Scribd
Upload
6 views5 pages

Insurance Management System

The document outlines the development of a Loss Control System for Insurance Producers aimed at automating the management of life insurance policies, agents, and clients. It highlights the limitations of the existing manual system, such as inefficiency and error-proneness, and proposes a digital solution to streamline operations and improve data management. The new system is designed to enhance transaction speed and accessibility while reducing paperwork and manual entry.

Uploaded by

Govind G
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
6 views5 pages

Insurance Management System

The document outlines the development of a Loss Control System for Insurance Producers aimed at automating the management of life insurance policies, agents, and clients. It highlights the limitations of the existing manual system, such as inefficiency and error-proneness, and proposes a digital solution to streamline operations and improve data management. The new system is designed to enhance transaction speed and accessibility while reducing paperwork and manual entry.

Uploaded by

Govind G
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
You are on page 1/ 5

INSURANCE MANAGEMENT SYSTEM

ABSTRACT

The project entitled “Loss Control System for Insurance Producers” manages the working
concept of Life Insurance Corporation. This project is to develop for insurance organization to
atomize work technique, utilizing this system to agents and policyholders can know details about
present policies, schemes, policy specifications, terms and conditions on the policy, policy
registration by the clients. Operator commission depends on client approach register and target
specialist accomplishes for every month or year. This system maintains data of branch directors
who can manage agents and clients. There is no need for human interface in calculating any
details. Total work is done management administration system which will save time and less
paperwork and even human resource. The proposed system gives the easy solution for the above
and some different issues by giving a common and centralized database structure for all
individuals. The developed website gives the following facilities to the administrator clients.
Insurance services in the medieval age policy agents and policyholders have utilized the paper to
take cash from the insurance transaction, however, know the innovation is completely created
everything is being changed over to computerized. Presently multi day’s everybody is utilizing
the internet in this quick race the business and money making individuals are additionally
utilizing. No nation, no organization and no people need to fall back in this fast generation
everybody needs to the lead the group.
SYSTEM ANALYSIS

EXISTING SYSTEM:

The existing system is the manual system. The manual system is prone to error. It is time
consuming. It is difficult to search for a data Most of the insurance organizations are not having
any existing fully computerized system. It is very difficult for a person to produce the report.
There are chances for changing the scheme report and do malpractice. they are managing the
information in the form of Excel spread sheets. This system involves a lot of manual entries with
the applications to perform the desired task. Every member organization has its own data
structure. Usage of papers in the payment process leads to less efficiency, less accuracy and less
productivity. Due to lack of centralized data structure, it is very difficult to merge the data to
analyze the statistics.

DISADVANTAGES

 It will take a lot of time


 Important information was collected into the hard copy
 A lot more chances of entering the information wrong.
PROPOSED SYSTEM:

The proposed system is for making easier to manage policy holder details, agent details,
policy details, claimant details and payment details. The proposed system is designed to
eliminate the drawbacks of the existing system. It is designed by keeping to eliminate the
drawbacks of the present system in order to provide a permanent solution to the problems. The
primary aim of the new system is to speedup transactions. This insurance management system
will be developed for managing the insurance management system. The overall system is control
through the main menu. The report is prepared for the schemes and implemented by the
concerned officials.

Since the advent of Online Insurance services in the Middle Ages Policy Agents and policy
Holder have used paper-based instrument to move money between Insurance transactions. It
comes as no surprise to one that when everything is being converted to computerize. Already the
business has to global with the coming of Internet. Now, no more the individual aims at the local
market is also just a click of button away. Dozens of companies are in the race to convince
auction and bidding that a pot of Policy’s awaits those who conduct their business on the
Internet. In this fast race of business and moneymaking, no country, no company and no
individual want to fall back. Everyone wants to lead the group. Hence, everyone is trying to
make the best use of Internet.

ADVANTAGES

 All the work will be digitalized and is done via computers and internet.
 Time consume will be reduced
 Get an easy access to their information.
SYSTEM ARCHITECTURE

Managem
ent
PHP Web
Server
Customer

MYSQ
Insurance
L
Process
Payment
Interface
SYSTEM REQUIREMENTS

HARDWARE REQUIREMENTS

 System : Pentium IV 2.4 GHz.


 Hard Disk : 500 GB.
 Monitor : 15 VGA Colour.
 Mouse : Logitech.
 RAM : 4 GB.

SOFTWARE REQUIREMENTS

 Operating System : Windows-7/10/11.


 Language : HTML, JavaScript and PHP 7.0.
 IDE Tools : Visual Studio Code 1.7
 Backend : MYSQL 10.0.

You might also like