03-10-2012, 04:18 PM
Design and Development of Vehicle Insurance Status SMS System (VISSS)
Design and Development.pdf (Size: 127.67 KB / Downloads: 132)
INTRODUCTION
Insurance Regulatory & Development Authority of India (IRDA), is a body corporate constituted under Insurance Regulatory and Development Authority Act, 1999 (Act) having its Head Office at Hyderabad. In exercise of the powers vested with the IRDA to seek information and returns under section 14 (2) (h) of the IRDA Act and under sections 14, 21 and 110C of the Insurance Act direct insurers to submit information as per data formats specified by the Authority within the time limits fixed by the Authority. The main function of Authority is to regulate, promote and ensure orderly growth of the insurance business and re-insurance business.
Benefits
Uninsured vehicles will come under insurance net, which will increase the total premium receipts of insurers and reduce the claims ratio.
Proposed System
The web based data collection system will use available technology to expedite collection of data from the insurance companies.
Application:
Application has to be developed for online collection and verification of data from insurers and receive and reply SMS queries. The application will enable to collect and store the data received from insurers as well as the details of queries received.
Verification/ File upload Process
The user office code current date, last date of data upload etc will be displayed in the webpage. The user will choose the file from their system and click the upload button, to send the file to the web server. The verification tool will check for format compliance and check for any logical errors. If the file is accepted, a confirmation message that the file has been accepted for upload will be displayed. Otherwise error message specifying the nature of error will be displayed.
Database updating Process
The accepted files will be appended with the main database through a server side programme. Auto entry will be made in the log file.