Insurance Agents and Mobile Technology

           If we start thinking about the Insurance agents what exactly comes to our mind. A well dressed Insurance Executive with files in one hand and a suitcase in another. As you all know agents are the backbone of Insurance Industry. If there were no agents then insurance would have been unsuccessful industry. It has become a massive industry just because of Agents. These Agents help the insurance companies generate new business by contacting potential customers and selling one or more types of Insurance.

But now-a-days it has become more complex for insurance agents to get a good count at the year end because of manual work. So they started looking for an Insurance Software which will ease their work and save their time.

Providing Insurance Software management for Insurance agents is not that easy, there will be more objectives involved. So to ease their work, Dream Tekis had come up with the high level software solutions for Insurance Agents. Dream Tekis Insurance Software Solutions are more powerful with user friendly options. Dream Tekis take ownership of providing Insurance software Solutions through web based and Mobile Based. Dream Tekis Insurance Software Management not only eases their work in fact it will help the Insurance Agents to get a good number of business.

Dream Tekis Insurance Software Management caters all the Insurance software Solutions under single roof. Dream Tekis Insurance Software Management Solutions are integrated into particular, flexible software system. SOHAM Insurance software will also reduce acquisition; retention costs and increases the ease of doing business. DreamTekis have 3 powerful apps in Google Play store for calculating insurance premium. 

These 3 apps are a helping hand for insurance agents.

1.  These app’s completely work in Offline mode or without Internet.
2.  Zero or Nil Depreciation calculator.
3.  Premium quotation can be sent through SMS Offline, WhatsApp, Hangout, Hike, Text, PDF, etc.

Dream Tekis Software for Insurance Industry

“Un-expectancy” is a reality of life; we are unaware of what future has in store for us. Even if you're in good health, an unexpected illness can make you to pay an extra if you don't have insurance. Insurance has turned out to be a noteworthy in most developed countries. Insurance is a protection offered by the insurance company to a person to hedge against the risk of a contingent, uncertain loss; there are many kinds of insurance and reinsurance. This includes life insurance, health insurance, motor insurance, travel insurance, home insurance, rural insurance, commercial insurance and business insurance.

The Benefits of Using Insurance Software

Working in the insurance requires agents to be on point constantly. It’s a fast moving and very intense field. Before the dawn of modern technology, it was very complicated and communications were relegated to multiple devices and much of it was done by hand. As the industry became larger and more complex, there’s an almost palpable need for the best insurance software. In today’s industry, many agencies are using a general customer relationship management (CRM) tool that works just fine for them. In many cases, they don’t see the need for specialized programs specifically for insurance. Imagine software that knows exactly what forms you need and what information needs to be placed into them. A program that is always one step ahead of the process and ready to deliver you the documents, information, and capability you require. This alone is a massive increase in efficiency and productivity. 

Put hands together for Dream Tekis Software Pvt Ltd, which provides ultimate software solutions for Insurance Agents. Dream Tekis was incorporated on 5^th of Jan 2006. With the tri-plans of ‘Soham Insurance Based Products’, we have made a transformation in this sector. Our products are a helping hand to many Insurance companies around the globe. So here is an Insurance solution under single roof with Dream Tekis. Our Insurance Software solutions are integrated into single, adaptable system. Dream Tekis products will sure transform your core operations, which will help you to achieve cost reductions, growth, scale, easier, more cost-effective strategies for agents & insured to work with you. General Insurance software also reduces acquisition, retention costs and increases the ease of doing business.

Dream Tekis is with the vision of aspiring to be a widely recognized as a trustworthy insurance based IT Company for providing high quality software applications with best services that can enable better business for our clients.

