Life and savings, from risk cover to capitalisation
Risk, unit-linked, whole and universal life, and capitalisation products run end to end on one parametric framework. The savings engine, prospective mathematical provisions and redemption rules are configured by the business, not built by developers.
RIFT for Life
One product-definition framework spans protection and savings, from pure risk to capitalisation.
Product lines
The life and savings book, line by line: protection, savings, retirement plans and unit-linked, individual and group, on the one parametric framework.
Life Risk
Protection cover, individual and group: term, whole life, critical illness and disability.
- Term and whole life, personal accident, critical illness and permanent disability
- Automatic and referred underwriting, with health declaration and medical exams
- Capital limits per cover, exclusions and special conditions
- Group: employer as policyholder, member enrolment, waiting periods and portability to individual
- Zillmer actuarial provisioning
Life Savings
Capitalisation, endowment and annuities, with a guaranteed rate and profit sharing.
- Classic capitalisation, mixed (endowment), deferred and immediate annuities, dotal and education plans
- Individual capitalisation account, guaranteed technical rate plus annual profit-sharing bonus
- Top-ups, paid-up, partial and full surrender, conversion of capital into an annuity
PPR / PPE / PPR-E
Retirement savings plans, individual and employer, with IRS tax benefits.
- PPR classic (guaranteed fund plus profit sharing) and PPR/fund (unit-linked), multi-subscriber
- PPE and PPR-E employer plans, with employer contributions and vesting rules
- IRS tax-benefit calculation (art. 21 EBF), early-surrender penalty control, Modelo 39 to the AT
- Transfers between PPR (portability) and conversion into a lifetime annuity, IFRS 17 (GMM/PAA)
Unit-Linked
Investment-risk products on internal funds, PRIIPs-ready with a KID.
- Pure unit-linked, capital-guaranteed (CPPI), hybrid and index-linked, single or regular premium
- Internal-fund catalogue, daily NAV feed, fund switching and age-glide rebalancing
- Top-ups, partial and full surrender, death at reference NAV, maturity annuity conversion
Where RIFT is different for life
The full savings and capitalisation lifecycle, configured by the business.
Savings and capitalisation products
Capitalisation and collective-savings products, with term, technical interest rate and capitalisation frequency configured by the business, no development required.
Interest and capitalisation engine
Fixed-rate compound interest accrued day by day on the balance, with monthly or quarterly capitalisation.
Mathematical provisions
Prospective actuarial provisioning, revalued automatically each month and stored with full history for audit.
Partial and full redemptions
Configurable redemption rules with FIFO amortisation and automatic recalculation of the remaining guaranteed capital.
Fee lifecycle
Entry, management and redemption fees calculated and deducted automatically, shown clearly on the client statement.
In-force migration by upload
Bring in-force policies and their full statement history across by upload, with validation and error reporting.
Proof it holds up
What life and savings carriers get from the first release.
- Savings, capitalisation and unit-linked products under one parametric framework
- Prospective mathematical provisions revalued monthly with full history
- Redemptions with FIFO amortisation and guaranteed-capital recalculation
- In-force portfolios migrated by upload, with validation and statement history
Explore other segments
One platform, tuned to each book of business.
Non-Life
Motor, property and liability priced, underwritten and settled on a single configurable core.
ExploreHealth
Individual and group health, wired into the provider and convention network, with cashless and free-choice reimbursement from day one.
ExplorePensions
Pension funds from defined benefit to PEPP, run on one core: contributions, benefits, the AT fiscal chain and ASF reporting.
Explore
Ready to transform your insurance operations?
Let us walk you through a tailored demo of RIFT, built for the full spectrum of insurance, from product definition to claims settlement.
Request a demo