Insurance is an important aspect of risk management for software development companies. It helps protect against various liabilities, unexpected events, and potential legal or financial challenges that can arise in the course of business. Here are some common insurance solutions for software development companies:
These are Life Insurance solutions.
1. iMultiplan- Multiplan is a Life Insurance Software designed to effectively manage the administration of Individual Life Insurance business from inception to policy maturity. It handles the necessary calculations involved, prompts on when payment is due, and alerts on wrong posting of payments.
2. Group-plan : A Life Insurance Software designed to effectively manage the administration of a large entity. i.e Associations, clubs, employees on a term assurance cover taken on it’s members. It handles the necessary calculations involved, prompts on annual premium renewals and alerts on wrong posting of payments.
Simplex travel is designed to manage the operations of travel insurance providing policy certification for medical expenses, trip cancellation(full/partial), Premium refund, lost luggage, flight accident and other losses incurred while traveling Internationally.
3. Islamic Insurance.
Takaful-Takaful is a type of Islamic insurance, where members contribute money into a pooling system in order to guarantee each other against loss or damage. Takaful-branded insurance is 100% Halal compliant and explains how it is the responsibility of individuals to cooperate and protect each other while making it very simple, easy to use and maintain.
4. Health Insurance Managements Solution.
MEDIGUARD is what every HMO organization needs to optimally contain cost and maximize healthcare delivery, utilizing sound medical
practice, using system assisted hospital management skills blended with insurance and risk management with accurate actuarial valuation.
Features includes but not limited to: Reporting (Detailed), Provider Portal, Claims Portal, Claims Refund, Underwriting, Etc.