Overview
SymbioSys Product Configurator as a Service enables Insurers to quickly configure Life, Annuity, Pension and Health products with an ability to integrate their front end tool. It provides flexibility for Insurer or IT solution provider to develop the front end mobile app or web solution powered with proven Product Configurator to enjoy best of both worlds. Said service comes with ready to use APIs and SDKs for building UI, Illustration modeling, validations for data capture etc.
SymbioSys Product configurator has configured over 500 base plans and 1000 plus riders so far and caters to the need of global insurance markets.
SymbioSys Product Configurator as a Service enhances the sales velocity of a new product and digitalization thru its capabilities like Ability to manage sales process in connected and disconnected mode Comprehensive set of APIs for building UI, handling validations related to minimum and maximum limits for Age, Sum Assured or face amount, Premium, Term, Payment Term, top up amount, withdrawal amount, fund allocation percentage, computation of Premium, Sum Assured or face amount, generation of Sales Illustration for New Business and In force Business
Ability to define packaging of various sales offerings within the Product by using Plan Options
Ability to configure applicable features for the Product like Joint Life, Supplementary Life, Multi Life, Withdrawal rules, Top up, Pre payment, Funds, limits, risk models etc.
Unique modeler to configure complex Actuarial calculations, illustration models, rules used to generate illustrations or capturing application
Ability to engage customer with Solvers to take informed decision on the right cover e.g. Target Fund Solver, Withdrawal Solver, Fund Sufficiency Solver, Pre payment Solver, Premium Offset Solver etc. thus proactively addressing customer objections for faster sales closure.
Ability to configure various rules, define features related to Sales Illustration and eApplication thru its powerful rule engine Enables product cloning to quickly launch product variants or versions simultaneously, targeting specific partners, seasonal campaigns and market segments
Ability to maintain product versions for regulatory compliance with effective date
Handshake seamlessly with digital ecosystem with ready real time API interfaces for necessary validations and computations.
Highlights
- Unified Product Configurator with availability across diverse digital platforms with ease of integration
- Ease of packaging various sales offerings within same product, Ease of configuring Riders along with Plan-Rider association rules
- Ability to configure products for Joint life, Supplementary life, multi-lives, Availability of solvers for engaging customers for informed decision making
Details
Features and programs
Financing for AWS Marketplace purchases
Pricing
Dimension | Description | Cost/month |
|---|---|---|
MonthlyImplementation | Subscription Fees - During Initial Implementation | $13,500.00 |
Monthly Fees Go Live | Subscription Fees - Post Go Live | $5,500.00 |
The following dimensions are not included in the contract terms, which will be charged based on your usage.
Dimension | Cost/unit |
|---|---|
Initial Setup Fees | $12,100.00 |
Vendor refund policy
Contact us to request a refund
Legal
Vendor terms and conditions
Content disclaimer
Delivery details
Software as a Service (SaaS)
SaaS delivers cloud-based software applications directly to customers over the internet. You can access these applications through a subscription model. You will pay recurring monthly usage fees through your AWS bill, while AWS handles deployment and infrastructure management, ensuring scalability, reliability, and seamless integration with other AWS services.
Resources
Vendor resources
Support
Vendor support
Sumanas Kar +919920378416
AWS infrastructure support
AWS Support is a one-on-one, fast-response support channel that is staffed 24x7x365 with experienced and technical support engineers. The service helps customers of all sizes and technical abilities to successfully utilize the products and features provided by Amazon Web Services.
