Design & Development of Insurance Money Predictor to Claim with Insurance Company

In this pandemic situation of Covid-19, the whole world had suffered a lot. Whatever issues occurred is very uncertain and unexpected. In the life cycle of a human being, it is always desirable to be safe and have a secure lifestyle in every aspect. To face sudden, unexpected situation insurance is one of the solutions. Nowadays due to increasing awareness among the society people are more inclined towards taking medical insurance from various companies. As we know there are several companies in ensuring the various diseases, climatic hazards, man-made and natural emergencies. Insurance money is going to support the human in morally and financially. The insurance companies are having their own rules and regulations for giving money/claims to a client. Some hidden calculations are always out of reach to the common man. Day by day accurate insurance calculation and claim for money become a challenging task for society. In this paper, a system has been developed using a machine learning algorithm for accurate claim calculation. Implemented system will help the client to claim monthly or quarterly premiums based on various parameters like the number of family members you want to insure, the total income of the family, the expected amount of insurance, age group of family members, etc. To make the process more user-friendly and fast, we have developed a website. The claim will be confirmed after the proper identification and verification of the client.