Life Insurance being one of the important areas of investment in India, it becomes crucial to manage your policies and you get reminded for timely premium payments. Easy Life® allows you to manage your insurance policies and Unit Linked Insurance Plans (ULIP).
The software facilitates with a list life insurance provider companies functional in India and list down the schemes provided by the largest life insurance company in India, LIC. The list also contains some of the private sector insurance companies, which gives you flexibility to choose desired company.
You enter your facts such as you insurance policy, covering policy name, start date of your scheme, sum assured, cover period, premium amount, number of years, premium is to be paid, information on assured money at certain intervals if applicable and also allows you to input bonus credited to you policy account.
Whenever you enter your details of investment, Easy Life® will generate “plan entries”. These provide timely reminders also when receipts are entered or payments against specific investment or borrowings are made, you can “square off” the plan entries and the software will discontinue the reminders. The facility of ULIP (Unit Linked Insurance plan) transactions is also available on this platform.