PLICL Bank API
Secure high-performance REST API enabling partner banks to process real-time premium collections with JWT authentication.
Client
Postal Life Insurance Company (PLICL)
Industry
Banking & Financial API Integration
Year
2025
Services
4 disciplines
The Challenge
PLICL needed to integrate with partner banks for premium collection. Banks needed real-time policy status verification and payment processing without accessing PLICL's internal systems. Payment posting took 3 days, and bank partner onboarding took months.
Our Solution
We designed and built a secure, high-performance REST API exposing specific endpoints for bank partners. The API enables real-time premium payment processing, policy verification, and loan requests with JWT authentication and rate limiting.
Our Approach
We architected the API with JWT Bearer token authentication (unique issuer for each bank), API rate limiting, IP whitelisting, and request/response logging with sensitive data masking. Swagger/OpenAPI documentation with sample code in C#, Java, PHP, and Python accelerated bank partner onboarding.
The Impact
Over 500,000 policies enabled for real-time premium payment via banks. Payment posting time reduced from 3 days to real-time. Bank partner onboarding dropped from months to weeks. Zero security breaches since deployment.
Measurable Results
500,000+
Policies Enabled
3 days → Real-time
Payment Posting
Months → Weeks
Bank Onboarding
Zero
Security Breaches
Key Features
GET /api/policy/{number}: verify policy exists, owner name, premium due
POST /api/payment/premium: record premium payment from bank
GET /api/payment/history/{policy}: retrieve past payments
POST /api/policy/loan: request policy loan (if applicable)
JWT Bearer token authentication with API key rate limiting
Request/response logging with sensitive data masking and IP whitelisting
Swagger/OpenAPI documentation with sample code in C#, Java, PHP, Python
Services
Tech Stack
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