AIG takes group insurance online
Monday, 1 September 2008 12:05pm
AIG Life is moving its group insurance service online with eForm, an application process that will reduce administration workload and increase the number of applications that can be instantly approved.
The eForm gathers all the mandatory underwriting required by AIG Life during the initial application for cover by a member. The firm's members are able to ‘save' at any point during the application process and complete the application over time. Fund administrators can get back specific copies of eForms submitted earlier using a search function.
The application process is being rolled out in two phases. The first phase, to begin next month, allows members to sign and date printed copy of their eForm and post it to the fund administrator where it is verified and then sent to AIG Life.
The second phase, which launches in February next year, allows members to complete an eForm online by logging onto the fund's website, AIG Life and the fund administrator then verify the member's eligibility.
However, after the second phase is completed, the eForm will not require a signature and members will be able to simply complete the online form on the fund's website.
Michael Hobbs
This story was found at: http://www.financialstandard.com.au/news/view/23894
Printed: Tuesday, 6 January 2009 3:00pm