamline risk evaluation at both the underwriting and accounts levels.
MIS Reports: SohamLife allows users to generate parameterized reports in multiple versions, with extraction options available in PDF, HTML, and Excel formats. The dynamic report builder enables users to customize reports by selecting desired columns and order.
SohamLife Features
- Supported: Claims Management
- Supported: Commission Management
- Supported: Contact Management
- Supported: Document Management
- Supported: Insurance Policy Management
- Supported: Quotes/Estimates
SohamLife Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Web-Based, Windows |
