Majesco Policy for L&A and Group
Life insurance policy administration systems
Insurance software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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What is Majesco Policy for L&A and Group
Majesco Policy for L&A and Group is a policy administration system designed for life, annuity, and group insurance lines. It supports core policy lifecycle functions such as product configuration, underwriting workflow support, policy issuance, billing, and in-force servicing. The product is typically used by insurers modernizing legacy policy platforms or launching new products while maintaining integration with surrounding systems (e.g., CRM, billing, claims, data/analytics). It is commonly delivered as part of a broader suite that includes implementation services and integration tooling.
Broad L&A and group scope
The product targets both individual life/annuity and group business, which can reduce the need to run multiple administration platforms across lines. It supports end-to-end policy administration activities across new business and in-force servicing. This breadth can be useful for carriers that want a consistent operating model and shared data across product portfolios.
Configurable product and rules setup
The platform emphasizes configuration for products, rules, and workflows, which can help insurers adjust offerings without rewriting large portions of core code. This is relevant for carriers that frequently update rates, riders, eligibility rules, or group plan structures. Configuration-led change can shorten release cycles compared with heavily customized legacy systems.
Enterprise integration orientation
Policy administration deployments typically require integration with upstream/downstream systems, and this product is positioned to operate within that enterprise architecture. It is commonly implemented with integration to portals, agent tools, billing/finance, document generation, and data platforms. This makes it suitable for insurers that need a core system that can coexist with multiple surrounding applications.
Implementation can be complex
Policy administration replacements for life and group insurance are multi-year programs that involve data migration, product modeling, and process redesign. This product is generally deployed through structured implementation projects rather than simple self-service onboarding. Organizations should plan for significant internal SME involvement, testing, and change management.
Total cost depends on scope
Licensing, cloud hosting (if applicable), integration, and ongoing configuration work can materially affect total cost of ownership. Costs vary widely based on number of products, states/jurisdictions, and required integrations. Buyers typically need detailed scoping to compare economics against lighter-weight platforms or narrower point solutions.
Not a standalone digital front end
While it supports core administration, insurers often still require separate digital experience layers (portals, quoting, eApp, agent/broker UX) depending on their distribution model. Building a modern customer/agent experience may require additional products or custom development. This can add architectural and vendor-management complexity.
Plan & Pricing
No public pricing information for "Majesco Policy for L&A and Group" was found on Majesco's official website. The vendor presents product information, press releases, and contact/request‑info calls-to-action rather than published list prices or tiers.
Seller details
Majesco
Morristown, NJ, USA
1982
Public
https://www.majesco.com/
https://x.com/Majesco
https://www.linkedin.com/company/majesco/
