Akebono is associated with one of the world's largest Insurance -Policy Administration System(PAS) service provider which is based in USA. PAS is an innovative and flexible software solution, which enables rapid new product development and helps clients from the limitations imposed by yesterday's technology.(J2EE System) and Microsoft (.NET System). Both systems process all annuity, health, and life insurance products due to the power and flexibility of its Rules Engine. Acme is the name of the fictitious insurance company for which the company is building a suite of “product chassis” as reference implementations. Life chassis deals with 3 insurance products viz., Term Insurance, Universal Life insurance and Indexed Life Insurance,Whole Life chassis, Health Plans and different kinds of annuities.