Top 5 Life Insurance Company streamlines renewals and compliance

Organisation
Top 5 Life Insurance Company
Founded
2001
Website
Confidential
Channel
Phone call (voice AI)
Industry
Life insurance (BFSI)
Usecases
Renewals, reminders, KYC, IT compliance, campaign automation

Core renewal stats

Automation of renewal, KYC & compliance campaigns produced significant increase in renewals, cost savings, and operational efficiency.

0.95 Cr
renewals/month
59%
OpEx saved
0.62×
efficiency gain*
15.4×
ROI
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A major life insurer in India sought to enhance customer retention and compliance across policy renewals, KYC, and certificate follow-ups. Manual processes resulted in high costs, missed renewals, and low engagement. Gnani.ai's Renewal365 was brought in to automate these workflows.

Solution

Renewal365 automated complex workflows for policy renewals, KYC, and compliance, reducing missed deadlines and operational overhead. This streamlined process not only improved customer experience but also ensured strict regulatory adherence, saving time and resources significantly.

01

Over 800K policyholders were contacted through automated calls, capturing intent in real time and reducing manual dependencies for renewals and compliance.

02

Over 800K policyholders were contacted through automated calls, capturing intent in real time and reducing manual dependencies for renewals and compliance.

03

Over 800K policyholders were contacted through automated calls, capturing intent in real time and reducing manual dependencies for renewals and compliance.

04

Performance dashboards and smart prioritization helped target high-value or at-risk customers, ensuring optimal resource allocation and better compliance turnaround.

These initiatives automated and optimized policy renewals and compliance outreach, reducing manual effort while maintaining regulatory consistency.

Impact

The Top 5 Life Insurance Company experienced a noticeable increase in renewal rates, improved operational efficiency, and substantial cost savings, reinforcing its digital-first strategy and enhancing regulatory consistency.

0.95 Cr
renewals up
59%
OpEx saved
15.4×
ROI boost

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