# Best Life Insurance Policy Administration Systems

## How Many Life Insurance Policy Administration Systems Products Does G2 Track?

**Total Products under this Category:** 43

### Category Stats (Aug 2026)

- **Average Rating:** 4.26/5 The average rating of products in this category, based on all submitted ratings

_Last updated: August 05, 2026_

## How Does G2 Rank Life Insurance Policy Administration Systems Products?

**Why You Can Trust G2's Software Rankings:**

- 30 Analysts and Data Experts
- 100+ Authentic Reviews
- 43+ Products
- Unbiased Rankings

G2's software rankings are built on verified user reviews, rigorous moderation, and a consistent research methodology maintained by a team of analysts and data experts. Each product is measured using the same transparent criteria, with no paid placement or vendor influence. While reviews reflect real user experiences, which can be subjective, they offer valuable insight into how software performs in the hands of professionals. Together, these inputs power the G2 Score, a standardized way to compare tools within every category.

### [Ingenium](https://www.g2.com/products/ingenium/reviews)

INGENIUM is a core life, annuity and disability policy administration system.

**Average Rating:** 4.2/5.0

**Total Reviews:** 11

#### Who Is the Company Behind Ingenium?

- **Seller:** [DXC Technology Company](https://www.g2.com/sellers/dxc-technology-company-8b67eef5-86f9-493f-b238-590be3799d91)
- **Year Founded:** 2017
- **HQ Location:** Ashburn, Virginia
- **Twitter:** @DXCTechnology  
39,002 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=609342eb80b82c98522584e9453f0e6179410156f6fe31ea3172447e411ed911&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2F16198010%2F&secure%5Burl_type%5D=linkedin_company_website)  
90,618 employees on LinkedIn®
- **Ownership:** NYSE: DXC

#### Who Uses This Product?

- **Top Industries:** Insurance
- **Company Size:** 62% Large, 31% Medium

#### What Are Recent G2 Reviews of Ingenium?

**["An All Round Life Insurance Policy Admin Application"](https://www.g2.com/survey_responses/ingenium-review-4998457)**

**Rating:** 4.0/5.0 stars

_— Ritesh R._

[Read full review](https://www.g2.com/survey_responses/ingenium-review-4998457)

**["Ingenium is a great and versatile tool to enhance your learnings"](https://www.g2.com/survey_responses/ingenium-review-4906746)**

**Rating:** 5.0/5.0 stars

_— Ken Daryl F._

[Read full review](https://www.g2.com/survey_responses/ingenium-review-4906746)

#### What Are G2 Users Discussing About Ingenium?

- [What is Ingenium used for?](https://www.g2.com/discussions/what-is-ingenium-used-for)

### [Oracle Insurance Policy Administration for Life and Annuity](https://www.g2.com/products/oracle-insurance-policy-administration-for-life-and-annuity/reviews)

Oracle Insurance provides adaptive, rules-driven systems that let insurance companies easily change business processes as their business needs change.

**Average Rating:** 3.9/5.0

**Total Reviews:** 10

#### Who Is the Company Behind Oracle Insurance Policy Administration for Life and Annuity?

- **Seller:** [Oracle](https://www.g2.com/sellers/oracle)
- **Year Founded:** 1977
- **HQ Location:** Austin, TX
- **Twitter:** @Oracle  
827,997 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=a14fcbcd818b49d781453c19628a9479a70cc1e8e335e54c876392ab5f543da3&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2F1028%2F&secure%5Burl_type%5D=linkedin_company_website)  
208,078 employees on LinkedIn®
- **Ownership:** NYSE:ORCL

#### Who Uses This Product?

- **Top Industries:** Insurance
- **Company Size:** 80% Large, 20% Small

#### What Are Recent G2 Reviews of Oracle Insurance Policy Administration for Life and Annuity?

**["Oracle knows best "](https://www.g2.com/survey_responses/oracle-insurance-policy-administration-for-life-and-annuity-review-517619)**

**Rating:** 5.0/5.0 stars

_— Verified User in Insurance_

[Read full review](https://www.g2.com/survey_responses/oracle-insurance-policy-administration-for-life-and-annuity-review-517619)

**["Oracle insurance "](https://www.g2.com/survey_responses/oracle-insurance-policy-administration-for-life-and-annuity-review-437460)**

**Rating:** 5.0/5.0 stars

_— Verified User in Insurance_

[Read full review](https://www.g2.com/survey_responses/oracle-insurance-policy-administration-for-life-and-annuity-review-437460)

#### What Are G2 Users Discussing About Oracle Insurance Policy Administration for Life and Annuity?

- [What is Oracle Insurance Policy Administration for Life and Annuity used for?](https://www.g2.com/discussions/what-is-oracle-insurance-policy-administration-for-life-and-annuity-used-for)

### [LIFEfit](https://www.g2.com/products/lifefit/reviews)

Flexible, web-based life & pensions administration for the full range of individual and group products, from pre-sales to claim.

