Insurance Policy Calculator Platform
Developed a comprehensive web application for insurance agents to generate accurate policy proposals, covering life insurance, wealth management, and investment-linked policies with streamlined workflows.
The Challenge
A leading insurance provider needed to modernize their policy proposal process for insurance agents. The existing manual calculation methods were time-consuming, prone to errors, and created bottlenecks in the sales process. Agents required a sophisticated yet user-friendly tool to quickly generate accurate policy proposals during customer consultations.
The solution needed to handle complex calculations across multiple product lines including life insurance, wealth management, and investment-linked policies. It required integration with backend systems for real-time premium calculations, policy terms, and regulatory compliance while maintaining data security and accuracy.
Our Solution
IT Consultancy
Provided strategic guidance on system architecture, calculation engine design, and integration strategies to ensure accuracy, performance, and seamless connectivity with existing insurance infrastructure.
Web Platform Development
Built a sophisticated web application with intuitive input forms, real-time calculation engine, policy comparison tools, and professional proposal generation with PDF export capabilities.
Key Features
Multi-Product Calculation Engine
Comprehensive calculation engine supporting life insurance, wealth management, and investment-linked policies. Intelligent input forms with validation and real-time premium calculations. Support for multiple coverage options, riders, and policy customizations with instant quote generation.
- Life insurance with term, whole life, and universal life options
- Wealth management with savings and endowment plans
- Investment-linked policies with fund selection and projections
Professional Proposal Generation
Automated generation of professional policy proposals with customizable templates. Comprehensive benefit illustrations, premium schedules, and policy terms. Export to PDF with branding and agent information for client presentations.
- Customizable proposal templates with company branding
- Detailed benefit illustrations and premium breakdowns
- One-click PDF export for client presentations
Agent Dashboard & History
Centralized dashboard for agents to manage all policy calculations and proposals. Complete history of generated quotes with search and filtering capabilities. Quick access to saved calculations for follow-up consultations and policy modifications.
- Secure agent authentication and role-based access
- Complete history of all generated proposals
- Save and retrieve calculations for future reference
Technical Implementation
Calculation Engine
Advanced calculation engine with actuarial formulas, real-time premium calculations, and support for complex policy structures.
Security & Compliance
Enterprise-grade security with role-based access control, data encryption, and compliance with insurance regulations.
Performance Optimization
Optimized for speed with instant calculations, responsive interface, and efficient data processing for seamless user experience.
Agent-Centric Design
Intuitive interface designed for insurance agents with streamlined workflows and minimal training requirements.
Impact & Results
Key Achievements
- Reduced policy proposal generation time by 80% from manual calculations
- Achieved 99.9% calculation accuracy with automated validation
- Empowered 500+ insurance agents with streamlined proposal generation
- Improved customer consultation experience with instant quotes
- Enhanced compliance with automated regulatory calculations