Bancassurance

Banks are no more a traditional entities accepting deposits and offering loans alone. As technology evolved and financial services began to converge, banks began to use their customer base for up selling and cross selling of financial services. Bancassurance with its huge scope has evolved in a huge manner that it has become a separate business initiative in itself.

Bankers in India shall deal with different insurance carriers at different periods. The need of the time is for an agile platform that provides banks with freedom and controls to issue insurance policies within the Business operation procedure defined in the Bancassurance agreement.

GoDB, with its vast experience in Insurance industry, offers a Bancassurance platform that allows the banker to:

• Register new customers



• Capture quotation / proposal details & issue the quotation print out instantly.



• Accept payments & convert a quotation into policy.



• Provide Policy schedule print out instantly.



• Synchronize the policy details to the Insurer's Central System.

GoDB's Synchronization Delivery Platform allows seamless integration with Policy Administration System of the Insurer for pushing policy details and pulling latest plans and pricing information.