**Average Rating:** 4.4/5.0

**Total Reviews:** 7

#### Who Is the Company Behind LIFEfit?

- **Seller:** [FIT](https://www.g2.com/sellers/fit)
- **HQ Location:** N/A
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=7886df2ed926834e5eb248c77dcfa8e5c815d3ab1f0fe3132ced0dba45868834&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2FNo-Linkedin-Presence-Added-Intentionally-By-DataOps&secure%5Burl_type%5D=linkedin_company_website)  
1 employees on LinkedIn®

#### Who Uses This Product?

- **Company Size:** 57% Medium, 43% Small

#### What Are Recent G2 Reviews of LIFEfit?

**["Ideal for anyone (Person or Company) looking to up their fitness game."](https://www.g2.com/survey_responses/lifefit-review-9679502)**

**Rating:** 4.0/5.0 stars

_— Yasir K._

[Read full review](https://www.g2.com/survey_responses/lifefit-review-9679502)

**["LIFEfit review"](https://www.g2.com/survey_responses/lifefit-review-8227717)**

**Rating:** 5.0/5.0 stars

_— Ashwini k._

[Read full review](https://www.g2.com/survey_responses/lifefit-review-8227717)

### [AgencySmart](https://www.g2.com/products/agencysmart/reviews)

AgencySmart is an “all-in-one” cloud-based solution designed for general agents and retail brokers who sell employee benefits, insurance products, financial services and other industry related products (payroll, HR and consulting) to the commercial and individual marketplace. From data management to on-boarding and benefit enrollment, AgencySmart solves the problem of using multiple systems to manage your business. AgencySmart saves time, reduces labor cost and adds efficiencies that can make your agency more profitable. CONTACT OR SCHEDULE A DEMONSTRATION HERE --\> https://agencysmart.com/schedule-a-demonstration/

**Average Rating:** 4.8/5.0

**Total Reviews:** 38

#### Who Is the Company Behind AgencySmart?

- **Seller:** [AgencySmart](https://www.g2.com/sellers/agencysmart)
- **Year Founded:** 2002
- **HQ Location:** Fairfield, New Jersey
- **Twitter:** @AgencySmartLLC  
12 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=c1763b0542372c18e7404bb5f87bf15f4be2d73d4d5679bbb5ba8e8c1159b59b&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2F11153962%2F&secure%5Burl_type%5D=linkedin_company_website)  
7 employees on LinkedIn®

#### Who Uses This Product?

- **Top Industries:** Insurance
- **Company Size:** 95% Small, 3% Medium

#### What Do G2 Reviewers Say About AgencySmart?

_AI-generated summary from verified user reviews_

##### Pros

- Users find AgencySmart to be **user-friendly and easy to navigate** , making client tracking simple and efficient.
- Users value the **excellent training support** provided by AgencySmart, enhancing their team's proficiency and confidence.
- Users appreciate the **simple and efficient activities management** of AgencySmart, making client tracking seamless.
- Users find **navigation easy** with AgencySmart, enhancing their overall user experience significantly.
- Users value the **simple and straightforward system** for effectively tracking client information and employer contributions.

##### Cons

- Users struggle with **data entry issues** , as not all plans are pre-populated, requiring manual input frequently.
- Users find the **manual editing difficult** due to incomplete pre-population of plans in the system.

#### What Are Recent G2 Reviews of AgencySmart?

**["Agency Smart is very user friendly!"](https://www.g2.com/survey_responses/agencysmart-review-10274353)**

**Rating:** 5.0/5.0 stars

_— Jessica C._

[Read full review](https://www.g2.com/survey_responses/agencysmart-review-10274353)

**["Refreshingly Simple and Straight Forward"](https://www.g2.com/survey_responses/agencysmart-review-10275390)**

**Rating:** 5.0/5.0 stars

_— Jeremiah B._

[Read full review](https://www.g2.com/survey_responses/agencysmart-review-10275390)

#### What Are G2 Users Discussing About AgencySmart?

- [What is AgencySmart used for?](https://www.g2.com/discussions/what-is-agencysmart-used-for) - 1 comment

### [LexisNexis Life Insurance Solutions](https://www.g2.com/products/lexisnexis-life-insurance-solutions/reviews)

Life insurance solutions from LexisNexis can help you make insightful decisions throughout the policy lifecycle.

