Insurance Reconciliation

hari@dasarpai.com (Dr. Hari Thapliyaal) — Fri, 17 Jul 2026 00:00:00 +0000

Part 10 of the Complete Guide to Reconciliation Systems in BFSI

A family pays the annual premium for a life-insurance policy two days before its due date. The bank confirms receipt, but the policy-administration system still marks the premium as unpaid. A day later, an automated reminder tells the family that coverage may be affected.

The cash exists. The policy exists. The amount is correct. The problem is the payment reference: it contains an application number used before the policy was issued, while the administration system expects the final policy number.

Reinsurance on dasarpAI

Insurance Reconciliation