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A Public Survey of Products of Life Insurance Corporation of India is
divided into five chapters.
II Respondents profile
III Research methodology
IV Data analysis and interpretation
V Conclusion and suggestions
First chapter deals with introduction about A Public Survey of
Products of Life Insurance of India.
Second chapter deals with respondent's profile.
Third chapter is deals with the research methodology.
Fourth chapter deals with data analysis and interpretation.
Fifth chapter deals with conclusion.
Conclusion is divided into two parts i.e.
On the basis of data analysis and interpretation findings
are as follows:
Most of the respondents are in the age group of 31-40.
Majority of the respondents are male.
23percent of the respondents are married and 27percent of the
respondents are unmarried.
Majority of respondents are graduate.
Maximum Number of respondents are permanent in their job.
Maximum number of respondents belongs to public sector
48percent of the respondents are insured their life from ICICI
and 52percent insured their life from LICI.
64percent respondents influenced by insurance agent.
84percent respondent have 3 policies in their life time.
Most of respondents insured then self for saving covering risk
to life, for tax benefit, per security of family purpose.
40percent respondents have money back policy.
Maximum number of respondents have 6 to 10years of policy.
Majority of the respondents have not received survival benefit
so for against money back policy.
44percent respondent pay premium half yearly.
10percent of the respondents policy lapsed due to non payment
of insurance premium.
74percent of the respondents not received any kind of
80percent of the respondents are aware about accidental claim.
Most of the respondents aware about insurance bonus.
6percent of the respondent surrendered their insurance
Maximum number of the respondents agrees that insurance
staff is cooperative.
Most of the respondents not avail the loan against insurance
all the respondents agrees that life insurance corporation
follows the rules of IRDA.
life insurance corporation must advertise their life insurance
Life Insurance Corporation of India must aware the public about
loan availability against life insurance policies.
Life Insurance Corporation of India must give information to
rural area people about different life insurance scheme.
Corporation must give information about no conventional
policies i.e. Jivan Surbhi, etc.