**Average Rating:** 4.1/5.0

**Total Reviews:** 5

#### Who Is the Company Behind LexisNexis Life Insurance Solutions?

- **Seller:** [LexisNexis](https://www.g2.com/sellers/lexisnexis)
- **Year Founded:** 1970
- **HQ Location:** New York
- **Twitter:** @NexisSolutions  
1,258 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=2640972e8815f9e9e14be927e5c9a5d72a476b76190664d86c26e5c3db12a17d&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Flexisnexis%2F&secure%5Burl_type%5D=linkedin_company_website)  
9,695 employees on LinkedIn®

#### Who Uses This Product?

- **Company Size:** 50% Large, 33% Small

#### What Are Recent G2 Reviews of LexisNexis Life Insurance Solutions?

**["I loved this company! Made working with clients so easy"](https://www.g2.com/survey_responses/lexisnexis-life-insurance-solutions-review-7325464)**

**Rating:** 5.0/5.0 stars

_— Typhanie G._

[Read full review](https://www.g2.com/survey_responses/lexisnexis-life-insurance-solutions-review-7325464)

**["This is probably the best service available on the market right now."](https://www.g2.com/survey_responses/lexisnexis-life-insurance-solutions-review-7334490)**

**Rating:** 4.0/5.0 stars

_— Dustin M._

[Read full review](https://www.g2.com/survey_responses/lexisnexis-life-insurance-solutions-review-7334490)

#### What Are G2 Users Discussing About LexisNexis Life Insurance Solutions?

- [What is LexisNexis Life Insurance Solutions used for?](https://www.g2.com/discussions/what-is-lexisnexis-life-insurance-solutions-used-for)

### [Life Office](https://www.g2.com/products/life-office/reviews)

Life Office enables life insurance and pension companies to automate the creation, maintenance and processing of policies.

**Average Rating:** 4.5/5.0

**Total Reviews:** 4

#### Who Is the Company Behind Life Office?

- **Seller:** [Elips](https://www.g2.com/sellers/elips)
- **HQ Location:** Belgium
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=6435d97f0dc8f92ae70e4b4d62379f50f7b2c2482c8b57a6d7bf1873817f0134&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Felips%2F&secure%5Burl_type%5D=linkedin_company_website)  
17 employees on LinkedIn®

#### Who Uses This Product?

- **Company Size:** 50% Small, 25% Medium

#### What Are Recent G2 Reviews of Life Office?

**["Best Life insurance business and develops administrative and technical courses"](https://www.g2.com/survey_responses/life-office-review-8263324)**

**Rating:** 4.0/5.0 stars

_— Nilesh K._

[Read full review](https://www.g2.com/survey_responses/life-office-review-8263324)

**["User of vocational programs offered by Life Office"](https://www.g2.com/survey_responses/life-office-review-7981726)**

**Rating:** 4.0/5.0 stars

_— Tarun K._

[Read full review](https://www.g2.com/survey_responses/life-office-review-7981726)

### [Instanda](https://www.g2.com/products/instanda/reviews)

INSTANDA is a quick, easy and affordable package for brokers and insurers to design and distribute insurance products online. This fully hosted and completely managed toolkit lets you reach customers through your own online sales channel – as soon as your product is ready.

**Average Rating:** 4.5/5.0

**Total Reviews:** 4

#### Who Is the Company Behind Instanda?

- **Seller:** [Instanda](https://www.g2.com/sellers/instanda)
- **Year Founded:** 2012
- **HQ Location:** City of London, GB
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=9da9da08ab8cacb369a838e48522293736bd7a2c458ecd6f4047a50a5c765429&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Finstanda&secure%5Burl_type%5D=linkedin_company_website)  
251 employees on LinkedIn®

#### Who Uses This Product?

- **Company Size:** 50% Medium, 25% Large

#### What Are Recent G2 Reviews of Instanda?

**["Effortless Product Creation, Needs Enhanced Knowledge Base"](https://www.g2.com/survey_responses/instanda-review-12701109)**

