INSURANCE MANAGEMENT SYSTEM

ABSTRACT:

The project entitled “Insurance Management system” deals with the working
concept of Life Insurance Corporation. This project is to develop for insurance
company to atomize work procedure, using this system to agents and policy holders
can know details about present policies, schemes, policy specifications, terms and
conditions on policy, policy registration by the customers.

Agent commission is based upon customer policy registration and target agent
achieves for every month or year. This system maintains information of branch
managers who can deal with agents and customers. There is no need of human
interference in calculating any details. Total work is done using management system
which will save time and less paper work and even human resource. The proposed
system provides easy solution for the above and some other problems by providing a
common and centralized database structure for all members. The developed website
provides the following facilities to the admin users.

Insurance services in the middle ages policy agents and policy holders have
used the paper to take money from the insurance transaction but know the technology
is fully developed everything is being converted to computerized. Now a day’s
everyone is using the internet in this fast race the business and money making people
are also using. No country, no company and no individual want to fall back in this fast
generation everyone wants to the lead the group.

EXISTING SYSTEM:

The existing system is the manual system. The manual system is prone to error.
It is time consuming it is very difficult to produce the report for any person and there
is chance for changing the scheme report by doing malpractice. Usage of paper in the
payment process leads to less efficiency, less accuracy and less productivity.

Disadvantages:

Take more processing time.

There is lack of security and accuracy for the data.
Poor maintenance.
Consumes large volume of paper works.
Large amount of manual processing is needed.
Possibility of errors during manual processing and calculations.
Every member organization has its own data structure
Due to lack of centralized data structure, it is very difficult to merge the data to
analyze the statistics
Difficult to search the data.
Possibility of duplicates, etc.

PROPOSED SYSTEM:

This web site is a micro insurance Analysis and information management

system that provides easy access of information regarding the people and resources of
insurance. This site has dynamic facilities like search tools for insurance awareness
articles, guidelines, illustrations through images for visitors. This site also provides
several dynamic features.
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. 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.
 The computerized system is used to reach more customers and provide better
service.

Advantages:
1. Vast amount of information can easily store, manipulated and retrieved.
2. Easy to access the information and the method that information needed to
answer a specific biological questions.
3. Error corrections can be made easily.

SYSTEM FLOW DIAGRAM:

Login

Field Officers Proposal & Claim Daily Note Staff Reports

Franchisee
Franchisee Details Proposal Form Bill Payable List
Details
Branches
Vehicle Proposal
Agent Details

Income
Agent
Development Claim Details
Officers Details Settlement
Office Note Hospital

Branch A/C Staff

Details

Schedule
Asset Entry
Details
Performance

Policy Print
LANGAUAGE:
Frontend : Visual Basic 6.0

Backend : MSAccess