MicroSys
Reaching out to distributors in remote areas
Launching products based on the target customer segment
Communicating in customer’s preferred language
Enabling quick claims settlement with fraud control
Simplifying operational processes with straight through processing (STP)
Collecting acceptable documentary evidences & proofs
Reduced operations cost resulting in improved bottom line and sustainability
Improved customer retention through target segment specific products, flexible payment methods and effective communication
Improved top line through empowered distributors and target segment specific products across the system
Rationalized opportunity cost by freeing up the capacity for urban business on existing systems
Unique insurance product (group based / individual) for low cost / high volume Insurance Business
Irregular and low income customers
Remote location distribution through affinity groups
Decentralized Operations (Last mile collections and payments, Fraud Propensity)
Need for protection against diverse risk
Claim process is perceived arduous
Simplified Processes
Flexibility
Ease of Communication
Leverage Empowered Partners
Seamless Integration
Sustainable Model