TurnQuest Life & Pensions is a fully integrated system that caters for all life based business in an insurance company. It comprises three primary modules, Ordinary/ Individual Life, Group Life and Pensions modules.
TurnQuest Individual Life
If you are looking for a comprehensive individual administration or claims system, Turnkey has what you need. TurnQuest Individual Life gives you total support for term life, whole life, endowment, Loans and savings, Permanent and short-term disability, various types of health including catastrophic illness, accident, and student plans. Processing is on-line, real-time, giving authorized users the ability to obtain accurate, up-todate information about any policyholder or dependent at any time. These benefits are realised through the following functional areas:
- TurnQuest Individual Quotation, Proposal & Marketing
- TurnQuest Individual Underwriting & Administration
- TurnQuest Individual Medical
- TurnQuest Individual Reinsurance
- TurnQuest Individual Claims
TurnQuest Group Business
At Turnkey we have a strong understanding of the group insurance marketplace, and have especially designed our group system structure to handle the unique needs of group processing. Offering a three tier approach, our system delivers the flexibility to develop defined books of business, associations, or major employer units within which clients, groups, internal divisions or small employer units can be added.
Employees or members, along with their dependents can then be enrolled for capture of detailed employee-level data. Our knowledge of the group environment makes a real difference, and our solutions give you total support for Group life, group loans and savings covers. Benefits/Riders supported include life, Credit/Loans & Saving, dependent life, long and short-term disability and funeral cover. Processing is on-line, real-time, giving authorized users the ability to obtain accurate, up-todate information about any insured group, employee or dependent at any time. These are all provided through;
- TurnQuest Group Quotations
- TurnQuest Group Underwriting and Administration
- TurnQuest Group Medical
- TurnQuest Group Reinsurance
- TurnQuest Group Claims
TurnQuest Individual and Group Pensions
TurnQuest LMS Pensions module manages the pension business and helps in dealing with the complex set of rules and regulations, which govern the pensions. It covers all the main types of pension arrangements including:
- Defined Contribution Schemes
- Defined Benefit Schemes
- Personal Pensions
- Retirement Annuities
The integrated TurnQuest Life and Pensions handles various processing flows, and handles more than twenty specified benefits and rider types including:
- Accident Cover (Basic and Additional)
- Accident Indemnity (Self and Spouse)
- Loans and Savings
- Disability (Short term or permanent)
- Waiver of premium
- Funeral (Self, Spouse and children)
- Option to increase value
- School Fees
- Endowment (Anticipated, Ordinary or Triple)
- Whole Life
- Term cover
- Critical illness
- Other customizable product specific riders
The benefits and riders are completely developed and maintained by the user with appropriate security levels, and do not require programming intervention for use. The user may develop any number of benefits and riders, for individual and group business. Other functions of this feature-rich administration system include
- Work flow management
- Customer management
- Policy Management
- Scheme Management including rating and automated renewals
- Quotations (Single or Multi-product)
- Claims and reinsurance management
- Accounting module with an interface to the TurnQuest Financials
- Full document Management
- Medical requirements management
- Voluntary payroll deduction list billing (Check off management),
- advance and net payments,
- conditional cash,
- premium receipt and disbursal,
- refunds,
- late and cancellation notices,
- agent contracts,
- commission payments,
- detailed premium accounting,
- and full reporting.
For Individual, Group, and Pensions, TurnQuest LMS is your answer.