Dream Tekis confidence in ‘Soham’ products are built on the belief that 'Our Technology Solutions Makes a Business Sense', which influences and connects our different cultures, societies, and ways of life. Dream Tekis provide insurance software for agents, insurance software for companies, insurance management system, insurance solutions, insurance process application and so on which are very helpful. The different sectors of insurance such as General Insurance, Life Insurance, Medical Insurance and Re Insurance. Whether it is insurance for vehicle, building, business property, equipment, inventory or accidents, Dream Tekis offer products and services to protect it all. Dream Tekis is also one among the companies in the world which provides End to End solutions with all vertices of Insurance Software. Dream Tekis products are spread out in 12+ countries, 20+ Clients, 500+ Web App Users, and 4000+ Mobile App Users. Last but not the least; now Dream Tekis are a millionaire in terms of policy means having Million+ Policies.

Our Insurance Management System sources to cater to your entire insurance solution under single roof. Our Insurance Management Solutions are integrated into particular, flexible software system .Our products guarantees to transform your core procedures, which will help companies to attain cost reductions, development, scale, easier, more cost-effective strategies for agents & insured to work with you. Soham Insurance software will also reduce acquisition; retention costs and increases the ease of doing business.

Technology is our Strength… Insurance domain is our Asset!

Rani Paruchuri, Founder & CEO, Dream Tekis Software Pvt. Ltd.

For Rani Paruchuri, life was difficult in Lakshmipuram, a village in Andhra Pradesh. This enterprising techie  studied in a Telugu medium school without the faintest idea about the existence of computers, or her inclination towards technology. When she was 12, Rani lost her father and things took a turn for the worse. Her mother was uneducated and it became even more difficult to sustain the family.

Rani finished her intermediate in 1989 and wasn’t sure what she wanted to do with her life. One day, her maternal uncle, who was visiting them, found Rani studying till midnight under dim light produced by a 25 watt bulb. Her dedication made him decide to provide her with a better education option. He got her admitted into BSc Computer Science at Loyola Academy in Hyderabad. The year was 1989 and computers were still a novelty, but Rani was fortunate enough to have access to them. Rani recollects one of her first interactions with computers when the students were given an assignment to write a program to add two numbers. One of the friends in her group knew how to do it so everyone else copied it from her. The moment she saw the output on the system she realized the power these machines held. Though this happened 25 years ago, that moment is still etched in her memory like it was yesterday.

Teaching Java in 1998

Rani recalls another incident that put her in touch with her inclination to computers and technology. While observing a friend of hers teach Bubble sort to a group of people, it didn’t take her much time to figure out the underlying concept, especially when most try to memorize the same. She understood the value of learning things on a conceptual level. It was only when she was nearing the end of her college degree that she started thinking about Rs 35,000 spent in her education by her mother. Rani had no idea about her future because people around her felt that Computer Science was not a field for girls. Fortunately, the HOD offered her a job as a lab instructor for Rs 1500 a month which she accepted gratefully.

As part of the job there were times when she had to teach Pascal and COBOL to students. Rani recalls that when she took her first class, she realized that she was not fluent in English and was fumbling with the language. But once she started teaching and immersed herself in the subject, she gradually improved.

With her mother

Rani got married at the age of 20, and worked for a year and a half at Loyola and then joined as a trainer at Bluechip Infotech. During this time, she met a friend who was working as a DTP operator. Desktop publishing was a new field then and had a good reputation. Rani asked her friend to teach her DTP but her response was not encouraging. She told Rani, “One needs to have an ‘artistic ability’ to learn DTP.”

“I went home and started drawing on white sheets to figure out my aptitude for DTP. Once I was done with a handful of drawings and was satisfied with the outcome, I immediately went to her house and knocked her door. When she came out and asked me what am I doing at 10 o’clock in the night at her place, I showed her the drawings and asked if this much artistic ability is enough to learn DTP. She relented and agreed to teach me.” Rani says.

Meanwhile, she also started a summer camp to teach kids the basics of computers. Though the camp had only two kids initially, soon word spread and there were enough kids to take it full time. In 1995, Rani attended a course by CDAC (Center for Development of Advanced Computing) for trainers and started a training institute. Out of curiosity, Rani immersed herself in learning Java for three-four months and scored 95% in SCJP. She then started teaching at her institute, as well at a few other places and slowly her popularity grew. Such was her fame that institutes would advertise her classes as ‘Java Classes by Rani Paruchuri’.  The institutes had over 200 students learning from her at any given point.

