ABSTRACT

Project Title: Motor Vehicle Insurance

The A One Finance provides various value added services in the financial and insurance sector,
including credit cards, general insurance, home loans and personal loans. It is a market leader in
the Motor Vehicle Insurance sector.
The A One Finance aspires to completely automate the process of offering information on
various motor vehicle insurance plans, maintaining customer profiles, capturing and maintaining
details of insurance policies, calculating premium, and reimbursing claims.

Existing System
Vehicle insurance is a significant portion of total vehicle costs. A typical motorist spends nearly
as much on insurance as on fuel. Insurance is generally considered a fixed cost with respect to
vehicle use. A motorist who reduces mileage does not usually receive comparable insurance cost
savings. Vehicle-based insurance converts insurance to a variable cost with respect to vehicle
travel, so premiums are directly affected by annual mileage. The more you drive the more you
pay, and the less you drive the more you save. Vehicle-based pricing makes vehicle insurance
more actuarially accurate (premiums better reflect the claim costs of each vehicle), and can help
reduce total insurance costs, vehicle crashes, traffic congestion, facility costs, energy
consumption and environmental impacts. This report investigates the feasibility, benefits and
costs of implementing Vehicle-based motor vehicle insurance. It compares several Vehicle-based
insurance pricing options, and evaluates related concerns and criticisms. The analysis indicates
that Vehicle-based pricing is technically and economically feasible, and can provide significant
benefits to motorists and society.

Problem Definition:
Motor Vehicle Insurance system project is implemented in Dot Net platform using oracle as
backend application. Main aim of this project is to develop an online application for insurance
company to atomize work procedure, using these system agents and policy holders can know details

about present policies, schemes, policy specifications, terms and conditions on policy, policy
registration by the customers. Agents commission is based upon customer policy registration and
target agent achieves for every month or year. This system maintains information of branch
managers who can deal with agents and customers.
In existing system manual procedure is followed where records are used to maintain data which is a
time taking process and require more man power and calculating commissions dues..Etc are done
manually.
In present system there is no need of human interference in calculating any details. Total work is
done using management system which will save time and less paper work and even human
resource.

Proposed System
Vehicle insurance is generally considered a fixed cost with respect to vehicle use. Motorists do not
usually perceive insurance cost savings when they reduce mileage. Vehicle-based (also called PayAs-You-Drive and Per-Mile) insurance pricing converts insurance to a variable cost, so premiums
are directly related to annual mileage. Vehicle-based pricing makes vehicle insurance more
actuarially accurate (premiums better reflect the claim costs of each vehicle) and gives motorists a
new opportunity to save money when they reduce their mileage. It can help achieve several public
policy objectives including equity, road safety, consumer savings and choice, congestion reduction,
facility cost savings, energy savings and environmental protection. This paper compares several
Vehicle-based insurance pricing options, and evaluates concerns and criticisms. The analysis
indicates that Vehicle-based pricing is technically and economically feasible, and can provide
significant benefits to motorists and society.

OBJECTIVES
At the end of this lesson, you will be able to:
Know the meaning of Motor insurance
Buy the Motor insurance

Settle the claim under Motor insurance/Third Party

Know what is not covered under Motor insurance
For purpose of insurance, motor vehicles are classified into three broad categories:
(a) Private cars
(b) Motor cycles and motor scooters
(c) Commercial vehicles, further classified into
(I) Goods carrying vehicles
(II) Passenger carrying vehicles e.g.
- Motorized rickshaws
- Taxis
- Buses
(III) Miscellaneous Vehicles, e.g.
- Hearses (funeral van)
- Ambulances
- Cinema Film Recording & Publicity vans
- Mobile dispensaries etc.

Feasibility Study
The existing system is clearly understood the next step is to conduct the feasibility study, which
is a high level capsule version of the entire System Analysis and Design process. The objective is
to determine whether the proposed system is feasible. The three tests of feasibility have been
carried out:

1. Technical Feasibility
2.

Economical Feasibility

3. Operational Feasibility

Technical Feasibility
In technical feasibility study, one has to test whether the proposed system can be developed using
existing technology or not. It is planned to implement the proposed system using Windows 2000
Professional, JSP and Apache Tomcat Wed Server. The Organization already possesses Windows
2000 Professional Operating System. It is evident that the necessary hardware and software are
available for the development and implementation of the proposed system. Hence the solution is
technically feasible.

Economical Feasibility
As part of this, the costs and benefits associated with the proposed system are to be compared
and the project is economically feasible only if benefits outweigh costs. The Organization has
already its own satellite link, and a host of SUN FIRE 6800 servers. So it need not invest newly
for the internet connection and also the organization initiated to use Open Source in project
development, hence there is 0 additional cost incurred for the tools that will be used.

Operational Feasibility:
This test of feasibility checks if the system works with least difficulties when it is developed and
installed. The technical staff has sufficient knowledge of the tools being used and the users need
just to know how to access and run the programs in the Apache Web Sever. Hence it is concluded
that the system is operationally feasible.

Planning of work:
In this project there are different forms which are used for updating records, log in to system,
modifying and deleting existing records from database.

Login Form: Admin uses this form for log in to system by entering security details like
username and password. He is the primary user.
Motor Insurance Records: When user applies for vehicle insurance details of motor,
amount paid, total years of insurance are entered in to database.
Existing Records: As details are stored in database admin can modify, delete existing
records based on requirements.
Motor Search: Admin can search for old records based on registration name, vehicle
number or insurance number.
Motor Report: This is report generation module where insurance details are provided
in file and provide print out for user.
Setting Module: Admin will have permission to chance setting like username,
password.

Technologies and Tools

1 Web Technology: Asp.net (Microsoft visual studio 2005 framework 2.0)
2 Databases: SQL Server-2005
3 Development Tool: MS Visual Studio 2005
4 Web Servers: IIS
5 Web browsers: Internet Explorer service pack
6 Languages Used: C#.net, JavaScript
7 Others: Themes, CSS
6. Hardware
CPU configuration
- AMD processors 4000+ series

- RAM 1 GB DDR2
Monitor
-17 color
Operating System
-Windows XP with service pack 2

References
The act of June 5, 1968 (P.L.140, No.78), referred toas the Automobile Insurance Policy Act,
referred to in the defs. Of "Automobile Insurance Policy Act" and "clean risk," was repealed by
the act of June 17, 1998, P.L.464, No.68. The subject matter is now contained in Article XX of
the act of May 17, 1921 (P.L.682, No.284), known as The Insurance Company Law of 1921.