CONCLUSION

CONCLUSION

A Public Survey of Products of Life Insurance Corporation of India is divided into five chapters.

IIntroduction

IIRespondents profile

IIIResearch methodology

IVData analysis and interpretation

VConclusion 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.

Finding

Suggestions

On the basis of data analysis and interpretation findings are as follows:

FINDINGS 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 insurance agent.

80percent of the respondents are aware about accidental claim.

Most of the respondents aware about insurance bonus.

6percent of the respondent surrendered their insurance policies.

Maximum number of the respondents agrees that insurance staff is cooperative.

Most of the respondents not avail the loan against insurance policy.

all the respondents agrees that life insurance corporation follows the rules of IRDA.

SUGGESTIONS

life insurance corporation must advertise their life insurance products.

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.