Benefits of the solution :
Simplified Process
The submission process is simplified by the use of the Mobile app right from the point the sales manager approaches the agent to the point the agent has been finally on-boarded.
Cost Saving:
The solution will help in reducing the high cost incurred in the process of recruitment. The use of scanners, operations manpower, courier/recourier of documents etc. is a regular cost incurred by the company which can be significantly saved.
Time Saving:
The processing time of document submission can be drastically reduced with the use of this solution.
Data Accuracy:
The data recorded using this app helps in improving the data quality and accuracy compared to other methods as the agent verifies and confirms sitting face to face with the SM.
Almost realtime processing:
The data and documents is pushed instantaneously to the server resulting in faster processing.
Productivity Enhanced:
The productivity of the entire sales force is enhanced as the time consumed in the on-boarding process is significantly reduced.
Regulator Compliance:
The entire process is in compliance with IRDAI regulations effective 1st April 2015 with the Form IA being available in electronic format.