**Rating:** 5.0/5.0 stars

_— Verified User in Insurance_

[Read full review](https://www.g2.com/survey_responses/instanda-review-12701109)

**["It allows you to have more control over sales"](https://www.g2.com/survey_responses/instanda-review-5308097)**

**Rating:** 4.0/5.0 stars

_— Rolando L._

[Read full review](https://www.g2.com/survey_responses/instanda-review-5308097)

### [yulife](https://www.g2.com/products/yulife/reviews)

YuLife is the all-in-one employee benefit that brings insurance, health and wellbeing together into a single experience. Built as an AI-forward insurtech, YuLife is redefining employee benefits for the way people live and work today. How does YuLife work? Employees earn YuCoin, YuLife’s wellbeing currency, for small daily actions like walking, meditating and checking in on how they feel. They can spend it on vouchers from well-known brands or donate it to charity. Team challenges and leaderboards make healthy habits social, so engagement carries on long after launch. What do HR teams get? A benefit people actually use, and the insight to prove it. YuLife gives HR leaders engagement and wellbeing data, a simple admin portal for starters and leavers, and a dedicated team from onboarding onwards. That everyday engagement builds healthier, more resilient workforces and enables earlier, more predictable support when it matters most. Who is YuLife for? Businesses of every size that want employee benefits, group risk insurance, health insurance and workplace wellbeing in one place: loved by employees, simple for HR to run.

**Average Rating:** 4.7/5.0

**Total Reviews:** 15

#### Who Is the Company Behind yulife?

- **Seller:** [yulife](https://www.g2.com/sellers/yulife)
- **Year Founded:** 2016
- **HQ Location:** London, GB
- **Twitter:** @yulife  
1,417 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=7343ab2058d2ca0f94ba6eedd7299740817fc9356f02c940780b0d3c1b2937a9&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fyulife%2F&secure%5Burl_type%5D=linkedin_company_website)  
225 employees on LinkedIn®

#### Who Uses This Product?

- **Company Size:** 40% Medium, 27% Small

#### What Do G2 Reviewers Say About yulife?

_AI-generated summary from verified user reviews_

##### Pros

- Users appreciate the **motivational rewards** Yulife offers, enhancing engagement in healthy activities like walking and meditation.
- Users appreciate the **ease of use** of YuLife, highlighting its intuitive portal and straightforward onboarding process.
- Users praise the **easy setup** process of YuLife, appreciating its intuitive design and excellent onboarding support.
- Users appreciate the **engaging rewards and wellness competitions** in Yulife, motivating healthy habits and team interaction.
- Users highlight the **outstanding customer support** from YuLife that feels like collaborating with a team member.

##### Cons

- Users find the **limited options** in rewards and workouts frustrating, craving more variety and integrations.
- Users find Yulife to be **not user-friendly** due to glitches, lengthy questions, and integration issues with other devices.
- Users report experiencing **app crashes** and glitches, which disrupt their ability to engage effectively with the platform.
- Users find the **repetitive workouts and meditations** frustrating, wishing for more diverse and updated content.
- Users feel the **additional cost of yucoin rewards** should be included in the standard pricing for yulife.

#### What Are Recent G2 Reviews of yulife?

**["Fun Sudoku with a Rewarding Coin System and Competitive Leaderboards"](https://www.g2.com/survey_responses/yulife-review-13206827)**

**Rating:** 5.0/5.0 stars

_— Rachel L._

[Read full review](https://www.g2.com/survey_responses/yulife-review-13206827)

**["Versatile, Easy-to-Use App with Great Vouchers and Rewards"](https://www.g2.com/survey_responses/yulife-review-13205909)**

**Rating:** 5.0/5.0 stars

_— Daina P._

[Read full review](https://www.g2.com/survey_responses/yulife-review-13205909)

### [CyberLife](https://www.g2.com/products/cyberlife/reviews)

CyberLife is a Web-enabled, n-tiered system that provides cost-effective administration of life and annuity products.

