07-11-2012, 04:05 PM
LIFE INSURANCE MANAGEMENT SYSTEM
ABSTRACT
Life Asset Management System automates the management of Insurance activities of United India Insurance Limited, which involves Defining policies, Schemes, Policy specifications, Policy terms and conditions, policies registrations by the customers, Facilitates the Premium Flexi-Pay Modes, Payment of policy Bonus in flexible periods. The Agents are involved in the process of the Customer Policy registrations and the Commissions payable to respective Agents are based on the targets achieved by the Agents.
The entire system is divided into 4 modules
1. Chairman
2. Manager
3. Agent
4. Customer
1. Chairman
The Chairman is the Super user of the System. The Chairman is responsible for the defining the Policies, Policies Terms and conditions, Policies Amounts, Face Amounts, Establishing the different branches, Registration of the Branch Managers
2. Manager
The Managers of the different branch recruit the Agents and also handles registration of customers. He is also responsible for registration of policies; calculate the premium amounts, interests, dues, bonus and also agent Commission. Bonus is calculated based on the payment of premiums. The Manager is also responsible for calculating the Agent’s Commission based on Agent target & performance.
3. Agents
The main role of Agents is to registration of the Customers. Agents just like a mediator between Insurance system and Customers. Based on their performance they will get commission. This system provides a facility to Agents like to visible their Commission and also their customer details.
4. Customer
The Customers are a main source of this system. Based on his interests and benefit, he takes a policy. A Customer can also take more than one policy based on his requirement. There are many facilities provided to the Customers, like their information available online, like premium dates, bonus dates, personal details, policy details.