Insurance Management System

MAHARASHTRA STATE BOARD OF TECHNICAL

EDUCATION, MUMBAI.

A
Micro Project Report
On
Insurance Management System
Under the Guidance
Of
Miss.S.B.Chandanshive
Lecturer,GAD
(22034)

Submitted By
Mr. Sawant Yash Sambhaji

Diploma In
COMPUTER ENGINEERING

AT
SHIVAJI POLYTECHNIC COLLEGE,
SANGOLA 2022-2023

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Vision and Mission of the Institute

 VISION :

To impart quality technical education based on values to the students of draught prone regions to
create technocrats and entrepreneurs to meet needs of industry and society at large.

 MISSION :

Our mission is to create an environment in which students will be able to realize technical and
entrepreneurship potential through students and industry centric pedagogy

Vision and Mission of the Department

 VISION :

To be a center of excellence in the field of computer engineering by enabling our students

technically superior and ethically strong. Who in turn serve for the betterment of the
society.

 MISSION :

To achieve the vision the department will-

1. To impart latest technical education and knowledge in the field of computer engineering.

2. To prepare our student to be professionally and morally sound technocrats.

3. To provide intellectual inputs to knowledge based industry in the form of qualified and
trained man power

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PROGRAM OUTCOMES (POs)

 PO1.Apply knowledge of basic mathematics, science and engineering and computer

engineering fundamentals to solve the computer engineering problems.
 PO2. Identify and analyze well-defined computer engineering problems using software
and hardware systems.
 PO3. Design solutions for well-defined computer engineering related problems and
assist with the design of systems components or processes to meet specified needs.
 PO4.Apply modern computer engineering tools / software and appropriate technique to
conduct standard testing and debugging.
 PO5.Apply appropriate computer engineering technology in context of society,
sustainability, environment and ethical practices.
 PO6.Use computer engineering concepts individually, as a team member or a leader to
manage projects and effectively communicate about well-defined computer engineering
activities.
 PO7.Ability to analyze individual needs and engage in updating in the context of
technological changes.

PSO’S

 PSO1:-Understand & apply the basic concept of Science, Mathematics & Electronics.
 PSO2:-Understand & apply the principles, laws, applications of Control system,
embedded system, and Communication systems, digital & analog devices.
 PSO3:-Analyze, design. Construct &test electronics systems using relevant techniques.
 PSO4:-Understand social & environmental concerns & provide solution
for sustainable development through life-long learning.

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Ramakrishna Technical Education Society’s

SHIVAJI POLYTECHNIC COLLEGE,

SANGOLA

MICRO PROJECT

Academic year: 2022-23

TITLE OF THE PROJECT

Insurance Management System

Program: CO Program code:4I

Course: GAD Course code: 22034

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MAHARASHTRA STATE
BOARD OF TECHNICAL
EDUCATION

Certificate

This is to certify that Mr. Sawant Yash Sambhaji of third semester of Diploma in Computer
Engineering of Institute, SHIVAJI POLYTECHNIC COLLEGE SANGOLA (Code: 1208) has
completed a Micro Project satisfactorily in Subject – GAD(22034) for the academic year 2022-
2023 as prescribed in the curriculum.

Place: Sangola Enrollment No: 2112080031

Date: Exam Seat No:242088

Subject Teacher Head of the Department Principal

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Student Details

Roll
Sr.no Name of student Enrollment no Seat no.
no.
1 Sawant Yash Sambhaji 56 2112080031 242028
2 Pawar Sajjan Popat 51 21120800
3 Patil Kuldip Umesh 47 21120800

Name of Guide: Miss.S.B.Chandanshive

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INDEX

Sr. No. Title Page No.

1 Abstract 8

2 Main Body / Content 9

3 Conclusion / Learning Outcomes 22

4 References & Sources Used 23

5 Weekly Work / Progress Report 24

6 Evaluation Sheet 25ss

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Abstract
Insurance Management System is an application designed for a group of
insurance agents, which supports the maintenance activities of Insurance .

