Insurance Policy Management System
Insurance Policy Management System (IPMS) helps manage various life stages of an insurance broker company which includes proposal creation, policy activation, renewal, commission calculation and reconciliation. The active policies would be tracked for its next due date for renewal and renewal notice would be disseminated from the system via SMS and email to the customer for extending better service and to repel the chance of cancellation of the premium due to non-payment. The policy status would be continuously monitored with the details from respective service providers and will intimate the customers for extending better service. The service provider would share the eligible commission for the broker and the same would be uploaded to the system.