Blockchain-Powered Life Settlement for Fairer, Faster Transactions
Life settlement companies face a range of challenges like customer verification, investment frauds, high operational costs, unauthorized contract underwriting, and policy management that disrupt the seamless execution of the life settlement process. Adoption of blockchain-based life settlement solution not only addresses the aforementioned concerns but also expedites the life settlement process by automating and streamlining sub-functions, adding transparency, traceability, auditability, and security.
Damco’s B-Life is a blockchain-powered solution that facilitates the most trusted, immutable, auditable, and transparent environment for a frictionless life settlement while bringing all parties on board. Leveraging decentralized, distributed ledger technology (DLT), B-Life helps insurance companies detect fraudulent claims, streamline diverse life settlement functions, reduce operational costs, and ensure transparency in the settlement process by eliminating intermediaries.
Run a Transparent, Frictionless Life Settlement Business
Damco’s B-Life solution helps you leverage blockchain technology to enhance transparency, auditability, and traceability of your life settlement process.
Stakeholder Dashboard
User-friendly, interactive, and easily accessible dashboard gives quick snapshots of policy sale, purchase, management, and verification.
Tokenized Rewards
Intuitive reward system offers crypto tokens to customers, promoting customer loyalty and creating engagement opportunities.
Client-Centric Rewards
Feature-rich platform enables elevated customer experience, risk-free life settlement, secure payment disbursement, instant fraud detection, and custom LE reports.
Blockchain-Based Escrow
Decentralized and DLT based escrow ensures a secure and authorized exchange system for risk-free litigation.
Blockchain-Based KYC
Automate customer verification with DLT for faster life settlement transactions, zero insurance/investment frauds, and reduced operational costs.
Smart Contracts
Smart contracts-backed cryptographic record management, risk assessment, and automated value transfer without third-party intervention eliminate the possibility of manipulation.
Elevate Your Life Settlement Business With Secure Transactions
Request DemoUse Cases
Damco’s B-Life solution helps you leverage Blockchain technology to enhance transparency, auditability, and traceability of your life settlement process with the following features:
Policy Management
Get an auditable system to manage life settlement policies securely on blockchain to improve update, issue, and verification efficiency.
Contract Signing
Leverage blockchain-based smart contracts to sign immutable contracts online and minimize delays.
Payment Disbursement
Unlock a highly secure and traceable payment transfer system on blockchain, expediting transaction execution.
Medical Underwriting
Deploy a blockchain-based solution for effective assessment of the risks associated with life settlement application.
e-KYC
Empower your life settlement company with foolproof, blockchain-backed customer KYC.
Escrow System
Implement a transparent, blockchain-based Escrow system to regulate policy sale, purchase, and payments.
How B-Life Simplifies Your Life Settlement Process
Instant Fraud Detection
Blockchain-powered customer KYC and redressal of life expectancy risks associated with fraud LE reports.
Auditable Payment Disbursement
Enhanced security and traceability in payment transfers for a risk-free, expedited claim settlement.
Authorized Escrow System
Transparent & immutable LE medical underwriting promotes risk-free litigation and abolishes intermediaries.
Real-time Administration
Seamless policy updation & issuance, transaction tracking, and customizable LE reports.
Compliant Data Protection
Decentralized, tamper-proof customer data management compliant with regulatory norms.
Faster Life Settlement
Quick and secure life settlement that eliminates intermediaries.
