Insurance Brokerage Products
This system is meant for Insurance Brokers who deal with various types of Insurances & Licenses provided by the Insurance Companies (Suppliers).
The Policies can be of different types like General Insurance, Vehicle Insurance (TPL & Comprehensive), Red Card, International License, etc. Supplier-wise and customer-wise sales and revenue details can be generated. It also gives the customer-wise payment details with detail breakup of payments against each policy.
The Insurance Company is referred as the Supplier, which have various kinds of policies to be sold by the Brokerage Co. The system allows setting predefined commission percentage for different kind of policies and also allows setting the selling price based on the individual policies. The system also allows creating different kind of policies and having endorsement transactions for either amendments or renewals.
The Customer can make payments and they can be adjusted either against one policy or multiple policies. It allows the flexibility of making partial payments and the system will take care of the pending payments when the customer wants to pay the balance amount.
The Policy can be issued from multiple branches against different salesman and commission percentage can be set for different salesmen on the total sales generated which can be used for reporting.
The information regarding the claims raised by the customer can be maintained for further reference.
Policy Report â€“ The policy report will list all the policies by the date of creation and the number of the policy.
Expiry Report & Monthly Reminder Report â€“ This report will print the policies along with their expiry date which can serve as a monthly reminder report.
Total Production By Supplier â€“ This report will provide supplier-wise, volume of insurance policies issued.
Total Production By Customer - This report will provide customer-wise volume of insurance policies sold.
Total Sales Report â€“ The Sales report will list the total sales based on a date range.
Customer Payment Report â€“ Payments by Customers can be reported based on a date range and by Customers.
Salesman Commission Report â€“ Commission payable to the Salesman can be generated based on a date range and by Salesmen.