Description

TABLE OF CONTENT

1. Introduction to Life Insurance:

Basic concepts and principles of life insurance.
Types of life insurance policies (term life, whole life, universal life, etc.).

2 . Annuities Overview:

Understanding annuities as financial products.
Different types of annuities (fixed, variable, immediate, deferred).

3 .Underwriting Process:

Risk assessment and underwriting in life insurance.
Factors influencing underwriting decisions.

4 . Policy Components:

Examining the components of a life insurance policy.
Policyholders, beneficiaries, premiums, face value, etc.

5 . Policy Riders and Options:

Optional features and riders that can be added to a life insurance policy.
Examples include accidental death benefit, waiver of premium, etc.

6 . Annuity Payout Options:

Understanding the various ways annuities can pay out.
Life-only, joint and survivor, period certain, etc.

7 . Oracle Insurance Policy Administration:

Introduction to Oracle Insurance Policy Administration:

Overview of the Oracle Insurance Policy Administration (OIPA) system.
Key features and benefits.

8 . System Architecture and Components:

Understanding the architecture of the OIPA system.
Modules and components.

9 . Product Configuration:

Configuring life insurance and annuity products in OIPA.
Defining product rules, coverages, and features.

10 . Policy Lifecycle Management:

Managing the entire policy lifecycle, from application to claims.
Policy issuance, endorsements, renewals, and cancellations.

11 . Integration with Other Systems:

Integration capabilities with other systems and platforms.
Data exchange and interoperability.

12 . Business Rules and Workflow:

Configuring business rules within OIPA.
Workflow automation and process customization.

13 . Reporting and Analytics:

Generating reports and analytics using OIPA data.
Customizing and accessing relevant information.

14 . User Training and Support:

Training resources for system users.
Support and maintenance considerations.