An insurance company intend to computerize their records. The insurance bought by customers can be of
two types. A life insurance policy and an educational policy in the name of the children. There are currently
200 customers of the company and company anticipates that the growth in the customers will be no more
than 10% in coming 10 years. Out of 200 customers around 150 customers have life insurance and the
remaining have education policy. For life insurance policy, the company stores customer’s name, address,
contact, age, a record of customer’s health conditions, type of policy, beneficiary and a yearly payment
schedule. For education policy, the information to be kept in the system is the name of the customer,
address, contact, age, name of the child, and type of the policy.
The company has briefed you that they frequently need to search the customers by their name and type of
the policy they have bought. For annual reporting purpose they also need to sort the customers record.
Choose appropriate data structures for two types of the customers mentioned above. Also specify what
type of different operations can be applied on the customers records? Use your general understanding of
the insurance company scenarios to specify all operations that a system for insurance company would
require. Also, specify what algorithms would be appropriate for each type of the operation?
Now assume that in coming years the company’s performance and marketing policy increased its number
of customers. The performance of the old system is no longer satisfactory. Within three years’ time period,
the company grew from 200 customers in total to 4000, out of which 3200 customers are Life insurance
policy customers and the remaining being education policy customers. What changes you will bring in the
design of the system to make sure the system works efficiently?