Design and Implementation of Web Based Application for Insurance Services
Design and Implementation of Web-Based Application for Insurance Services.
ABSTRACT
The insurance industry worldwide is facing the challenges of deregulation, consolidation and convergence of financial services.
There is today a pressing demand for cutting edge services of insurance business management and enriched customer experiences at a significantly lower cost.
This software provides five types of Insurance services, which include Life Insurance, medical Insurance, Motor Insurance, home Insurance and Travel Insurance.
Presently this project follows Internet mode i.e. the details can be viewed and updated by the officials of the company.
In the project, a User can view the details of various policies and schemes offered by the Insurance Company. New Users can register with the site so that he can get information online.
TABLE OF CONTENT
TITLE PAGE i
CERTIFICATION PAGE Ii
APPROVAL PAGE iii
DEDICATION iv
ACKNOWLEDGEMENT v
TABLE OF CONTENT vi
ABSTRACT 1
CHAPTER ONE
1.0 INTRODUCTION 1
1.1 BACKGROUND OF STUDY 2
1.2 STATEMENT OF THE PRONBLEM 4
1.3 OBJECTIVE OF THE STUDY 5
1.4 SIGNIFICANCE OF STUDY 5
1.5 SCOPE OF STUDY 7
1.6 LIMITATIONS OF THE STUDY 7
1.7 DIFFINITION OF TERMS 8
1.8 ORGANIZATION OF WORK 10
CHAPTER TWO LITERATURE REVIEW
2.1 Principles of insurance 12
2.2 Insurability 13
2.3 Legal 16
2.4 Research on the effects of insurance on the society 17
2.5 Claims 18
2.6 Marketing 20
CHAPTER THREE RESEARCH METHODOLOGY AND SYSTEM ANALYSIS
3.0 INTRODUCTION 22
3.1 ANALYSIS OF THE PRESENT SYSTEM 23
3.2 INPUT AND OUTPUT DOCUMENTS 24
3.3 ANALYSIS OF THE PROPOSED SYSTEM 25
3.4 DESCRIPTION OF THE NEW SYSTEM 26
3.4.1 DECISION ANALYSIS PHASE 27
3.4.2 DESIGN PHASE 28
3.4.3 CONSTRUCTION PHASE 28
3.4.4 ADVANTAGES OF THE NEW SYSTEM 28
DATA FLOW DIAGRAM 30
3.6 HIGH LEVEL MODEL OF PROPOSED SYSTEM 30
CHAPTER FOUR SYSTEM DESIGN AND IMPLEMENTATION
4.0 INTRODUCTION 32
4.1 OBJECTIVE OF THE NEW SYSTEM 32
4.2 MAIN MENU 33
4.3 DATABASE SPECIFICATION 34
4.4 INPUT/OUTPUT FORMAT 35
4.5 THE SYSTEM FLOWCHART 36
4.6 PROGRAM DOCUMENETATION AND IMPLEMENTATION 37
4.7 IMPLEMENTATION LAYOUT 39
4.8 MAINTENANCE AND MANAGEMENT 43
4.9 HARDWARE MAINTENANCE 43
4.10 DATA VALIDATION 43
4.11 LANGUAGE JUSTIFICATION 43
4.12 HARDWARE AND OPERATING SYSTEM REQUIREMENTS 44
4.13 SOFTWARE TESTING 45
CHAPTER FIVE SUMMARY, RECOMMENDATION AND CONCLUSION
5.0 SUMMARY 46
5.1 RECOMMENDATION 47
5.2 CONCLUSION 47
INTRODUCTION
Insurance is a contract for payment of a sum of money to the person assured on the happening of the event insured against.
Usually the contract provides for the payment of an amount on the date of maturity or at specified dates at periodic intervals or at unfortunate death, if it occurs earlier.
Among other things, the contract also provides for the payment of premium periodically to the Corporation by the assured. Insurance is universally acknowledged to be an institution which eliminates `risk’, substituting certainty for uncertainty and comes to the timely aid of the family in the unfortunate event of death of the breadwinner.
Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment.
REFERENCES
Berger, Allen N.; Cummins, J. David; Weiss, Mary A. (October 1997). “The Coexistence of Multiple Distribution Systems for Financial Services: The Case of Property-Liability Insurance.”. Journal of Business 70 (4): 515–46. doi:10.1086/209730. (online draft)
Brown RL. (1993). Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance. ACTEX Publications.
Dembe AE, Boden LI. (2000). Moral hazard: A question of morality?. New Solutions.
Feldstein, Sylvan G.; Fabozzi, Frank J. (2008). The Handbook of Municipal Bonds. Wiley. p. 614. ISBN 978-0-470-10875-8. http://books.google.com/?id=Juc4fb1Fx1cC&lpg=PA614&pg=PA614#v=onepage&f=false. Retrieved February 8, 2010.