Main aim of this project is to develop a online application for insurance company
to atomize work procedure, using this system agents and policy .
Our aim is “Customers want to be able to buy online insurance with confidence”.
It is a system that enables clients to check for different cakes available at the
online store and buy on the web

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Main Body
INSURANCE MANAGEMENT SYSTEM

INTRODUCTION
Online Insurance management system is a web application which is developed for
tracking the details of the insurance policy, customer details and company details.
This web site is an online insurance Analysis and information management system
that provides easy access of information regarding the people and resources of
insurance. User can view their own personal details when login into the Policy
Holder module. This project is useful for any kind of insurance company to manage
the insurance details, to sanctioned the insurance for customer, process the
insurance policy details and all kind of insurance process through online. The
Insurance management system is a complete solution for organizations, which
need to manage insurance for their vehicles, equipment, buildings, and other
resources. This insurance management website has facilities like search tools for
insurance awareness articles, guidelines, illustrations through images for visitors.
This insurance management system can efficiently manage the company, records,
provides instant access and one that improves the productivity. In this online
process the user enter into the website it will show details about insurance and its
types, also it will show the details about different duration schemes to the
corresponding insurance type or insurance policy. The main objective of the
developed system is to allow admin users to register insured persons with their
name, date of birth, residence address, medical history and also policy details. In
this process contains the user registration form which is used to apply for insurance
policy through online. It also helps the customer to view their own insurance status
information. After giving registering all the insured persons, website should provide
management facilities like delete unwanted persons’ data. And also should provide
awareness to the visitors about micro insurance through articles. If the user
registered insurance policy to this website, it will process that registration form by
verification and immediately give the temporary policy holder ID to the user. The
web site provides easy links for easy navigation in the site. After submission of
registration form the admin will process to verify that particular details registered
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by the customer and sanctioned the insurance policy. A visitor with minimum
knowledge of web browsing/surfing can access the site very easily. The developed
system should allow admin users to register insured persons with their name, date
of birth, residence address, medical history and also policy details. Then the
admin send the permanent policy

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holder ID and password to the customer and also send status information about
insurance policy to the corresponding policy holder. Due to dynamic nature of
features, the members, Admin members should be able to understand the provided
facilities. After registering all the insured persons, website should provide
management facilities like delete unwanted persons’ data. And also should provide
awareness to the visitors about micro insurance through articles. If the policy
holder wants to view the information about their own policy details, he/she login to
policy status page by using the policy holder ID and password had already given by
insurance company and view their own details and also they give feedback to the
insurance company. An online help documentation will be provided to help the
users and visitors in using the facilities.

Existing insurance management 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

Proposed insurance management 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

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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

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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.

MODULES OF INSURANCE MANAGEMENT SYSTEM

Agent Registration form:

New Agent gives their information like, Name, password, Ac no, bank, working details, age, sex,
address, e-mail id. Offer web based insurance management software system like insurance Policy
Administration, agency and agent management system software, life and non life InsurancePro is the
affordable, powerful and easy to use insurance agency management software, specially designed for
automating Independent Insurance.

AGENT LOGIN

The agent login form links to-

Basic agent information like contact details and address which will be shown
in customer insurance information window.

All the information related to insurances which he has made to his clients.

Commission received by him for each insurance made by him respectively.

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Option to create a new policy to any existing/new client.

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Option to edit the contact information of its client.

Option to delete a policy of any client in case of policy lapse.

The main advantages of this Insurance Management System VB Project are to

reduce the time and also manpower. These two factors are very important to
improve any download health insurance management system project source code
in asp.net and project report with ppt.

Policy Holder Registration form:

New Policy Holder gives their information like, Name, password, Ac no, bank,
Organization, Occupation, age, sex, address, e-mail id. DFD, UML diagram, Screen
shots, Paper presentation, output presents the Insurance Management System
project. Insurance Management System is an open source application. provides the
27-03-2013 • RxInsurance - Insurance Management System aims to create robust
solution for Insurance industry. Focus area is small companies who deal with policy

CUSTOMER LOGIN:-

The form contains the agent information like-

Personal information required by insurance

agency.

