An application by Nvest solution for product configuration and advisory automation for life insurance companies

1. Nvest Solution
A technology firm working towards improving the insurance and financial
advisory through thoroughly researched digital solutions.

2. We are building tools for Insurance
advisory, comparison and automation to
help increase the efficiency and
productivity
Our Objective

3. Company Overview
• Nvest Solution is founded by Gopesh Modi, who is an IIM-A alumnus (top B-School in India). He
has worked in life insurance industry as head of product development and pricing in actuarial
team.
• He is ably supported by Sweta Jain as co-founder who is an IIT-Delhi alumnus (One of the top
Tech Colleges in India). . Thus, Our team is a very good blend of people with expertise in
financial domain and technology.
• We are working towards increasing efficiency in insurance and financial services through
technology standardisation.
• We have already built several applications for financial intermediaries in life insurance and
health insurance domain.

4. Our Customers

5. BENEFIT ILLUSTRATION SYSTEM
WITH ADVISORY AUTOMATION

6. A Comprehensive Application for illustration and advisory
• Our benefit illustration system is not just a backend but comes with intelligent advisory modules
• Extremely efficient – New product can be configured in just 3-4 hours
• Single backend has multiple use cases:
• Completely API based for easy integration with applications or distributors and aggregators
• Automated testing which can test 1000s of test cases in just 5 mins.

7. Supports all Product Lines
Suitably structure application
with all important master set-
ups for GST, fund management
etc.
Supports all product lines such
as ULIP, Term, Participating,
non-participating
Rider rules are also handled
and can be called with any
product thus reducing
duplication
Manage and test product
set-up through simple
panels.

8. Robust and Configurable Rule Engine
• A rule engine which is as easy to operate as an excel
• In-built functions makes it easier to handle any complexity
• Validity period or provision for retrospective effect for calculation in case of handling changes

9. Configurable front end and output through simplified
panels
Automatically identifies input
required for calculation and
field type to create dynamic
front-end
Illustration table designing is as
easy as doing it in excel – Front
end output, and PDF is
automatically built without
coding
Add, edit, format legal
disclaimers in the output just
like you do in word

10. API based : Easy to integrate and share
• All the functionalities in application can easily be shared with distributors, third party vendors
either through user rights or APIs
• Similarly application can also be easily integrated with external APIs

11. Automated and Flexible Testing
Add 1000s of test cases
through simple excel upload
Input format for testing is
automatically generated based
on product set-up
Test 1000s of test cases at one
go. Entire testing can be done
in just 5 – 10 mins
Test any single test in detail. No
hassle of data entry. Just
choose case no.

12. Simplified Technology Stack for web and offline mobile use as well

13. VARIOUS USE CASES

14. Dynamically built front-end without any coding for new products
Entire front-end is dynamically
created with interrelationship
between fields also properly managed
Hence product can be made live
instantaneously as no coding required for
integration of backend with front-end
1

15. Unique Solution Creator - helps build Unlimited Combos on the go
A panel to create suitable combinations
by adding multiple products but
creating just one illustration
Provision to reuse every solution
as a new offering by saving it for
future use
It is just as easy to use on a
mobile platform as well
• Individual products are not sufficient to meet customer needs to we empower advisors with panel to create own
solution by combining different products from across the basket
2

16. Automated advisory reduces sales cycle from 30 days to 15 mins
3. Get Intelligent Suggestions
• Manual financial advisory process can take 3-4 weeks due to various steps involved
• HelpInsure intelligence algorithms takes away all the hassle from advisors
2. Customer Gap Analysis1. Choose goals
3

17. Personalised, graphical and visually appealing reports
Infographs and personalisation in reports to
hold customers attention.
Customers find such reports intriguing
Too many numbers make it difficult to
explain products
We build simplified graphical representation
to easily explain benefits at one glance.
4

18. Lapse, Surrender & Renewal Communication for better persistency
• Communication is fully customised for each policy based on product type and status
• Pitch and calculations can be customised as per company requirements.
4
• Every customer communication during renewal, lapse, surrender, revival can be personalised along with
suitable pitch to push customer to continue with policy

19. Thus it is not just a backend but automates Advisory Process
Product set-up
Engine
Distributor App
Web-sales
Direct sales app
Need / gap
analysis
Backend so strong that
1) can handle any level of
product complexity
2) Build front end
3) Design Reports
And do much more....
Automated
suggestion
Application Integration
1) API Based
2) Integrates with multiple
application
3) Only one time integration.
future products dynamically
renders on front end
Automated Advisory
1) Algorithm for automation
2) Logic can be used in
assisted or online sales
Solution
creation
Solution Panel to create new
products on the go :
Solution creation panel to
create products through
combination and empower
advisers and product team
2. Distribution Channel apps1. Backend 3. Advisory process

20. WHY US

21. Other Applications: InsurTech
• Product rule engine cum audit tool Completed and Live
– A robust product rule engine to handle any product complexity.
– Reduces product set-up time from 60 days to just under 3-4 days.
• Group Policy Admin System Developed, UAT
– A comprehensive core admin system which supports all product lines
– From quotation till claims; distributor and customer login, APIs, large data handling provisions etc.
• Reinsurance System Developed
– Built to handle any level of complexity in reinsurance arrangement
– Extremely fast, high on reporting, audit trail management etc.

22. SaaS - Application Overview
PolicyBank
HealthBank
Advisory application for life insurance distributors with advanced functionality
• Product Combination : Don’t sell what you have but Create what custom needs
• Automated Advisory : First of its kind automation on various selling techniques
• And Much More : http://nvest.in/HelpInsure/index.html
Comparison and research for life insurance :
• It brings benefits of aggregation to every advisors doorstep at fraction of cost
• Advanced comparison algorithms
• And Much More : http://nvest.in/PolicyBank/index.html
Advisory, Comparison and research for health insurance :
• Special custom scorecard system to identify most suitable products based on a few inputs
• Largest comparison of health products
• And Much More : http://nvest.in/HealthBNK/index.html

23. Why Us?
• We have deep domain expertise
– Founder has headed product development and pricing in a Life Insurance company
– We understand the product varieties and calculations
– All possible variations have been standardised
• We understand technology, insurance domain and sales
• Our strong focus on servicing and user experience
– Based on severity of requirements we are available for the client to handle any query at
earliest.

24. A top 20 ranker from IIM-A, he has received several
scholarships (I-SCHOL, OPJEMS) for excellence. He is deeply
interested in finance and investing.
He has spent considerable time setting up a life insurance
venture where he has worked across strategy, business
planning, risk & HNI sales.
In his last role he was heading product development and
pricing. He has received highest performance ratings and
promotion for continuous appraisals. For his excellent
performance he was awarded Reliable Titan (Sr).
He follows value investing and writes blog on the same
from time to time.
He has been selected for international film festival for acting
skills & has played football at the national level.
IIM Indore
About Founders
Gopesh Modi Sweta Jain
An alumnus of IIT D and IIFT, she has received K.
Vasudevan award for highest CGPA at IIT-D.
She was the only student from department of IIT-Dean
for prestigious 6-months exchange programme. She was
also nominated for OPJEMS at IIFT.
She has more than 2.5 years of experience in life
insurance and has deep domain knowledge. At ETLife she
was chosen among the ‘Emerging Leader’.
She is an analytics enthusiast and in her last role she was
part of the risk and analytics team.
She likes programming and has worked across different
languages like VB, SAS, R, Sql.

25. For further exploration
• You can reach out to us at:
– Email : gopesh.modi@nvest.in
– Mobile : +91 – 9820685849
• Looking forward to working with you