The core ibits system includes a complete Life and Health administration which is designed to manage the initial application, underwriting validation and rating, issuance billing and collection - in other words right through the entire policy life cycle. This is a highly configurable system which will allow you to design rules, rating, output documents, look and feel as well as users workflows in the manner that best suits your business and underlying products. Some of the functionality features are:

• Any number of underwriting rules and rates - you can configure the system to do complete electronic underwriting and acceptance
• Variable age rules including automatic benefit changes, cancellation and replacement of products based on age rules
• Complete dependant and beneficary recording including all student and age rule qualifications and automatic terminations
• All rates and rules driven by effective date so many can exist at the same time
• Surrender and Paid up calculations for "whole of life" products
• Complete policy history maintained
• Document production, including certificates of Insurance, paper bills, whole of life benefit schedules etc - all user defined using WORD
• All output documents automatically electronically filed as a PDF file and indexed to insured
• Variable billing and payment methods including:
• Payroll deduction - including electronic interface with common payroll systems
• Autonatic Bank Deduction
• Paper Bills
• Pension Deduction
• Credit card