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WNS' Annuities and Retirement BPO services range from plan
installation to regulatory reporting.
WNS Annuities services include:
- Plan Installation: Application screening and data
entry, case preparation and installation, contract initiation, medical
assessments, outbound and approval calls
- Payment Processing: Fund allocation for premiums with
various frequencies, maintenance of fund rules and
regulations, and maintenance of separate accounts
- Customer Support: Beneficiary changes, free-look cancellations,
tax calculations for death benefit payments, and tax
calculation for benefit actions (including payments, withdrawals, or
surrender), rollover options and payout options
- Plan Administration: Full and partial surrenders,
remittance, preparation of periodic fund position summaries, loan management
and movement of money between funds
- Asset Management: Maintenance of fund positions, calculation
of unit value, liaison with financial managers, tracking
of investment portfolio and similar processes
- Payout Administration: Activities associated with
a variety of payout options
- Reference Data Management: Static data maintenance,
global reference data and statement-return analysis
- Claims Servicing: Processing, confirmation of payout,
claims status calls, benefit payments and data entry
- Agency Management: Commission processing, customer
support and data mining for database marketing
- Regulatory Reporting: Compilation of data into formats
for review and dispatch by client, preparation of various
accounting reports, general ledger accounting, and
preparation of 1099 forms
Contact Info
To learn more about how WNS' insurance solutions
can help you, send an email to insurance@wnsgs.com.
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