**Average Rating:** 3.8/5.0

**Total Reviews:** 2

#### Who Is the Company Behind CyberLife?

- **Seller:** [DXC Technology Company](https://www.g2.com/sellers/dxc-technology-company-8b67eef5-86f9-493f-b238-590be3799d91)
- **Year Founded:** 2017
- **HQ Location:** Ashburn, Virginia
- **Twitter:** @DXCTechnology  
39,002 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=609342eb80b82c98522584e9453f0e6179410156f6fe31ea3172447e411ed911&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2F16198010%2F&secure%5Burl_type%5D=linkedin_company_website)  
90,618 employees on LinkedIn®
- **Ownership:** NYSE: DXC

#### Who Uses This Product?

- **Company Size:** 100% Large

#### What Are Recent G2 Reviews of CyberLife?

**["CyberLife helps keep everything in one place"](https://www.g2.com/survey_responses/cyberlife-review-256813)**

**Rating:** 4.0/5.0 stars

_— Emma H._

[Read full review](https://www.g2.com/survey_responses/cyberlife-review-256813)

#### What Are G2 Users Discussing About CyberLife?

- [What is CyberLife used for?](https://www.g2.com/discussions/what-is-cyberlife-used-for)

### [illumifin](https://www.g2.com/products/illumifin/reviews)

GIAS is built on the foundation of proven robust processing components.

**Average Rating:** 4.0/5.0

**Total Reviews:** 2

#### Who Is the Company Behind illumifin?

- **Seller:** [illumifin](https://www.g2.com/sellers/illumifin)
- **HQ Location:** Woodbury, US
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=8c93c68209a64700b11a59b7abdf84b68d40c9c02599db36a79eaeb7f88c29ef&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fillumifin&secure%5Burl_type%5D=linkedin_company_website)  
1,862 employees on LinkedIn®

#### Who Uses This Product?

- **Company Size:** 50% Medium, 50% Small

#### What Are Recent G2 Reviews of illumifin?

**["Pretty decent"](https://www.g2.com/survey_responses/illumifin-review-10547678)**

**Rating:** 4.0/5.0 stars

_— Sherrie M._

[Read full review](https://www.g2.com/survey_responses/illumifin-review-10547678)

**["Configurable solution"](https://www.g2.com/survey_responses/illumifin-review-5298543)**

**Rating:** 4.0/5.0 stars

_— Roberto P._

[Read full review](https://www.g2.com/survey_responses/illumifin-review-5298543)

#### What Are G2 Users Discussing About illumifin?

- [What is Genelco Insurance Administration Solution used for?](https://www.g2.com/discussions/what-is-genelco-insurance-administration-solution-used-for)

### [LifePRO](https://www.g2.com/products/lifepro/reviews)

EXLs LifePRO administrative solution was developed specifically to take advantage of client server technology,

**Average Rating:** 3.8/5.0

**Total Reviews:** 2

#### Who Is the Company Behind LifePRO?

- **Seller:** [EXL](https://www.g2.com/sellers/exl)
- **Year Founded:** 1999
- **HQ Location:** New York, New York, United States
- **Twitter:** @exl\_service  
3,835 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=bd87a9b28c2f87fb0588cf5341c1e46a35a4a9f59147f3f6a19882568bf35dd9&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fexl-service&secure%5Burl_type%5D=linkedin_company_website)  
38,220 employees on LinkedIn®
- **Ownership:** NASDAQ: EXLS

#### Who Uses This Product?

- **Company Size:** 100% Large

#### What Are Recent G2 Reviews of LifePRO?

**["Best Policy Administration System"](https://www.g2.com/survey_responses/lifepro-review-10441133)**

**Rating:** 5.0/5.0 stars

_— Saurav S._

[Read full review](https://www.g2.com/survey_responses/lifepro-review-10441133)

#### What Are G2 Users Discussing About LifePRO?

- [What is LifePRO used for?](https://www.g2.com/discussions/lifepro-what-is-lifepro-used-for)
- [What is LifePRO used for?](https://www.g2.com/discussions/what-is-lifepro-used-for)

### [INSIS Life](https://www.g2.com/products/insis-life/reviews)

INSIS fully supports individual and group life products, unit-linked products, commercial and personal non-life lines of business, health products.

**Average Rating:** 3.0/5.0

**Total Reviews:** 1

#### Who Is the Company Behind INSIS Life?

- **Seller:** [Fadata](https://www.g2.com/sellers/fadata)
- **Year Founded:** 1990
- **HQ Location:** Munich, DE
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=9acf01263249fc2b3fa08cc44f16329496295dd5e9e321734df916a299882a10&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ffadata-group&secure%5Burl_type%5D=linkedin_company_website)  
295 employees on LinkedIn®

#### Who Uses This Product?

- **Company Size:** 100% Small

#### What Are G2 Users Discussing About INSIS Life?

- [What is INSIS Life used for?](https://www.g2.com/discussions/insis-life-what-is-insis-life-used-for)
- [What is INSIS Life used for?](https://www.g2.com/discussions/what-is-insis-life-used-for)

### [Majesco Policy for L&A and Group](https://www.g2.com/products/majesco-policy-for-l-a-and-group/reviews)

Majesco Policy for L&A and Group provides these essential business capabilities, while giving insurers the power, flexibility and speed they need to create profitable growth.

