Faster ‘Go-to-Market’ in 6 Easy Steps
- 01
On-board your partner - 02
Define benefits, covers and premium - 03
Define risk and claim parameters - 04
Setup payment mechanism - 05
Generate partner APIs - 06
Deliver to
customer
Protect your customers against all odds with an End-to-End solution to automate the management of small ticket insurance products. Explore distribution through unconventional channels/partners and leverage faster go-to-market using MICA , a state-of-the-art technology platform
Small ticket insurance products are sold as an attachment product to a different partner specific core offering.
MICA is an end-to-end solution that automates the management of small ticket insurance products right from configuration – to distribution – to claims management – to accounting and reinsurance.
MICA, a state-of-the-art technology platform specifically designed for small ticket insurance products can help insurance companies with the quick launch and rapid go-to-market of COVID-19 specific short-term health insurance policies for customers.
The end-to-end solution automates the management of small ticket benefit-based insurance products. It enables insurance companies to develop new distribution channels with swift on-boarding of partners to fulfill the needs of customers who are looking for adequate and affordable financial protection during the ongoing pandemic.
The cloud-based solution, with plug and play technologies and exclusive API integrations helps insurance companies to uninterruptedly focus on their core business operations and provide consistent health insurance protection for their customers.
Explore some sample use cases to configure coverage for small ticket insurance products, using MICA
Home Appliances – Design coverage for damages on consumer durables
Travel – Design coverage against accidents and missed flights, buses, trains etc.
Daily Hospital Cash (DHC) – Coverage for out-of-pocket expenses during hospitalization
MICA with its distinctive set of features helps insurance companies deliver unmatched value to their customers
Third Party Integration
Front-end Interface
APIs for Partners
Plug & Play Operations
Sandbox Environment
Cloud Compatible
MICA’s core building blocks with extra-ordinary flexibility helps insurers to seamlessly offer innovative insurance products
Configure product covers, benefits and limits.
Calculate premium rates/premium.
Partner empanelment/contract.
Quick mapping of partner to designed product.
Partner specific Policy API & Claim API.
Receipting & maintenance of CD balance.
Accounting entries for policy/claim transactions.
Coinsurance and Reinsurance arrangements.
Statements for premiums and claims.
Unique policy ID/claim ID generation.
Map product to policy covers/benefits.
Simplified claim processing and settlement.
MICA with its simple and nimble technology ensures unlimited benefits, to help you meet your business objectives
Strike a chord with your customers by offering need based products
Easily on-board new partners and reach your desired target audience
Quick and simple product configuration and partner on-boarding
Differentiated offerings help in entering new markets
Cost-efficient technology solution with low-cost processing & settlement
Reduced unit costs through increased volumes
Interested to know how MICA would help
you gain a competitive advantage?
Join the conversation on MICA.
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