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- W3106687942 abstract "In India life insurance sector opened for private as well for foreign players after new industrial policy 1991. But effectively new players could be operative only after the Insurance Regulatory and Development Authority (IRDA) incorporated as a statutory body in April, 2000. Currently in life insurance sector about 23 life insurer are working, but even after more than one and half decade of establishment of IRDA and sector opened for private players as well foreign players, still more than 73% market share is hold by Life Insurance Corporation of India (LIC). Hence, question arises that why other players could not significantly penetrate in Indian life insurance sector? For this it becomes important to know about awareness level and preferences of investors about life insurers in India. This paper is an attempt to study current scenario of Life Insurance Sector in India and awareness about life insurance among retail investors and their preference for these life insurers. In this study primary data is collected from the Surat city of Gujarat state. Secondary data are collected from the various reports issued by IRDA and various research papers published. In study it has been found that LIC is most preferred Life Insurance Company. Investors focus more on certain aspects related to insurance companies are timely payment of maturity amount, minimum hassle at the time of settlement, transparency in terms and conditions in insurance contact and good financial position company." @default.
- W3106687942 created "2020-12-07" @default.
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- W3106687942 date "2017-01-01" @default.
- W3106687942 modified "2023-09-27" @default.
- W3106687942 title "A Study of Recent Trend and Awareness & Preferences in Life Insurance Sector in India" @default.
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- W3106687942 hasPublicationYear "2017" @default.
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