Next premium due of respective insurances by the client along with maturity date,
agent info etc.

Insurance management system : Insurance management system 1 Insurance

management system . View More Presentations. Learning Management System
Presentation. We offer web based healthcare insurance system solution for health
care insurance industry, health care insurance agency and healthcare insurance
agents. Check Project Title: Life Insurance Management System,Category:
Management software, Software Used: ASP.NET, JAVA,SQL SERVER, Download :
DFD, Project Report, Code Institute of Insurance and Risk Management, set up by
Insurance Regulatory Development Authority of India (IRDA), has been in existence

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for nearly a decade.

Admin form:

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Admin have provision to view all Agent, Policy, and Policy Holder information. First
Admin enter their name and Id then only they can access. And also admin have the
provision to view, Modify, Delete and insert the Policy, Policy Holder, and Agent.

Insurance management is a general term used to describe an insurance broker

or services firm. This type of company typically provides a range of insurance.
Compulsory subjects . CT 81 Insurance and Risk Management. CT 82 insurance
Business Environment. We at Kotak Life Insurance work as a team and have a flat
management structure. Our top management has many years of experience which
has helped guide the Insurance Management Software Solution - 3i Infotech offers
insurance organizations an array of powerful solution accelerators and software
that enable efficient end Insurance is the equitable transfer of the risk of a loss,
from one entity to another in exchange for payment. It is a form of risk
management primarily used to hedge

ADMINISTRATOR LOGIN:-

Administrator has

rights to- Create new

agent

Edit agent’s information and its commission

percentage. Delete an agent’s database and all its

policies respectively.

Offer web based insurance management software system like insurance Policy
Administration, agency and agent management system software, life and non life
Independent Insurance Agents As a Trusted Choice, Independent Insurance Agent
we act on your behalf to find the best possible coverage at the most affordable
rates. 22-08-2010 • Insurance management is a non-technical term used to
describe insurance brokers and providers and the insurance products they offer
buyers. Insurance. The Risk and Insurance Management Society, Inc. (RIMS) is a
professional association dedicated to advancing the practice of risk management.
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It was founded.

Agent Form:

This module is used for agent to view all details about their policy holder/clients
and also view their own personal details.

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USE CASE DIAGRAMS OF INSURANCE MANAGEMENT SYSTEM

Use Case Diagram: Visitor and Facilities

Use Case Diagram: Online Registered Members and Facilities

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FUNCTIONAL FLOW DIAGRAM

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The Insurance management system is a complete solution for organizations,

which need to manage insurance for their vehicles, equipment, buildings, and
other resources. Organizes and tracks insurance vendors and the policies
provided under different coverage.
We are offering a robust web based insurance solution, which has the flexibility
of customizations to match the specific needs of clients for achieving their
business goal of good service and revenue generation.
Insurance policy administration system consists of a mathematical notation
that captures the relationship between policies and objects and the entities
that manage policies for those objects.
Hence there is need for an automated system, which can efficiently manage the
company, records, provides instant access and one that improves the
productivity. As a result of this automated system, the activities of the company
are performed with in the stipulated time and the reliable and efficient service is
ensured to its users.
The insurance company needs to keep track of details of its target companies,
agents, policyholders, their premium payments and the various products that
are available with it. Hence it is under tremendous pressure maintaining their
day-to-day activities, which is currently being done manually.
Entire records have to be updated timely, even a slight mistake could
complicate things. It is very difficult to handle bulk data since human memory
is weaker than electronic counter part. It is time consuming to summarize
these details to produce the reports.
The Insurance management system is a complete solution for organizations,
which need to manage insurance for their vehicles, equipment, buildings, and
other resources. Organizes and tracks insurance vendors and the policies
provided under different coverage.
We are offering a robust web based insurance solution, which has the flexibility
of customizations to match the specific needs of clients for achieving their

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business goal of good service and revenue generation.
Insurance policy administration system consists of a mathematical notation
that captures the relationship between policies and objects and the entities
that manage policies for those objects.
Hence there is need for an automated system, which can efficiently manage the
company,

