Project Highlights

OwlSure modernized the client’s premium rate computation and policy decision workflows, automating premium decisioning across key health insurance products. The client is one of India’s largest general insurance providers. The solution supported individual and family floater policies, enabled STP and NSTP workflows, integrated riders and waiting-period rules, and established a scalable rules orchestration framework to streamline premium calculations and policy processing.

Benefits

• Reduced premium rule change implementation time from weeks to approximately five days 

• Enabled real-time premium quote generation across geographies 

• Standardized premium calculations across regions and customer segments 

• Accelerated policy processing through automated STP and controlled NSTP workflows 

• Improved transparency by providing multiple plan and pricing options 

• Strengthened compliance, scalability, and responsiveness through robust audit mechanisms and rules-based decisioning