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Royal Insurance Corporation of Bhutan

RICB is a state-owned professionally managed corporation engaged in life insurance, general insurance, retail and business credit and investment services
 
Application: Web-enabled solution for Credit and Investment Management:  
Functions:
  • Grant of credit line – processing of loan applications including validation against norms, planning of phased disbursement, computation of interest and calculation of EMI (equated monthly installments) 
  • Loan documentation – loan agreement, deed of hypothecation and guarantees
  • Loan disbursement – release of loan amount to the borrower according to the phased disbursement plan
  • Loan recovery (EMI) – logging of payments made by the borrowers, accounting of installments received, tracking of defaults
  • Term deposits – keeping track of investments made by investors in the corporation’s term deposits scheme, issue of term deposit receipts, calculation and payment of interest at predetermined intervals, servicing requests for premature withdrawal and final payment upon maturity
Our role: Design of programming logic based on client’s design specifications
Coding, unit testing and debugging of programs
Converting and porting data from various sources
System testing in production environment
Monitoring and optimizing system performance for one month
User training and support
   
Technology:  Web intranet, Oracle 9iAS, PSP, JavaScript
 
 
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