Insurance Policy Management System in PHP & MySQL
Objective of System
Online Policy Management System is a web based application that is developed using PHP and MySQL. The objective of Policy Management System is to develop a web based application using which customer can buy insurance policies online. Using this web application customer can explore the information of various policies such as term duration, sum assured, maturity ammount, death benifit etc.. Using this web application customer can search agents and send requests regarding policy to them. Customer can also manage their portfolio using this web application.
|Project Title:||Online Policy Management System|
The objective of Policy Management System is to develop a web based application using which customer can buy insurance policies online. Using this web application customer can explore the information of various policies such as term duration, sum assured, maturity ammount, death benifit etc.. Using this web application customer can search agents and send requests regarding policy to them. Customer can also manage their portfolio using this web application.
|Front End Tools:||PHP|
|Back End Tools:||MySQL|
|Other Tools:||Adobe Dreamweaver, WAMP Server|
|Application Type:||Web Based Application|
Existing system is totally manual. In current system any customer who wans to buy any life insurance policy has to contact Insurance Agent or visit the company directly. It will takes lots of extra time of customer.
If customer wants to compare two policies than he has to one by one compare the details of policy manually and then decide which policy to buy.
Customer has to maintain record of each and every policy owned by him manually or enter the details in excel sheet. It is very tedious task for the customer to remember on which month he has to pay policy premium and on which date his policy ends.
Life Insurance Company also has to give advertisement about new policy plans either in News Paper or in TV channels. So it is very costly for the Life Insurance Company.
Customer has to pay policy premium by visiting branch office or contacting insurance agent.
Following are disadvantages of Exiating System
After study of existing system we found following problems and weaknesses in the system. Following are the some of the problems and weaknesses of current system:
(1) Current system is manual.
(2) It is time consuming because it takes lots of time in searching accurate detail about various life insurance policy plans.
(3) It is very difficult to locate the agents in order to buy policy.
(4) Customer has to maintain the records of policy hold by them manually. It is very difficult for the customer to remember when he has to pay policy premium and what is the date of his policy maturity.
(5) Online Policy Premium Payment is not possible.
(6) It is costly in terms of advertisement and marketing for Life insurance Company.
Need For New System
In order to solve the disadvantages of existing system a new system is proposed to be developed. It is going to be developed in PHP and MySQL. Following are the advantages of New System:
(1) View Insurance Plans online
(2) Comparision of Insurance Plan
(3) Search Agents area wise
(4) Send Policy Booking requests online.
(5) Manage Policy Portfolio.
(6) Frequently Asked Questions
(7) Query Solving Mechanisms
Thus, we can say that New System is fully dynamic and , time saving and requires less man power as compared to existing System
Hardware and Software Requirements
Minimum Hardware Requirements
(1) Processor: Intel Core I3 or above
(2) RAM: 512 MB
(3) Hard Disc: 20 GB
(1) Front End Tool: PHP
(2) Back End Tool: MySQL
(3) Development Tools: Adobe Dreamweaver, WAMP Server
(4) Browser: Any browser
(5) Documentation Tool: Microsoft Office 2003
(6) Design Tools: MS Visio
Modules With Functionality
There are two modules of the Policy Management System
(A) Manage Registered users
(B) Manage Insurance Category
(C) Manage Insurance Plan
(D) Manage Agent
(E) Manage Nearest Hospital
(F) Manage FAQ’s
(G) View Policy Booking Request
(H) View Feedback
(A) Manage Personal Profile
(B) View Insurance Categories and Plan
(C) Search Insurance Plan
(D) Compare Insurance Plan
(E) Manage Policy Portfolio
(F) View or Search Agents
(G) Send Policy Booking request
(H) Pay Premium Online