TCS BaNCS Insurance caters to both traditional and unit linked products. The core promise of the solution is the flexibility that enables you to reduce time to market in launching new and innovative products and enables you to take on the challenges posed by continuously evolving distribution channels.

Product Workbench, the product management component of TCS BaNCS Insurance, supports the development of innovative and complex insurance products across all business lines. At each phase of the product lifecycle, Product Workbench helps global insurers to increase flexibility, reduce costs and reduce risks. TCS BaNCS Insurance - Product Workbench offers a multilayered approach: data capture, data validation, rule management, risk calculation, and reporting.

Effectiveness in the insurance industry stems from flexibility in responding to an extremely dynamic market. Insurers need the ability to provide coverage against new and emerging types of risk, using hybrid products and policies spanning multiple lines of businesses. As new risks emerge, insurers have to stand ready to meet the demand with innovative product packaging. Product Workbench offers advanced capabilities in product configuration and business rule management, allowing insurers to derive significant benefits from the TCS BaNCS Insurance solution.

TCS Financial Solutions is a strategic business unit of Tata Consultancy Services (TCS), the world leader in software development and deployment. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model™, which draws upon over 111,000 of the world's best-trained IT consultants in 50 countries to achieve certainty in implementation.