Bill Collection (Insurance Premiums)
This workflow template illustrates the collection of outstanding insurance premiums from individual clients. Purchase and download this template in PDF, Visio and PowerPoint formats, and customize it to fit your organization, or use it to better understand the Bill Collection (Insurance Premiums) process.
Related KPIs : Percentage of Inbound Promises to Pay Kept, Percentage of Outbound Calls Resulting in Promises to Pay, Percentage of Delinquent Customers Contacted
What is Bill Collection (Insurance Premiums)?
The Bill Collection (Insurance Premiums) process involves the collection of outstanding insurance premiums from individual clients. This process includes discrepancy identifications, account information updates and verification, payment processing (all payments are reconciled during this process) and account cancellation (if the outstanding amount is not collected or the customer wishes to cancel the account).
Download a Sample Bill Collection (Insurance Premiums)
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