ABOUTe-POLICY
The Office of the Insurance Commission (OIC) encourages leading insurance companies to adopt e-policies, digital insurance documents with legal validity equivalent to paper policies. This initiative promotes efficiency, convenience, and environmental sustainability.
Why are insurance companies switching to e-policies?
- Convenience:Â Customers can access their policies and insurance information anytime, anywhere via smartphones, tablets, or computers.
- Speed:Â Processes such as policy issuance, premium payment, and claims settlement will be faster.
- Cost-saving:Â Reduces operational costs and paper costs.
- Environmentally friendly:Â Reduces paper usage and helps reduce global warming.
Our Solution
Stream, a Leader in Digital Solutions, offers a secure and comprehensive e-Policy.
Key Features of Stream’s e-Policy System:
- Comprehensive:Â Issuance of all electronic policy types, policy data management, due date reminders, online premium payments, and claims management.
- Secure:Â Utilizes Hardware Security Modules (HSMs) for data encryption, secure storage, access control, audit trails, and historical data records.
- Convenient:Â User-friendly via web or app, accessible on various devices, instant policy access, and online claims filing.
- Flexible:Â Customizable, integrates with existing systems, and evolves based on client requirements.
e-Policy Benefits
- Cost Savings:Â Reduced printing, paper, ink, and delivery costs, along with saved storage space.
- Increased Efficiency:Â Faster processes, instant policy access, and streamlined information retrieval.
- Environmental Friendliness:Â Promotes sustainability by reducing paper usage.
- Enhanced Customer Convenience:Â Instant policy delivery, easy storage/access, and convenient claims filing.
- Security:Â Robust data encryption and access controls ensure policy information protection.
- Technological Compatibility:Â Supports usage on various digital devices.
- Compliance:Â Aligns with OIC policy directives.
- Improved Brand Image:Â Projects a modern, customer-centric, and eco-friendly image.
Stream’s e-Policy system empowers insurance companies with efficient, secure, and sustainable digital solutions, enhancing customer experiences and operational effectiveness.