**Average Rating:** 5.0/5.0

**Total Reviews:** 1

#### Who Is the Company Behind Majesco Policy for L&A and Group?

- **Seller:** [Majesco](https://www.g2.com/sellers/majesco)
- **Year Founded:** 1982
- **HQ Location:** Morristown, NJ
- **Twitter:** @Majesco\_Inc  
2,265 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=5172853c58a2edb8a09dff3eae6dd7041322f2cd46c75c3aa0c1040ee9cb6402&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fmajesco&secure%5Burl_type%5D=linkedin_company_website)  
2,786 employees on LinkedIn®
- **Ownership:** NSE: MAJESCO

#### Who Uses This Product?

- **Company Size:** 100% Medium

#### What Are Recent G2 Reviews of Majesco Policy for L&A and Group?

**["Review Majesco for L&A and Group"](https://www.g2.com/survey_responses/majesco-policy-for-l-a-and-group-review-10185429)**

**Rating:** 5.0/5.0 stars

_— Srinivas R._

[Read full review](https://www.g2.com/survey_responses/majesco-policy-for-l-a-and-group-review-10185429)

### [VPAS Life](https://www.g2.com/products/vpas-life/reviews)

VPAS Life enables online access to information about your life insurance products.

**Average Rating:** 5.0/5.0

**Total Reviews:** 1

#### Who Is the Company Behind VPAS Life?

- **Seller:** [Infosys](https://www.g2.com/sellers/infosys)
- **Year Founded:** 1981
- **HQ Location:** Bangalore, Karnataka
- **Twitter:** @Infosys  
517,883 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=fdc83c420b4e122ae4387b47e0fd15c494c2cd2295a8916492eeaba8c962e3f0&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Finfosys&secure%5Burl_type%5D=linkedin_company_website)  
369,085 employees on LinkedIn®
- **Ownership:** NSE

#### Who Uses This Product?

- **Company Size:** 100% Large

#### What Are Recent G2 Reviews of VPAS Life?

**["Next Generation Customer Service"](https://www.g2.com/survey_responses/vpas-life-review-515714)**

**Rating:** 5.0/5.0 stars

_— Verified User in Banking_

[Read full review](https://www.g2.com/survey_responses/vpas-life-review-515714)

#### What Are G2 Users Discussing About VPAS Life?

- [What is VPAS Life used for?](https://www.g2.com/discussions/what-is-vpas-life-used-for)

### [AdInsure](https://www.g2.com/products/adinsure/reviews)

AdInsure is a line-of-business agnostic insurance platform that helps insurers adapt to industry changes. It enables Adacta, partners, and insurers’ IT teams to build tailored solutions across the insurance value chain—from product design and sales to claims and reinsurance. AdInsure supports all insurance teams with smarter workflows, faster go-to-market, modern CX, and seamless integration with emerging technologies and partners. Built around industry best practices, it powers award-winning solutions: • AdInsure Non-life • AdInsure Life • AdInsure Commercial • AdInsure for Brokers Features for business teams: • AdInsure PAS • AdInsure Claims • Billing & Collections • Digital tools (agent portals) • Integrated Analytics IT and operations benefit from: • No-/Low-code architecture • Out-of-the-box APIs • AdInsure Studio (for product design & testing) • Cloud support

#### Who Is the Company Behind AdInsure?

- **Seller:** [Adacta](https://www.g2.com/sellers/adacta)
- **HQ Location:** Ljubljana, SI
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=4d546e5931d38e41f3c942ae3da4e1978c2cff77ab136e362b2be7861fd318a0&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fadacta-fintech&secure%5Burl_type%5D=linkedin_company_website)  
224 employees on LinkedIn®

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- [Health Insurance Software](/categories/health-insurance-software)
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 ![Neya Kumaresan](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Neya Kumaresan")
NK

Researched and written by [Neya Kumaresan](https://research.g2.com/insights/author/neya-kumaresan)

Updated October 3, 2024

Life insurance policy administration software helps insurers manage life and annuity insurance policies. Life insurance policy administration systems allow insurers to develop and administer new life, annuity, pension, and health insurance products for clients. Using these systems, organizations can design new policies, calculate policy costs, and maintain a record of policies issued to clients. Some systems offer libraries of prebuilt insurance product features that reduce time to market. Life insurance policy administration systems are commonly used by enterprise insurance organizations to manage existing policies and develop new insurance products. These systems can improve policy flexibility and administration. Life insurance policy administration systems can be implemented either as a standalone solution or as part of an integrated [insurance suite](https://www.g2.com/categories/insurance-suites).

