Majesco, a global provider of core insurance software, today announced the release of Majesco Policy for L&A and Group. Majesco policy for L&A and Group supports individual and group benefit products including true group, voluntary benefits, and worksite-on a single instance of a single platform.
Majesco policy for L&A and Group supports all tiers of individual and group insurers for life, annuity, disability, and other non-medical health products.
Chad Hersh, EVP for L&A and Group for Majesco commented, "Meeting changing insurance product needs requires flexibility, adaptability and speed to market for both individual and group L&A products. At the same time, rapid change and growth in the group space demands innovative solutions to help insurance leaders effectively take advantage of the market.
In today's new consumer-driven market, traditional walls between lines of business constrain insurers. Majesco policy for L&A and Group unleashes the potential to seamlessly offer group and individual products, and is designed to enable insurers to capture new and emerging customer and market opportunities."
Shares of the company declined Rs 14.30, or 3.34%, to settle at Rs 414.30. The total volume of shares traded was 42,284 at the BSE (Tuesday).