Core Software
Majesco Billing for L&AH – Insurance Billing Software for L&AH
Smarter Billing with AI-Driven Precision
Reimagine billing with AI-first innovation. Majesco Billing for L&AH, our next-gen L&AH insurance billing software, combines flexibility with intelligence, enabling seamless billing for all bill types and faster product launches. With Agentic AI, billing operations evolve from reactive to proactive — ensuring accuracy, preventing errors before they occur, and elevating the customer experience.
Accelerate Product Launches for Evolving Market Demands
Our versatile life, health, and annuity billing solution empowers you to employ a unified platform for all bill types, facilitating rapid product and service launches. It supports individual, group, and voluntary benefits while providing configurability and extensive API integration capabilities to meet evolving market needs.
Embrace the Future of Billing
Harness the power of electronic bill payment through various channels like email, portal, lock box, and other third-party options. Customize billing schedules based on configurable bill preference attributes and graphical payroll deduction calendars, ensuring flexibility and convenience.
Unleash Billing Flexibility
Utilize multi-tier hierarchy and rules-driven allocation rules to generate invoices at any level. Empower self-accounting and list billing within the same group, giving you greater control and flexibility over your L&AH billing processes.
Revolutionize Billing with Flexibility and Innovation
Embrace a new wave of billing innovation that supports new products and exceeds customer demands.
- Increase efficiency and accuracy with streamlined billing processes.
- Accommodate growth and emerging technologies with scalability and future-readiness.
- Agentic AI proactively reconciles accounts, manages exceptions, and prevents errors before they impact customers.
Seamless Electronic Billing and Payments Experience
Simplify life, annuity, and health insurance billing for your customers with online viewing and payment options from any device.
- Enhance customer experience through a user-friendly interface and self-service capabilities.
- Access real-time billing and invoicing for timely information and reduced cycle time.
- Achieve cost efficiency through automation, reduced manual efforts, and minimized errors.
- Automatically detect and resolve data mismatches across billing, policy, and claims to reduce operational issues and customer complaints with Billing Data Reconciliation & Correction.
Adapt to Changing Billing Needs with On-Demand Insurance
Adapt quickly to evolving billing needs while ensuring operational effectiveness and customer centricity.
- Cater to diverse customer needs with flexible billing options.
- Enable individual and group billing, configurable payment plans, and multiple payment channels.
- Utilize configurable reporting and analytics for data-driven decision-making, achieving cost savings and operational efficiency.
Simplify and Optimize with Built-In Best Practices
Simplify and optimize your billing and payment processes with robust, out-of-the-box billing rules and capabilities.
- Ensure accurate premium calculations, prorations, and adjustments with advanced billing rules and calculations.
- Seamlessly integrate with other insurance systems for smooth data flow.
- Receive compliance and regulatory support to adhere to industry requirements.
- Enhance data security to protect sensitive customer information and reduce the risk of data breaches.
“By partnering with Majesco, we’re able to transform our business and legacy solutions that will offer enhanced experiences for our policyholders, producers and employees.”
Paul A. Quaranto, Jr., Chairman, CEO, and President at Boston Mutual
Featured ResourCes
Thought Leadership
Rethinking Billing and Payments in the Digital Age
A Majesco and Deloitte Joint Point of View Report Digital transformation is a phenomenon that continues to accelerate within the insurance industry. From new products and business models to channels and markets, nearly all aspects of insurance are undergoing change, driven in large part by customer needs and expectations that are dramatically different than what…
Blog
Billing and Payments: Today’s Silent Brand Builders
Mobile phones are a part of us now. Most of our lives are spent within inches of a mobile device. We need them almost like we need food and water. They allow us to run most of the logistics of our life wherever we may be. They allow us to constantly communicate — merging life…
FAQ
It ultimately provides a solution that supports the end-to-end lifecycle of a policy. The suite itself is comprised of policy, billing, and claims elements that are pre-integrated into all three.
The building blocks of improvement for insurers always circle back to technology and innovation. Areas such as digital experiences, new products, new channels, and more often lead to growth throughout the organization. The wave of technology such as the L&AH Intelligent Core suite will play a pivotal role in the constantly changing market.
For individual, group, and voluntary benefits, having a single platform is a key cornerstone to not only retain customers but also to set the foundation for future growth. It eliminates the significant issues that having multiple systems does, such as not supporting a customer-centric experience and expanding costs.
Electronic billing automates invoicing, payment processing, and reconciliation, reducing manual errors and administrative workload. It enhances customer satisfaction by providing self-service options and real-time payment tracking.
API-driven billing integration enables seamless connectivity with other insurance systems, allowing insurers to quickly adapt to market changes. It enhances data accuracy, automates workflows, and supports flexible payment models for policyholders.
