A simple insurance premium calculator prototype to demonstrate key features.
The basic insurance premium is calculated based on the number of gadgets and the value of the most expensive item as listed in the Monthly Premiums table below.
Basic Monthly Premiums:-
Number of Items |
Maximum Value of Most Expensive Gadget |
|---|---|
| £500|£800|£1,000 | |
| 1 | 5.99 |7.15|8.30 |
| 2 - 3 | 10.99|13.35|15.55 |
| 4 - 5 | 15.99|19.60|22.82 |
Example Data:-
Number of Items |
Most Expensive Item |
Monthly Premium |
|---|---|---|
| 2 | £600 | £13.35 |
| 4 | £200 | £15.99 |
| 6 | £800 | Reject |
| 4 | £1,200 | Reject |
The company charges an excess (the amount the client will have to pay) of £30 for each claim.
Clients can choose to increase this up to £70.00 (in multiples of 10) to reduce the premium – for each £10 increase the premium is reduced by 5%.
The default payment term is monthly. However, customers can choose to pay annually to receive an additional 10% discount.
As well as entering the inputs identified above, the user will also provide the following: -Policy reference number (eg: JB123A – two letters, three digits and a letter). -Client name (eg: J Smith – maximum of 20 characters)
- This option asks you necessary questions to create a new policy :
- And then it displays you a ticket with your intrest calculated :
- User is asked to select the current (policy.txt) or archive (archive.txt) policies and a summary of the following is displayed: * Total number of policies (accepted and rejected). * Average number of items for the accepted policies. * Average monthly premium for the accepted policies. * Total number of policies per month. *
- The user is asked to select the current or archive policies and to enter a month. A summary of policies (as specified in option 2 should then be displayed for the specified month).
- The user is asked to select the current or archive policies and enter the search text. The selected file should be searched for any matches (full or partial) against the reference or client name.
