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60% Reduction in Manual Errors     |     30% Higher Customer Satisfaction     |     50% Improvement in Operational Efficiency    |    30% Better Fraud Detection     |     60% Reduction in Manual Errors     |     30% Higher Customer Satisfaction     |     50% Improvement in Operational Efficiency    |    30% Better Fraud Detection     |     60% Reduction in Manual Errors     |     30% Higher Customer Satisfaction     |     50% Improvement in Operational Efficiency    |    30% Better Fraud Detection     |     60% Reduction in Manual Errors     |     30% Higher Customer Satisfaction     |     50% Improvement in Operational Efficiency    |    30% Better Fraud Detection     |     60% Reduction in Manual Errors     |     30% Higher Customer Satisfaction     |     50% Improvement in Operational Efficiency    |    30% Better Fraud Detection     |     60% Reduction in Manual Errors     |     30% Higher Customer Satisfaction     |     50% Improvement in Operational Efficiency    |    30% Better Fraud Detection     |    

“Newgen’s solutions for Life and Annuity insurance has worked wonders for us. By leveraging their technology, we have reduced the policy issuance time and optimized our entire portfolio. We consolidated over 100 complex request types and workflows into just 15 streamlined processes and unified four legacy systems into a single AI-driven repository.”

Chief Operations Officer, Leading Life & Annuity Insurance Company

Learn What Newgen’s Life & Annuity Insurance Solutions Can Do For You

Policy Issuance & Underwriting

Accelerate policy issuance with an automated underwriting engine, minimize abandonment rate, and drive policy growth.

Intelligent Claims Management

Deliver fast, fair, and hassle-free settlements for life insurance policyholders via automated adjudication processing.

Policy Booking & Binding

Streamline policy and clause lifecycle management with customizable templates and rules-based definitions for efficient updates.
Newgen’s AI-powered Policy Servicing For Life Insurance

Life insurers need an AI-powered, automated solution that extends across the entire journey for policy servicing.

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Key Benefits

  • Increase claim settlement accuracy with predictive insights and omnichannel verification
  • Strengthen security using enterprise-grade AI-powered fraud detection tools
  • Accelerate policy issuance with a ready-to-use template library and auto validation capabilities
  • Drive customer engagement through tailored interactions that drive higher quote-to-proposal conversion
  • Enhance agent performance with real-time monitoring and dynamic incentive models
Corporate professionals

Complete Journey Addressal with Newgen’s Solutions for Life & Annuity Insurance

Onboarding

Automate retail and group onboarding across all medical risk tiers to accelerate enrolment, stay compliant, and enhance the customer experience.

Claims

Transform individual and group claims with intelligent automation, streamlining death and fraud-probability cases for faster settlement, reduced leakage, and improved trust.

Renewals

Simplify individual and group renewals with smart technology. Enable instant or quick policy issuance across all risk levels for faster, error-free service and stronger customer loyalty.

Servicing

Streamline non-financial requests and policy changes, including contact updates, endorsements, surrenders, and rider adjustments, improving accuracy, speed and service quality.

Onboarding

Automate retail and group onboarding across all medical risk tiers to accelerate enrolment, stay compliant, and enhance the customer experience.

Claims

Transform individual and group claims with intelligent automation, streamlining death and fraud-probability cases for faster settlement, reduced leakage, and improved trust.

Renewals

Simplify individual and group renewals with smart technology. Enable instant or quick policy issuance across all risk levels for faster, error-free service and stronger customer loyalty.

Servicing

Streamline non-financial requests and policy changes, including contact updates, endorsements, surrenders, and rider adjustments, improving accuracy, speed and service quality.

Find Your Winning Strategy with Newgen

Request a demo to explore our solutions for omnichannel onboarding, fast policy issuance, and intelligent underwriting for life insurance journey automation.

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Got Questions?

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