Financial Suit Axis
Objective
The
Financial Suit Axis is an automated insurance facility for all walks of life.
The root of the system starts from registration of the customer. This follows
with a series of procedures like inspection and other verifications which
ultimately end up with either registration or rejection. This system is
enhancing the facilities provided to the customers by converting it into an
automated and online system
Existing System
Existing system is a semi automated
system. Here the policy holder needs to apply for any claims he can able to
approach the policy office manually. Here the policy holder applies for his
insurance claims through paper and submit necessary documents in Xerox copies. The
insurer can receive the claim application from the policy holder and stores the
information in local system database like ms word, excel etc. To investigate a
claim, the surveyor needs to collect the claim request through manually, and
submit the claim process details also manually. It is a time delay process to
solve more number of claim requests.
Proposed System
The proposed system is fully automated
system here the system need to maintain the centralized database to store the
information. Existing system maintain the data in local database only. To share
the data from this local database is tedious job. The RDBMS database like SQL
Server can able to share the data to all users simultaneously. Policy holder
can able to apply a claim request through this online system. The request
directly received insurer, and send this request to surveyor directly. Here no
need to sending Xerox copies as documents. The policy holder information is
stored in centralized database which can be shared by all the users of this
system. The time will be reduced while using the centralized database for data
sharing.
Modules
The
modules involved are Administrator, Insurer,
Surveyor, Customer (Policy Holder), Reports, Search, Authentication
Module
Description
Administrator
1)
Can Add Insurance details into the system (like Accident, Fire, General, etc.,
Fire Insurance in this case).
2)
Can Add/Update the Insurer (insurance company) details into the system.
3)
Can generate Reports based on Insurance type, Insurer, Surveyor, duration like
Monthly & Yearly, etc.
Insurer
1)
Will receive the request claim from the Policy Holder for a particular Policy.
2)
Will verify the uploaded documents and reviews the documents against the items
damaged which are Covered and NOT Covered under the policy.
3)
Assign the task to the Surveyor by sending the request details along with
attached documents.
4)
Should get the Comments of the Surveyor about the survey.
5)
He/she can Accept/Reject/Modify the Insurance claim Amount along with necessary
remarks.
6)
Can update the status of the Insurance claim into the system.
Surveyor
1)
Should able to Login to the system.
2)
Should Receive the Claim Request details of the Policy Holder along with
necessary documents attached.
3)
Should able to send back the Comments about the Survey to the Insurer along
with Survey Reports.
Policy
Holder
1)
Customer can register with the Site and login to the site.
2)
Can update the details of Insurances has taken against the Assets (like House,
Computer, Car, Vehicle, Goods, etc.)
3)
Should make the Request for Insurance Claim along with necessary details.
4)
Should upload the Police Complaint report as attachment for the Request.
5)
Should able to check the Status of Request through online system.
Reports
Various types of reports are generated
by the system.
1.
Claims
reports which are processed or not processed
2.
Accept/Reject
Claims Reports
3.
Claims
transactions like monthly, yearly etc.
Search
Search is a module which can be used
by all the user of this requirement. Admin can able to search Insurer details,
insurance type, surveyor details etc. Insurer can able to search the insurance
information and documents of a policy holder while checking the claim request. Policy
holder can able to search the status of request through the system interface
for his claims.
Authentication
Authentication
is nothing but providing security to the system. Here every user must enter
into the system throw login page. The
login page will restrict the UN authorized users. A user must provide his credential like user
Id and password for log into the system. For that the system maintains data for
all users. Whenever a user enters his
user id and password, it checks in the database for user existence. If the user is exists he can be treated as a
valid user. Otherwise the request will throw back.
Software
Specifications
Operating System : Widows XP Professional or later
Data Base : Microsoft SQL Server -2005
/2008
Web Technologies : HTML, CSS, Asp. Net with C#.Net
IDE & Tools :
Microsoft Visual Studio-2008
Hardware
Specifications:
Processor : Pentium IV
RAM : 1 GB
Hard Disk :
40GB
