QLife.Net is a web-based system developed by Dot.Cy to fulfill the requirements of Life Insurance companies with respect to life insurance quotation systems. Existing quotation systems used by the majority of life insurance firms are usually associated with huge overhead for maintaining the critical and continuously changing business rules. New insurance plans and changes in existing offerings force the IT departments of life insurance companies to constantly upgrade the systems and even dig into the code of legacy and outdated applications.

Dot.Cy's approach is based on modern web-based technologies. We believe that QLife.NET is the first .NET industrial-strength implementation of a life insurance quotation system. The fact that a web-based application is used for the creation and maintenance of life insurance quotations means that no software installations are required on client computers (company agents, sub-agents, individual clients). The complex business rules and parameters associated with life insurance plans are kept centralized on the database server thus cutting down all the hassle associated with system upgrades, release of new life insurance products etc. Changes, new plans, and system enhancements are automatically made available to all agents/clients since the actual quotation system runs in any web browser!

The system can operate within the company's intranet for use by internal agents, over the internet for use by the general public, or in an extranet so that mobile agents as well as company's subsidiaries and/or subagents can access the system in a secure manner.

Adding to the above the multiple support as well as the Windows-based, fully parameterized life insurance plan definition modules, QLife.NET is a must for all life insurance firms who want a robust, fully parametric system.

Plan Definition Module
QLife.NET is complemented by a Windows-based client/server application that enables the administrators to maintain/enhance the business rules of life insurance plans or create new business rule templates for use in existing or new plans and covers.

QLife.NET was developed with flexibility and full parameterization in mind. Via its intuitive, template based approach, the large majority of unit-linked and term life insurance plans can be created and maintained without the need to write a single line of code.

Equally flexible is the creation of covers; the system is designed to handle different types of primary and secondary covers with business rules as diverse as Personal Accident and Medical Cards.
Among others, the Windows-based plan creation system supports the following functionality:

• Definition of basic plans (with or without guarantees)
• Definition of primary and secondary covers
• Ability to mark covers as active/inactive
• Link of primary and secondary covers to basic plans
• Definition of one and two-dimensional tables to be used in premium calculations
• Definition of occupations and occupation classes and their respective premium loadings per cover
• Definition of text messages to appear in quotations
• Definition of minimum and maximum values for each cover and data entry fields and connection of certain minimum and maximum values to respective values of other covers
• Definition of allocation rates, surrender penalties, and bonuses

Web-Access
Once the life insurance plans (unit-linked and/or term) are created via the Windows-based administration module, they are subsequently made available for web-access and use. Each authorized user can log into the web-based quotation wizard is associated with a set of permissions which are managed via the Windows-based management application. A standard set of permissions exists for online users accessing the system via the company's web site and who would like to create life insurance quotation plans.

The system's client/server architecture and web-based quotation approach enable QLife.NET to instantly apply any changes in the business rules of existing plans as well as made instantly available any new plans created via the Windows-based plan definition modules.

Customization
Most of the system functionality is customizable via templates and parameters associated with the different plans and covers. Even the appearance of the final quotation to be printed/viewed on the screen is fully customizable to a life insurance company's needs. The system can support multiple languages and the headers, footers and small prints (which are subject to change once too often) can be amended very easily and instantly without any specialized computer skills or amendments in the system's software code.

QLife.NET belongs to the new breed of software for life insurance firms. The use of Microsoft .NET technologies, and SQL Server 2000 database server, make QLife.NET an enterprise-strength application providing full security and data integrity while at the same time keeping its initial and running costs to affordable levels even for small life insurance firms. Plan management reaches new levels of simplicity without compromising quality and functionality.

QLife.NET's return of investment will exceed your expectations. The web-based life insurance quotation wizard will prove the most valuable tool in your company's marketing efforts since it can be accessed via a standard web browser and will enable your company to penetrate the internet user population and become an early adopter of web-based life insurance technologies.

For a demo of QLife.NET please contact us to arrange a product presentation and discuss further your company's requirements.