Sunshine Evolution 5.0
Life / death Insurance
Sunshine Presentation › Loan insurance › Life-death Insurance › Pension-Savings › Health insurance › Annuities › Accounting rules ›
The Sunshine Evolution 5.0 solution provides a comprehensive range of technical and financial mechanisms required for managing life-death insurance (personal and group):
Underwriting
- Risk assessment
- Medical approval
- Coverage exclusion, etc
Management
- Issuing premiums
- Payment collections/allocations
- Dunning procedures, notifications
- Handling legal disputes
- Policy remuneration, etc.
Endorsements
- Beneficiary modifications
- Revaluations
- Coverage transformations
- • modifying capital conditions
- • surrender, withdrawal
- • reduction, etc.
- Suspension/returns to service, etc
Benefits management
- Multi-policies administration
- Managing supporting documents
- Setting up annuities
- • Annuitant, surviving spouse, education, etc.
- Benefits revaluation
- Benefits termination, etc.
Main categorie of life-death insurance benefits in personal and group insurance
Life
- Lump sum payment
- Annuity payment *
- • Life annuity
Death
- Death benefit payment
- Spouse annuity payment *
- • Temporary annuity
- • Life annuity
Sick leave
- Incapacity (daily compensations)
- Invalidity (invalidity pension)
- Exemption and maintenance of the death coverage
Other guarantees
- Dependency
- Unemployment
- Funeral expenses
*The Sunshine Evolution 5.0 life-death insurance package only set up the annuity. Sunshine Annuities package is required to administrate annuity payments.
A comprehensive solution for all life-death insurance policies
Actuarial formula-based policies
- Term life
- Universal life
- Endowment
- Whole life
- etc.
Contingency policies
- Death benefit
- Daily compensations
- Disability benefits
- etc.