To qualify for inclusion in the Life Insurance Policy Administration category, a product must:

- Facilitate the definition, testing, and distribution of new life insurance products
- Facilitate management of client life, annuity, pension, and health policies

Show More

### Life Insurance Policy Administration Systems Topics

- [What are Life Insurance Policy Administration Systems?](#what-are-life-insurance-policy-administration-systems)
- [What are the Common Features of Life Insurance Policy Administration Systems?](#what-are-the-common-features-of-life-insurance-policy-administration-systems)
- [What are the Benefits of Life Insurance Policy Administration Systems?](#what-are-the-benefits-of-life-insurance-policy-administration-systems)
- [Who Uses Life Insurance Policy Administration Systems?](#who-uses-life-insurance-policy-administration-systems)
- [Challenges with Life Insurance Policy Administration Systems](#challenges-with-life-insurance-policy-administration-systems)
- [How to Buy Life Insurance Policy Administration Systems](#how-to-buy-life-insurance-policy-administration-systems)

[
### Life Insurance Policy Administration Systems Topics
Expand/Collapse ](#)
- [What are Life Insurance Policy Administration Systems?](#what-are-life-insurance-policy-administration-systems)
- [What are the Common Features of Life Insurance Policy Administration Systems?](#what-are-the-common-features-of-life-insurance-policy-administration-systems)
- [What are the Benefits of Life Insurance Policy Administration Systems?](#what-are-the-benefits-of-life-insurance-policy-administration-systems)
- [Who Uses Life Insurance Policy Administration Systems?](#who-uses-life-insurance-policy-administration-systems)
- [Challenges with Life Insurance Policy Administration Systems](#challenges-with-life-insurance-policy-administration-systems)
- [How to Buy Life Insurance Policy Administration Systems](#how-to-buy-life-insurance-policy-administration-systems)

## Learn More About Life Insurance Policy Administration Systems

### What are Life Insurance Policy Administration Systems?

Life insurance policy administration systems, sometimes referred to as policy administration systems (PAS), manage the entire life insurance life cycle for insurance professionals. Life insurance policy administration solutions are a type of insurance software with features to handle everything from creating new products to issuing policies and handling claims related to an insurance company’s policies. These tools provide insurers with the means to digitize their policy creation and issuance, streamlining their businesses and making customer interactions easier. Life insurance policy administration systems aid in the digital transformation of insurance agencies, reducing the cost and difficulties associated with creating, issuing, and managing life insurance policies and the annuities the provider will have to pay out. 

For example, a smaller insurer is looking for ways to introduce more efficiency into their business and fuel their product-related decision making with data. That insurer could implement a life insurance policy administration system to have a consolidated, organized view across multiple business units and drive improved outcomes.

### What are the Common Features of Life Insurance Policy Administration Systems?

The following are some core features within life insurance policy administration systems that can help users with:

**Underwriting:** Most tools either provide native underwriting functionality or support the underwriting function by fueling it with real-time policy data. Underwriting capabilities make life insurance policy administration systems more comprehensive and enhance the amount of automation in a given company. 

**Rules-based calculation engine:** Using rules input from the insurer, this feature helps to standardize insurance-product-related calculations across the business. These are configurable, allowing users to manipulate inputs, change information related to potential policy changes and policyholder behavior to see possible business outcomes, and plan insurance company decisions. 

**Claims processing:** Processes claims related to life insurance policies managed by the life insurance policy administration system. The claims features a system provides are key to preventing fraud and unnecessary payouts on annuities. 

**Web portal:** Provides a web portal through which potential customers and policyholders can submit policy applications and documents related to claims and policies. Web portals allow insurers to shift to a more self-service model and empower their customers while introducing operational efficiency along the way. 

**Product templates:** Contains reusable templates for insurers to create new products and alter existing product lines. This feature is particularly useful for companies that want to quickly and easily adapt to shifting consumer needs and offer them products in line with those needs. 

