Sr.

Contents Page No.

No.

Annexure I– Micro Project Proposal

1.Aims/Benefits of the Micro-Project 1

2. Course Outcome Addressed 1

1 3.Proposed Methodology 1

4. Action Plan 2

5. Resources Required 2

6. Name of student with roll no 2

Annexure II – Micro Project Report 3-8

1.Rationale 3

2.Aims/Benefits of the Micro-Project 3

3.Course Outcome Achieve 3

2

4. Literature Review 4

5.Actual Methodology Followed 5

6.Actual Resources Used 9

7. Applications of this Micro-Project 13

Index
 Annexure I

Micro Project Proposal

Life insurance Management system

1. Aims/Benefits of the Micro-Project:

Life insurance enables individuals to protect themselves and their families, in case of
any unfortunate happening in the life of the insurer. The insurer pays an amount equivalent to
the sum assured as specified in the contract along with applicable bonuses. This is known as
the death benefit.

2. Course Outcome Addressed:

a) Evaluate the growth and Development of Insurance Business.
b) Understand the working and functioning of the Insurance Sector.
c)Study the inter-relationship between Insurance & Risk Management.
d)Analyze the Role of Insurance Business Intermediaries.
e) Obtain an overview of Regulatory Framework of Insurance Sector.

3. Proposed Methodology:
Insurance is a contract in which an insurer indemnifies another against losses from
specific contingencies or perils. It helps to protect the insured person or their family
against financial loss. There are many types of insurance policies. Life, health,
homeowners, and auto are the most common forms of insurance.
4. Action Plan:

Sr. Planned Planned Name of Responsible

Details of Activity
No. Start date Finish date Team Members
1 Search the topic 20-09-2021 22-09-2021
4:30pm-5:30pm 4:30pm-5:30pm
2 Search the information 27-09-2021 29-09-2021
4:30pm-5:30pm 4:30pm-5:30pm
3 Find the meaning of Ro 4-10-2021 8-10-2021 Shewalkar Rohini
plant 4:30pm-5:30pm 4:30pm-5:30pm Suryakant
4 Find the different types of 11-10-2021 14-10-2021
Ro plant 4:30pm-5:30pm 4:30pm-5:30pm
5 Disadvantages and 25-10-2021 29-10-2021
precaution of Ro plant 4:30pm-5:30pm 4:30pm-5:30pm
6 Collecting the different 8-11-2021 18-11-2021
images of Ro plant 4:30pm-5:30pm 4:30pm-5:30pm
7 Making Index and 22-11-2021 03-12-2021
Certificate of project 4:30pm-5:30pm 4:30pm-5:30pm
8 Finalizing Project with its 6-12-2021 10-12-2021
report 4:30pm-5:30pm 4:30pm-5:30pm

5. Resources Required:
Sr.
Name of resource / material Specification Quantity Remarks
No.

1 Computer WINDOWS 7,2GB RAM, 1

160GB HDD

2 Operating System WINDOWS 7 1

3 Browser Chrome 1
6. Names of Team Member with Roll No.:
Sr.
Enrollment No. Name of Team Member Roll No.
No.

1 2010950111 Shewalkar Rohini Suryakant 31

Ms. Pandit V.M

Name and Signature of the Teacher
 Annexure – II

Micro-Project Report

Life Insurance Management System

1.Rationale:
Life Insurance is the fastest developing industry in the world. The availability of high-
end technology has helped insurance companies to grow business and deliver
excellence to customers.

We have developed our Insurance Enterprise Resource Planning Solution around

the customer delivery points because we believe everything we do in the business
is for following reasons:

* To Serve Customers Better * To Manage Risk

* To Increase Revenue * To Prevent Fraud
* To Optimise Cost * To Enhance Efficiency

2.Aims/Benefits of the Micro-Project:

Life insurance enables individuals to protect themselves and their families, in case of
any unfortunate happening in the life of the insurer. The insurer pays an amount equivalent to
the sum assured as specified in the contract along with applicable bonuses. This is known as
the death benefit.

3. Course Outcomes Achieved:

a) Evaluate the growth and Development of Insurance Business.
b) Understand the working and functioning of the Insurance Sector.
c)Study the inter-relationship between Insurance & Risk Management.
d)Analyze the Role of Insurance Business Intermediaries.
e) Obtain an overview of Regulatory Framework of Insurance Sector.
4.Literature Review:

Life insurance (or life assurance, especially in the Commonwealth of Nations) is

a contract between an insurance policy holder and an insurer or assurer, where the insurer
promises to pay a designated beneficiary a sum of money upon the death of an insured person
(often the policyholder). Depending on the contract, other events such as terminal
illness or critical illness can also trigger payment. The policyholder typically pays a premium,
either regularly or as one lump sum. The benefits may include other expenses, such as funeral
expenses.
Life policies are legal contracts and the terms of each contract describe the limitations of
the insured events. Often, specific exclusions written into the contract limit the liability of the
insurer; common examples include claims relating to suicide, fraud, war, riot, and civil
commotion.

5. Actual Methodology Followed:

6. Actual Resources Used:

Sr. Name of resource /

Specification Quantity Remarks
No. material
1 Computer WINDOWS 7,2GB 1
RAM, 160GB HDD

2 Operating System WINDOWS 7 1

3. Browser Chrome 1
7. Skill developed / Learning out of this Micro-Project:
There are so many thing that we learn from this project of
1. We learn from this project is, The Life Insurance management system is very important.
2.
3. This all thing we learn from this project.

8. Applications of this Micro-Project:

1. Manage Clients
2. Manage Agents
3. Manage Policy
4.Manage Payments
5.Manage Nominees