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required to develop a car insurance premium calculator. This tool will be designed to enable customers of the insurance company to determine the cost of
required to develop a car insurance premium calculator. This tool will be designed to enable customers of the insurance company to determine the cost of their car insurance policy. The formula to calculate the insurance premium is given below: 1. Calculate the basic premium cost based on the sum insured (market price of the car) and the engine size (cc). The rate is different for First Party and Ihird Parry coverage. - For West Malaysia, the basic premium: The comprehensive rate for the first RM1,000 sum insured (from Table 1) + RM26 for each RM1,000 or part thereof on value exceeding the first RM1,000. - For East Malaysia, the basic premium for a new car of each category= The comprehensive rate for the first RM1,000 sum insured (from Table 1) + RM20.30 for each RM1,000 or part thereof on value exceeding the first RM1,000. 3. If the customer chooses to add additional windscreen cover, add RM120 to the total cost. Calculation example: Extra feature: - Dummy online payment. - Generate/print PDF of the insurance details. Determine all the input needed from the user and design a suitable form for them by choosing the appropriate form elements. Calculate and display the booking details and the price to the user. Create a full application (coding) using android studio. Table 1 - Private Car Schedule of Premiums The sum insured will be the market value of the car. 2. Disrount will be given to the basic premium cost based on the NCD of the customer. The value of NCD can be either 0%,25%,30%,38.33% or 45%
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