Gradatim launches microinsurance platform

It combines IT infrastructure and back-office services and delivers it as a business process utility on a pay-per-use pricing model, a press release issued here stated.     

MF-Insure is proficient in handling products for all lines of insurance business such as life, health, non-life and pension, the release said.     

Gradatim's CEO C V Prakash said, "MF-Insure is a pioneer platform and is expected to play a very critical role by simplifying and consolidating business operations, reducing cost, improving turn-around times, and other operational advantages, thus enabling insurance providers to offer affordable insurance services to low-income groups."     

 

The platform caters to insurance companies, agents, insurance brokers, MFIs, banks, NBFCs and other institutions offering micro-insurance and guarantees standardisation of processes, transaction and collaborative infrastructure and reduced cost due to multi-tenant operations, the release said.     

Gradatim is a privately-held IT company with operations in India, Australia and Singapore.