EDI 267 Individual Life, Annuity, and Disability Application

What is an EDI 267 Individual Life, Annuity, and Disability Application?

EDI 267 is an ANSI X12 transaction set that contains details about a new business application. It is also used to exchange information about insurance and insurance coverage between related parties.

The types of contracts covered by this transaction set include:

• Individual life
• Annuity
• Disability application

The data contents and format of EDI 267 Individual Life, Annuity, and Disability Application are used for the electronic interchange of information. An EDI solution is used to map information to EDI 267 format or to parse an EDI message received by a trade partner.

Workflow for the Exchange of an EDI 267 Individual Life, Annuity and Disability Application

EDI 267 falls under the category of X12N Insurance transaction sets. Insurance and reinsurance companies use this transaction to exchange information with insurance agents. The information exchanged using EDI 267 helps insurance companies underwrite insurance contracts. The transaction set is also used to exchange information about insurance benefits and payments covered in the contract.

Stay EDI Compliant with EDIConnect

EDIConnect is an enterprise-grade EDI solution designed to handle EDI X12 and EDIFACT transaction sets. EDIConnect, bundled with its built-in EDI parser, validator, and transaction builder, makes the process of sending and receiving EDI messages quick and easy. It also enables businesses and trade partners to communicate in a seamless manner and achieve EDI compliance.