Powerful tools to enable your digital journey
EXL’s March 31st, 2022 LifePRO® Digital Insurance Administration Platform release provides a powerful set of new tools to drive digital evolution. Highlights of the many new features and options include:
Simply and Accelerate Product Introduction – LifePRO® allows business users to quickly configure new Products without coding or scripting languages. A variety of new features provide additional acceleration tools when introducing new products:
Enhanced templates
The powerful LifePRO® Template capabilities have been further enhanced to easily identify shared rules and rate definitions versus those that should be duplicated to a new Rule ID.
Rate upload process
Rate tables can easily be loaded directly in the user interface from a CSV template.
State approvals
A streamlined state approval interface allows for the seamless designation of valid states for a product.
Mortgage protection flexibility
New rule enhancements offer improved flexibility for Mortgage Protection Insurance with a variety of new parameters
Digitize Complex Transactions – LifePRO® offers flexible interoperability with other applications via a robust REST Service library. Our latest release offers service enablement for a significant number of new transactions including:
Specified amount increases for universal life plans
General ledger accounting manual adjustments
Traditional values projection for an existing policy
Health premium illustrations for a proposed new policy
Billing Flexibility – A variety of new features offer capability expansion including:
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Worksite Fees
Allows the definition of group level fees for individual worksite groups including per group or per policy fees with flexible descriptions and accounting definitions at the group level.
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XML billing option
A new option allows direct billing details to be generated to an XML data stream for improved ease of integration and easier access to additional billing details.
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Payment vendor & billing tokens
Enhancements to allow leveraging a third-party gateway provider to process Credit Card, PAC, and Direct Deposit payments.
Enhanced User Experience & Flexible Deployment – The LifePRO® Web User Interface offers a stateless deployment, customer centric user experience all enabled via Active directory security. With this release:
- Single Sign can be enabled for user access
- Additional 508 compliance updates for users with visual disabilities. This release provides additional visual enhancements in areas such as contrast, sizing and availability of keyboard controls to meet compliance standards.
- A variety of other new user experience enhancements are included in this release including additional drill down capabilities for fund level annual statement detail, streamlined agent advance and commission adjustment capability and a new user experience for specified amount increases.