With her brother

After one of the seminars she gave on Java vs.NET, Rani received a feedback that said, “It was my dream to see Rani Paruchuri, thank you so much.” She had attained a celebrity status in Hyderabad when it came to Java. Rani says even after so many years, people come back and reach out to her just to show their gratitude.

Things didn’t remain good for long. Following the tech bubble burst in 2000, technology took a beating and the number of students pursuing a career in computer science reduced. The number of students at her coaching classes went from 200 to 10. On the personal front too things were hard. Her mother was hospitalized and she had to attend to her while reading books in the night and preparing for the classes next morning. There were days when she hardly slept for an hour. Her mother passed away in the same year. She was her sole inspiration. Rani says,  “Everything that I have done is only to see a smile on her face.” She took five days leave to complete all the formalities and was back to teach on the sixth day. In her entire working life spanning over 25 years, Rani has take less than 100 days of leave in total.

Rani joined another company, Chakilam Infotech, in 2001 as a project manager, but things didn’t turn out well there. In late 2002, she joined Intel which turned out to be one of the best decisions of her career. Rani says it was thrilling to see how a company can keep its competitive edge for over 35 years.

Rani worked for Intel from 2002 to 2005. In 2006, she started Dream Tekis Software Pvt. Ltd., a software products company for building B2B core Insurance enterprise products. The company was started by four people and had an employee headcount of eight. In the last eight years, they have grown to an employee headcount of over 40 and have a presence in multiple Asian & African countries, including Kenya, Nigeria and Ghana, and also Nepal with 40% growth. Recently, Dream Tekis also came up with their android app – My Insure Book, for Insurance agents.

Rani Paruchuri, Founder & CEO, Dream Tekis Software Pvt Ltd.

In 2009, Dream Tekis went through a severe financial crisis. There was no money to pay electrical, water or even internet bills. One day, the boy who used to maintain the plants in office for Rs.700 per month, barged into her cabin and dragged out all the pots as they did not have money to pay. People took a salary cut and manpower was reduced to one-third. Rani says she was ready to walk down to office to save money on transport and then finally shifted to another location to save on rent. They started working on their second product which finally started selling well and things started getting better.

Rani says one of her biggest challenges is hiring, and there are two traits which she looks at while hiring people. One being the eagerness to learn and how open they are to new ideas. The other being their basics and how strong they are at it.

“Being a women and a techie is difficult, and people don’t take you seriously until they see you code,” she feels. Rani is extremely thankful to her brother, who is also her mentor and guide, and her mother, who has also been the motivation behind her every act. “She always used to say, ‘If not you then who else will do it.’” Her husband has been a big support and soul mate in her journey along with her two daughters.

Highlights on Budget 2016-17 in light of the Insurance Industry.

The objective of this Budget is to improve quality of life and to pass benefits to common man.

The Finance Minister Arun Jaitley giving final touches to the Union Budget.

This time the government decided to spend Rs 5,500 crore for the crop insurance scheme. In his Budget speech, Finance Minister Arun Jaitley said that the farmers will have to pay nominal premium for the coverage.There will be a uniform premium of 2% needs to be paid by farmers for all Kharif crops and 1.5% for all Rabi crops. In case of annual commercial and horticultural crops, the premium to be paid by farmers will be only 5%.The balance premium will be paid by the government. Isn't this WOW!!! And one more Good News is that Government decided to provide health insurance up to Rs. 1 lakh per family.

Finance Minister Arun Jaitley on Monday proposed listing of four PSU general insurance companies namely, New India Assurance Company Ltd, National Insurance Company Ltd, Oriental Insurance Co Ltd, and United India Insurance Co Ltd.

Government is also working on a cashless health insurance scheme for senior citizens which may be announced in the upcoming days.