Abstract : An insurance company mainly deals with providing insurance to its customers like life time insurance, endowment insurances etc.
The sales force of an insurance company comprises of a branch manager, sales manager, unit managers who are employees of the company and a team of advisors or agents who work on a commission basis.
Agents working under unit managers play a key role in generating the business.
Agents distribute policies to the clients and for every policy that is accepted, agent will be paid a certain sum as commission by the company.
In the Insurance Agents Commission Tracking Project, the project actually keeps track of the commission paid to the agents.
The details of the commission are stored in a database which is updated regularly. Project include two modules Insurance Company Module(ICM) and Insurance Agent Module(IAM)
.In the ICM, the employee of the insurance company manages details of the agents which includes recruitment, training and business generation.
ICM could be used by authorized personnel of the company to accept or reject policies logged in by agents.
In the IAM, the agent logs in the details of the policies sold by him. He is also able to track the status of policies issued. Agent could get the details of the commissions payable to him by the company.
Please find the following attachments"Insurance agent's commision tracking system seminar report/pdf/ppt download" here.......
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