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records, provides instant access and one that improves the productivity. As a
result of this automated system, the activities of the company are performed
with in the stipulated time and the reliable and efficient service is ensured to
its users.
The insurance company needs to keep track of details of its target companies,
agents, policyholders, their premium payments and the various products that
are available with it. Hence it is under tremendous pressure maintaining their
day-to-day activities, which is currently being done manually.
Entire records have to be updated timely, even a slight mistake could
complicate things. It is very difficult to handle bulk data since human memory
is weaker than electronic counter part. It is time consuming to summarize
these details to produce the reports.

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Conclusion
Insurance is a large investment and you will most likely purchase multiple
policies throughout your lifetime. This project can bring a revolution in the
insurance industry. This project is useful for any kind of insurance company to
manage the insurance details, to sanction the insurance for customer, process
the insurance policy ctc…

Organizes and tracks insurance vendors and the policies provided under
different coverage. We are offering a robust web based insurance solution
This Life Insurance Management System in ASP.NET, working under three
modules, licenses directors to offer enrollment to ensured individuals

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REFERENCE & SOURCES USED

Website: -

(1) https://www.ijert.org/research/online-insurance-management-system-
https://www.freeprojectz.com/project-report/22931

(2) https://www.google.com/search?q=conclusion+on+Insurance+Management+System+proje
ct&rlz=1C1FKPE_enIN967IN967&sxsrf=AJOqlzVtehtyzmb_7l0CSkFWti5E7k50uQ%3A16
77721226508&ei=iv7_Y7TeHrWqmge75IPoAg&ved=0ahUKEwi0y_PNjrz9AhU1leYKHTv
yAC0Q4dUDCA8&uact=5&oq=conclusion+on+Insurance+Management+System+project&g
s_lcp=Cgxnd3Mtd2l6LXNlcnAQAzIFCAAQogQyBQgAEKIEMgUIABCiBDoICCEQoAEQ
wwQ6CgghEKABEMMEEApKBAhBGABQAFihEmCFGGgAcAF4AIAB7gKIAYMVkgE
FMi04LjKYAQCgAQHAAQE&sclient=gws-wiz-serp

Books:-

(1) A Guide to Insurance Management

(2) Principles Of Insurance Management

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WEEKLY PROGRESS REPORT

Sr. No. Week ACTIVITY PERFORMED SIGN OF GUIDE DATE

1 1st Discussion and finalization of Topic

Preparation and Submission

2 2nd
of Abstract

3 3rd Collection of Data

4 4th Discussion and Outline of Content

5 5th Formulation of Content

6 6th Editing and Proof Reading of Content

Compilation of Report and

7 7th
Presentation

8 8th Viva voice

9 9th Final submission of micro project

Sign of the Student Name & Sign of the Faculty

Mr. Sawant Yash Sambhaji Miss.S.B.Chandanshive

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Evaluation Sheet for the Micro Project

Academic year:2022-23 Name of the faculty: Miss.S.B.Chandanshive
Course: GAD Course code:22034 Semester: IV

Title of the project: - Insurance Management System

Co addressed by Micro Project: -

Major Learning outcomes achieved by Students by doing the project:

(a) Practical Outcome: -

This web based system design maintains the details of the Companies offering
various types of insurance policies, concerned agents and the detailed information
(b)Unit Outcomes in cognitive domain: -
Insurance is an important risk management tool and is frequently used to protect the.
Federal Home Loan Banks (FHLBanks), Fannie Mae, and Freddie Mac .
(c)Outcome in affective domain:
This domain includes the manner in which we deal with things emotionally, such
as feelings, values, appreciation, enthusiasms, motivations, and attitudes

Marks out of 6 for Marks out of 4 for

performance in performance in
Total out of 10
group activity (D5 oral/
Roll no. Student Name col.8) presentation(D5
col.9)

56 Sawant Yash Sambhaji

(Name and Signature of Faculty)

Miss.S.B.Chandanshive

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