Majesco Life DistributionPlus Capabilities
Complex made simple
Manage multiple categories and hierarchies in one unified, flexible and scalable system
Flexible compensation management
Flexible fee structure and commission calculations with automated reporting and payments
Improved operational effectiveness
Streamline business processes and reduce risk of exposure or fraud
Enhanced customer service
Real-time SaaS system with online self-servicing, multi-currency and multi-language environment
Majesco Life DistributionPlus
- An agent-centric model for supporting multi-dimensional hierarchies and individualised commission and fee structures
- SaaS (Software as a Service) – subscription-based licence model with option of cloud based deployments which provides cost savings, flexibility and regulatory compliance.
- Lower total cost of ownership – subscription based pricing
- Reduction in operational risk with an automated functionally complete solution
Enable compensation models
- Real-time, automated processing and adjustment of multiple compensation plans such as flat commissions, transactional and percentage commission structures
- All forms of automated compensation calculation and payment including bonuses, uplifts, and thresholds.
- Automated regulatory validation of distributors and reporting
- Documentation, statement and email configuration
Complete transactional view
- Integrated with your entire ecosystem to see complete transaction status, rollbacks, reapplication and history
- Replacement of legacy systems / spreadsheets with a single solution
- Automated reporting, reconciliation and audit capabilities
Delivery and Solutions for Consulting Services for Life DistributionPlus Solutions
Ensure delivery success as you transform your business
Meet our customers who own the future of individual insurance
AXA Life Invest experienced some challenges with respect to the management of commissions and fees paid to its partners and approached Majesco to provide an enterprise solution for the management of fees and commission going forward. In a few short months, our relationship with Majesco has developed and we are pleased to have taken this next step with them.
Having decided to launch a Lifetime ISA we wanted to use a future-proofed cloud-based policy administration platform to support the product. The OneFamily Lifetime ISA product is now available to the public and we are pleased with the flexibility and process efficiencies provided by Majesco Life AdminPlus.
Life DistributionPlus Resources
A 2D Strategy: Distribution & Digital for High Performance
Digital channels in industries like retail are setting new customer expectations
Multi-Channel Distribution Mastery Report From Majesco & Denim®
Meet changing customer demands with the right channels, technologies, and partners
New Distribution Channels & New Data for Innovative Outcomes
How does your experience measure up with the Amazons, Apples and Googles of the world?
New Channels, New Data for Innovation
Insurers need to think like Google to make their data work for them