**Analytics:** Analyzes policy-related data for different lines of business to aid in risk management across the policy lifecycle, including renewals. Analytics tools help streamline business processes across the insurance industry while meeting regulatory standards. 

### What are the Benefits of Life Insurance Policy Administration Systems?

There are numerous benefits to using life insurance policy administration systems; a few of them are mentioned below: 

**Data-driven decision making:** Data is the fuel on which the insurance industry runs. The easier access to real-time data an insurance provider has, the better decisions they can make for their business and their customers. Life insurance policy administration systems provide single-pane access to real-time policy information across an organization’s customer base, allowing users to use that data to generate new business strategies and manage existing product lines. 

**Streamlined product release process:** Product configuration features and configurable workflows reduce the time to market for new products and product configurations. Life insurance policy administration tools make organizations more nimble, able to engage in faster product development, roll out new product lines, and alter existing ones while adjusting to market conditions and demands in real time. 

**Improved customer experience:** Customer portals included in these solutions drive more efficiency related to account applications and onboarding workflow. As more businesses empower their customers with an increasingly self-serve model, life insurance policy administration tools are a way for insurers to do the same. 

### Who Uses Life Insurance Policy Administration Systems?

**Insurance brokers:** Insurance companies, typically large insurance ones, and their brokers are the primary users of life insurance policy administration systems. These companies use these tools to streamline their processes and become more efficient, effective organizations. 

**Policyholders:** Insurance policyholders, or insurance customers, may use insurance policy administration tools to update account information, request policy changes, apply for new policies, and generally interact with their insurers in a more self-service way. 

#### Software Related to Life Insurance Policy Administration Systems

Related solutions that can be used together with life insurance policy administration systems include:

[Insurance agency management software](https://www.g2.com/categories/insurance-agency-management) **:** Insurance agency management software may integrate with life insurance policy administration systems to provide a seamless transition from prospect to customer and policyholder. 

[Insurance claims management software](https://www.g2.com/categories/insurance-claims-management) **:** Life insurance policy administration systems often include, or will integrate with, insurance claims management tools to help provide an integrated stack of symbiotic solutions. 

### Challenges with Life Insurance Policy Administration Systems

Software solutions can come with their own set of challenges. 

**Data security:** Life insurance policy administration tools contain a lot of sensitive customer data. With many customers and users comes a larger attackable surface, which means more risk and more reason for insurance providers to properly vet their insurance software providers in adherence to business rules. Prospective buyers should vet potential vendors thoroughly to assess their security standards and determine whether or not they meet those which have been internally set. 

**Interoperability:** Ensuring a product will integrate or communicate well with existing solutions across the organization’s technology stack, particularly with its core systems, is vital to its successful implementation and use. During the buying process, prospective customers should ask questions related to existing integrations and ones on the roadmap. An isolated solution is typically an inefficient and ineffective one in the context of a business with dozens of pieces of software, so interoperability is key to selecting the right new solution. 

### How to Buy Life Insurance Policy Administration Systems

#### Requirements Gathering (RFI/RFP) for Life Insurance Policy Administration Systems

Prospective buyers should choose a selection team before putting together their list of requirements. That list should consider the organization’s existing tech stack, including products with which the life insurance policy administration system will need to integrate. RFPs should be realistic about cost, but they should be designed with the understanding that aspects like demonstrated ROI and high user adoption are far more important than the sticker price. 

#### Compare Life Insurance Policy Administration Systems Products

**Create a long list**

The long list should comprise all products which meet the initial list of core requirements. Buyers should try to limit the number of products to a list short enough that every product can get a fair evaluation while narrowing the long list down to a short list. 

**Create a short list**

The short list should include products that include wishlist features but ones that will pass the test of implementation and adoption. The short list should be a time to dive into the proven ROI of the product seen at other, like-sized companies.

**Conduct demos**

The demo process should be comprehensive. The selection team should ask questions specific to their business, diving into how the product would handle different configurations and potential product lines that are on the roadmap. 

#### Selection of Life Insurance Policy Administration Systems

**Choose a selection team**

The selection team should include actual users of the software as well as security stakeholders and IT professionals with a good understanding of how the solution will fit into the existing systems in place. 

**Final decision**

The decision should be based on a consensus among a small group of key stakeholders. Because insurance companies are often divided along product-type lines, the life insurance portion of the company, the actual users of the software, should have a significant voice during the decision-making process.