• FirstLife is a multi-line package product, multi-language, multi-currency application, and can be implemented in different languages in different Countries.

• It is a fully integrated application supporting the core business processes. Data entered in the source component of Quotation cum Benefit Illustrator or New Business is available on real time basis for Reinsurance, Claims, and Accounts for further processing.

• Being on a web-based platform - the system can be accessed at any remote location, thereby continuously providing real time information.

• Extensive standard reports which are data rich, coupled with the capability to generate any ad hoc report, disseminates critical information to users in real time.

• FirstLife makes full use of its parameterized approach for the configuration of plans including complex rating and authorization levels. The externalization of business rules allows changes to be quickly made without the need for any programming changes.

• A single system supporting – Health Insurance and Long Term Care in addition to Traditional life, Unit Linked and annuities, seamlessly integrates with other components like, Quotation-cum-Benefit Illustrator, Booking and Billing, Accounts, Claims etc. providing more flexibility at transaction level.

• FirstLife Component comes with a Fund Management tool that allows you to create new funds and manage the same. It can be easily liked to the external Asset Management System.  The upload of NAV rates on a daily basis can be automatic or manual. 

• FirstLife efficiently handles the complex process flow of unit-linked funds from order intake, allocation in accordance with the rules specified, fund transfers, premium re-direction, additional (investment) payment, withdrawal to final reporting. It is user friendly and gives a very visual and understandable analysis of the complex structure.

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