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Synopisi

The Life Insurance Management System is a software solution aimed at automating and streamlining the management of life insurance policies, including customer details, policy registration, and claims processing. It features user management, policy management, premium payment management, and reporting capabilities, utilizing technologies like HTML, PHP, and MySQL. The system enhances efficiency, reduces paperwork, and improves customer experience by providing real-time access to insurance data.

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Suraj Tapkir
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19 views9 pages

Synopisi

The Life Insurance Management System is a software solution aimed at automating and streamlining the management of life insurance policies, including customer details, policy registration, and claims processing. It features user management, policy management, premium payment management, and reporting capabilities, utilizing technologies like HTML, PHP, and MySQL. The system enhances efficiency, reduces paperwork, and improves customer experience by providing real-time access to insurance data.

Uploaded by

Suraj Tapkir
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1

Project Synopsis on
Life insurance management system

Submitted By
Aditya Sasar
Suraj Tapkir

Under the Guidance of


Rambabu Makhana

In partial fulfilment of the Degree of


Bachelor of Business Administration (Computer Application)

SYBBA (CA) Semester IV

Batch-2023-26

Academic Year

2024-25

Submitted to

ISB&M College of Commerce, Pune

Savitribai Phule Pune University, Pune


2

INDEX

Sr. No Chapter Page No.

1 Introduction 3

2 Objectives 4

System Features
3.1 User Management
3.2 Policy Management
3 5
3.3 Premium Payment Management
3.4 Claim Management
3.5 Reports and Analytics

4 Technologies Used 6

5 System Architecture 7

6 Benefits of the System 8

7 Conclusion 9
3

1. Introduction:-

The Life Insurance Management System is a software solution de-


signed to streamline and automate the processes involved in managing
life insurance policies. It enables insurance companies to handle cus-
tomer details, policy registration, premium payments, claims process-
ing, and agent management efficiently. This system reduces manual
paperwork, minimizes errors, and enhances customer service by pro-
viding a centralized platform for all insurance-related activities.

2. Objectives : -
4

 To develop a user-friendly interface for policyholders, agents,


and administrators.

 To maintain a secure database for customer and policy details.

 To automate policy issuance, premium collection, and claim set-


tlement.

 To generate reports for better decision-making.

 To provide role-based access control to different users.

3. System Features :-
5

3.1 User Management


•Admin, Agent, and Customer roles.
•Secure login and authentication.

3.2 Policy Management


 Creation and management of various life insurance policies.
 Policy renewal and updates.

3.3 Premium Payment Management


• Online premium payment facility.
• Automatic reminders for due payments.

3.4 Claim Management


• Claim registration and tracking.
• Claim verification and settlement.

3.5 Reports and Analytics


• Generation of policy, premium, and claim reports.
• Customer and agent performance tracking.

4. Technologies Used :-
6

• Front-end: HTML, CSS, JavaScript (React/Angular)

• Back-end: PHP

• Database: MySQL, PostgreSQL,

• Server: Apache Tomcat or Node.js

5. System Architecture :-
7

The system follows a three-tier architecture:

1. Presentation Layer: User interface for customers, agents, and ad-


ministrators.

2. Business Logic Layer: Handles policy management, claims, and


payments.

3. Data Layer: Stores and retrieves policyholder details, payments,


and claims.

6. Benefits of the System


8

• Enhances efficiency and accuracy in life insurance management.

• Reduces paperwork and operational costs.

• Provides real-time access to insurance data.

• Improves customer experience with faster processing.

7. Conclusion
9

The Life Insurance Management System is a robust and scalable solu-


tion that ensures smooth management of life insurance policies,
claims, and payments. It helps insurance companies digitize their pro-
cesses, improve customer satisfaction, and enhance operational effi-
ciency.

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