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Retirement Products
AIGSS has experience in retirement products which spans to individual annuities, group annuities, immediate annuities, deferred annuities, fixed annuities, and variable annuities, both accumulation phase as well as payout phase. AIGSS develops and maintains systems offering functionalities like -
- New business – Pre-sales leads generation
system
- Account set-up
- Financial Transactions
- Premium, capital transfer, withdrawals, surrender,
transfer of value, reversals, policy loan set-up and
payment, product exchange, rollover, death-claims,
bonus processing
- Systematic transactions – systematic withdrawal,
systematic transfer of value
- Minimum distribution
- Accounting – Billing, deposits, lock box,
General Ledger, disbursements
- Agent Management– New agency set-up, maintenance
and commission maintenance
- Reporting – Periodic, MIS, tax, reserve reporting
- Actuarial and financial information system
- Non-financial transactions – Contribution
mix change, participant data maintenance, payroll
data change
- Market Value Adjustments - Negative, Positive
- Dollar Cost Averaging and analysis
- Confirmation statement – daily/transaction
confirms, quarterly confirms, annual confirms
- Annuity payout - Lump sum, Life annuity, Period
certain annuity, Joint life and survivor annuity,
Indexed annuity
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