3i Infotech Launches e-Business Platform PREMIA Collaborator™; Technology promotes self-service efficiency in health benefits administration

Business Wire, Jan 5, 2006

EDISON, N.J. -- 3i Infotech (www.3i-infotech.com), a global IT solutions provider, has announced the launch of its e-business collaboration suite for health insurance carriers and third-party administrators (TPA). PREMIA Collaborator(TM) is preconfigured as a suite of interactive web portals on top of a carrier's legacy benefits administration system, for use by employers, members, providers and brokers.

PREMIA Collaborator(TM) simplifies health benefits management administration for employers and brokers by providing web capabilities such as online enrolments, premium billing, quotations, commissions statements and reports. By automating what was traditionally a labor intensive practice, PREMIA Collaborator(TM) significantly reduces the carrier's operational cost and staff time in handling customer queries and requests.

Apart from cost and labor savings, 3i Infotech's e-collaboration suite enhances the customer's overall experience & participation. PREMIA Collaborator(TM) provides a range of functions for members and providers to deal with enrolments, explanation-of-benefits, eligibility and claims. Electronic attachments are used to efficiently handle customer queries, complaints, suggestions & grievances, quickly and accurately. This results in a dramatic reduction in paper, postage and manual handling costs.

"The health benefits management administration industry is transforming at a time when it is critical to have the ability to provide information as accurately and securely as possible to both employers and employees" said Vivek Sethia, Vice President - Insurance, 3i Infotech Inc. "PREMIA Collaborator(TM) gives a unique opportunity to carriers and third-party administrators by enabling them to implement an effective and secure web strategy for their sales, operations and customer participation."

For additional information please visit: www.3i-infotech.com/premia

About 3i Infotech Limited

3i Infotech Limited (www.3i-infotech.com) provides information technology solutions through its range of solutions for banking, finance, insurance, e-Governance, manufacturing, retail and distribution. Its software business is SEI CMM Level 5 compliant and is ISO 9001:2000 certified for its Infrastructure Services.

Using its domain knowledge and through continuous investment in technologies, 3i Infotech Limited helps corporations in their businesses through its expertise in enterprise-class software solutions, software services, information security consulting, IT infrastructure and disaster recovery solutions. 3i Infotech is one of the top 5 Indian Software Product Companies(a) with a presence across 5 continents and servicing customers in 45 countries. It is the fastest growing Indian Software Product Company in 2004-05, with respect to both domestic and overseas software product sales(a).

(a) Source: Dataquest - DQ Top 20, July 2005

Disclaimer: Except for the historical information contained herein, statements in this release, which contain words or phrases such as "will", "would", "expect", "believe", and similar expressions or variations of such expressions may constitute "forward-looking statements". These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of our principal international markets, the performance of the industry sectors in which our clients are based, the performance of the information technology industry sector world-wide, competition, our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of our growth and expansion in business, technological implementation, changes, advancements, and redundancies, the actual demand for software products and services, or the future potential or feasibility thereof, changes in revenue, income or cash flows, our market preferences and our exposure to market risks, as well as other risks. 3i Infotech undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.