As human life and activities are surrounded by multiple uncertainties most of the individuals are getting insurance policies whether for own life or for business purpose. The aim is to stay secure from the impact of the contingent event. Still managing multiple policies and remembering its renewal, due premium and maturity is the most difficult task for investors and also for the advisors. Thus advisors and investors find it most suitable to manage their investment portfolio along with data of insurance policies. The solution is available in the RedVision’s Wealth elite a Mutual Fund Software that allows the advisor to handle the portfolio of client and also details of the insurance policies posses by them. The investors dealing in the investment markets are likely to have insurance and are based on advisors who let them remind about the policy. Still operating profile of many investors the advisors even find it typical to inform every investor about premium or maturity of policy on time. Thus the software moulds the burden of informing into an easy process.
How Wealth elite manage the insurance policy data?
The data of life insurance and general insurance is maintained to keep and track record of the policy occupied by the investors based on which the advisor can remind the client about the status of their policy. The facility is provided for the advisors so that management and delivering services to clients becomes a convenient process for them. The advisor needs to manually enter the data of the policy from its commencement to maturity date and the same details can be accessed any time and capable to edit as per the requirement. Also various features are available like viewing policy transaction and either to view or hide the matured policy.
Features to advisors for insurance management facility:
· Both life and general insurance policy information can be maintained.
· Easy to remind the client about the policy renewal, due premium and maturity.
· Relevant detailed can be updated any time through accessing software.
· Transactions history of policies can be seen any time without restriction.
· List of general insurance and life insurance holders can be generated.
· The advisors can also remove the details of any policy whenever needed.
· Due list of the policy holder can be acquired with a single click.
· Facilitates to acquire the list of the holders who surrendered the policy before maturity.
Impact of insurance feature on advisors business:
· Easy to maintain the insurance data of the investors.
· Improves relations with the clients in the long term.
· The operations of advisor firms are reduced and productivity improves.
· Paperless formality saves cost and time which increases profit.
· No need to form a register due to availability of software.
· Records are secured and accessible any time.
The operations in every business are increasing by the time and manual management of any data is not possible and also hard to remember. The dependency over the software has become the priority for the advisors involved in the field of investment. In order to satisfy the investor’s timely notification and updating them about their investment status is essential for the success of the advisors. Sometimes many investors own the policy but fail to remember the due date of premium which lapse the benefits of the policy thus they passes the responsibility to the advisors. Likewise the advisors are connected with multiple advisors and in order to notify each investor the Mutual Fund Software becomes the necessity for the advisor business. For more information, visit @- https://www.redvisiontech.com/
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