VBOCS Risk Insurance system
provides the following:
- Calculates Term, TPD, Trauma, Income Protection and Business
Expenses premiums.
- Simple to use. Just enter a few client details, supply the
required cover amounts and press "Calculate".
- Premiums are broken down into their components and policy fee.
- Detailed and summary reports available.
- Supports premium calculations for over 100 products from 15
Insurance companies.
- Data updates are available for monthly download as part of the
annual subscription service.
- Advisers can select companies to include in premium
calculations.
- Hotlinks to the Life company's web site.
- Client data and comparison data can be saved for later reuse.
This data is kept private and secure.
- Product rules can be displayed for calculated products. These
include age requirements, cover limits, premium options, waiting/benefit periods available
etc.
- An occupation database based on the Australian Standard
Classification of Occupations as provided by the Australian Bureau of Statistics assists
in determining the client's correct occupation.
- Ability to select from and apply commission discounts to
calculated premiums. Common used commission discounting levels can be saved for later
reuse.
- Client data and comparison data can be saved for later reuse.
This data is kept private and secure.
- Product data from DEXX&R showing the benefits, features
and definitions of over 150 Term (including TPD and ancillary benefits), Trauma and
Disability products.
- Data is also included on current underwriting requirements
including medical and financial requirements. Adviser selected items can be viewed when
making recommendations.
- Independent product scoring by DEXX&R can be displayed in
three different formats (A-E, A+-E- or numeric). Scoring can be absolute (compared to
theoretical best product) or relative (compared with best current product).
- The relative importance of over 85 different scoring criteria
can be specified based on your client’s profile and needs to determine the best
product for your client.
- Product Disclosure Statements, Adviser Guides and Underwriting
Questionnaires can also be accessed and viewed from within the system.
Other Benefits
- Insurance requirements thorough needs analysis
- Up to date product information and health underwriting
requirements
- Generates reports like product recommendation reports, SoA.
- Regular electronic updates on Policy changes.
Electronic client paper trails are all contained within the
system for auditing and management purposes. Financial and health underwriting
requirements and life company contact information are also stored. |
Companies quoted on for premiums
include:
- AC&L
- AIG
- AMP
- Asteron Life
- Aviva Protection
- AXA
- Citiinsurance
- CommInsure
- ING
- Lumley Life
- MLC
- Prefsure Life
- Suncorp
- Tower
- Zurich
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