Majesco L&A and Group Core Suite

A powerful insurance core suite platform empowering business growth and innovation for individual, group and voluntary benefits insurance.

insurance core systems solutions

Unparalleled opportunities are unfolding in the L&A individual, group and voluntary benefits insurance segment, offering unprecedented opportunities for growth and innovation in terms of new markets, new customers, and the demand for new products and services.

To capitalize on these opportunities, a modern, robust core insurance software platform is needed, one that enables speed to value, scales easily, and is designed and architected to rapidly adapt to market changes – keeping insurers at the leading edge.

Majesco L&A and Group Core Suite supports individual, group and voluntary benefits on a single platform, recognizing that growing and retaining customers, regardless of where they originate, is critical to insurers’ growth strategies. The suite provides essential core system capabilities for policy, billing and claims. The powerful design allows for rapid adaptation for new, innovative products or benefit plans, giving insurers the power, flexibility and speed needed to capture opportunities and create profitable growth.

That is the power of Majesco L&A and Group Suite.

Individual, Group, Voluntary Benefits & Worksite Under a Single Platform

Individual Life & Annuity

Life

Term, Whole, UL, VUL

Annuities

SPIA, SPDA, FPDA, EIA

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group, voluntary benefits and worksite icon

Group, Voluntary Benefits & Worksite

Basic Life
Supplemental Life
AD&D
Critical Illness
Accident
Hospital Indemnity

Short-term indemnity
Long term indemnity
Dental PPO
Dental DHMO
Vision
Legal

Majesco L&A and Group Core Suite Capabilities

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Shift from ‘selective STP’ to ‘always STP’

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True exception handling

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Digital first with an API EcoSystem and true STP plan and benefit configuration synergy

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Product feature flexibility with “pick and choose features”

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Client centric claims processing and rules from all claim types

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Provider management support

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Broad billing, payment and collections capabilities for all products

Majesco L&A and Group Core Suite

Business Value Delivered

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Speed to value

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Enhanced customer experience

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Empowered business agility

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Product breadth and depth for product innovation

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Efficient regulatory compliance

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Underwriting excellence

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Increased operational effectiveness

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Reduced operating costs

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EcoSystem capabilities

MetLife will pioneer the use of this industry-first, end-to-end digital solution, beginning with its small business customers. MetLife will have the ability to tailor and scale its benefit offerings from quote to claim.

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