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Frequently Asked Questions
How can Lion Life Assurance generate new revenue streams for my life insurance company?

Lion Life products target a large underserved market segment for small faced amount policies purchased by lower to middle income families. Previously, it was not profitable for agency based life insurance companies to underwrite due to their cost structure. Lion's simplified issued policy types, risk model, online delivery channel and back end automation make this market segment affordable and accessible.

How can Lion Life Assurance Platform speed your time to market and reduce your acquisition and operating costs?

Lion Life has actuarial data for 3 polciy types for every country in the United Nations and a complete Life Insurance Platform that can market, acquire, manage and efficiently maintain all phases of the process. Our ready made platform and marketing expertise can accelerate you from product approval to deployment and premium sales in a short timeframe. Our client portal and automated premium collection and back office administration components allow for a completely managed solution.

How the Lion Life Life Insurance Risk Model enables online sales

Lion Lide products are Simplified Issued with small faced policy amounts that provide a low barrier to acquisition by not requiring physicals or blood tests. Since the polciies are small faced, underwritten at time of termination by the reinsurer, limit payoff to accidental only for the first 3 years and have fraud documentation submission required within 30 days the risk is minimized to allow for a profitable online sales model. Additional fraud reduction techniques are employed on a country specific basis.

How can Lion Life Assurance generate new revenue streams for my life insurance company?

Lion Life products target a large underserved market segment for small faced amount policies purchased by lower to middle income families. Previously, it was not profitable for agency based life insurance companies to underwrite due to their cost structure. Lion's simplified issued policy types, risk model, online delivery channel and back end automation make this market segment affordable and accessible.