Insurance Payments

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Insurance Payments
Management Optimization

Funds And Wealth helps you automate premium collection and do disbursals including claim reimbursement, payouts to agents and intermediaries. Our solutions fit perfectly in your insurance management system. Benefit from advanced APIs and a range of integrations and offer an excellent user experience.

User/Policy holder Onboarding

  • Bank account Verification

  • UPI ID verification

  • Bulk verification via API

Premium Collection & Reconciliation

  • Payment gateway for website and mobile Apps

  • Link based payments

  • QR code & ePOS agent based payments

  • Auto-debit via E-mandate and Standing Instruction on cards

Claim disbursals, agent payouts, split payments & more

  • Direct disbursals from insurer’s bank accounts

  • Instant policy refunds

  • Incentives or commission payouts to on-field agents

  • Split payments with Marketplace Settlements

Verify Accounts Before Onboarding.
Verification

Verify bank accounts and/or UPI IDs while onboarding policy holders.

  • Check beneficiary’s bank account number validity and name of the account holder

  • Verify UPI VPA or ID

  • Simple API integration: Verify bulk policy holders’ a/cs in a single API call

Collect premium directly or recollect from agents and other parties.
Recurring Payments

Collect recurring payments via debit cards and Net Banking using NACH E-mandate

3 Simple Steps - Authentication and future payments

  • Create a policy plan

  • Add user and share link via email/SMS/WhatsApp/in-app

  • User clicks on link > selects E Mandate > enters netbanking details /card details & authorizes future payments with a one-time penny transaction.

Collections & Reconciliation With Virtual Accounts

Accept direct payments via WhatsApp, Google Pay, Paytm using virtual accounts

  • Use APIs to create virtual UPI IDs and bank accounts

  • Instant reconciliation and same day settlement

  • Full visibility of remitter details

  • Support for custom branded UPI handles

In-app, Website or Other Active Payments

Let users login to your app or website and make payments. Integrate with Agent/ broker app to collect payments via agent device.

  • Wide range of checkout integrations with APIs & SDKs

  • Instant settlement cycle

  • Higher success rate achieved with direct Integrations with MIGS, CyberSource, FSS and dynamic routing

  • PCI L1 compliant card vault and higher conversion rate with saved card

  • Instant refunds in case of policy cancellations

Next-generation payment gateway features.

  • QR codes fastest web checkout
    and offline collections

  • Fastest in-app and
    mobile checkout via UPI

  • Collections via WhatsApp, Paytm,
    Google Pay reconciled instantly

  • Instant Settlements

Advantages

  • Higher uptime and
    success rate

  • Multi-level
    reconciliation

  • Comprehensive
    transaction handling

  • Handles all
    bank relationships