Life Insurances Research Papers - Academia.edu (original) (raw)

Background: With the liberalization and internationalization in Life insurance, Consumer satisfaction has become an important means of differentiation and path to achieve business success. Such differentiation based on Consumer... more

Background: With the liberalization and internationalization in Life insurance, Consumer satisfaction has become an important means of differentiation and path to achieve business success. Such differentiation based on Consumer satisfaction can be a key source of competitiveness for insurance companies and hence have implication for leadership in such organizations. Various studies have been done earlier in the various industries in service sector but this time we are going to emphasize this fact in the life insurance industry. Aims: Consumer Psychographics has become a feature of great importance as it has an impact on consumer satisfaction. It is according to a Lehmann consideration but it should be statistically proved which we are going to provide evidence in this research paper. This research Paper also aims at proving list of the impact factors and their preferences in which they are having importance for the life insurance managers in the industry. Methodology: The Research paper focused on finding out the relationship between consumer psychographics and consumer satisfaction in Life Insurance Industry. The K-S Test, Multiple Regression Analysis method were used to analyze the data and interpretation was given on that basis. Results/Findings: Multiple regression model met the assumptions required to ensure validity of its significance test. This indicates that there was a statistically significant relationship between psychographic factors and customer satisfaction. Conclusion: Most consumers form expectations of the product, life insurance provider, service, and quality of the product that they patronize before engaging in life insurance product shopping activities. These expectations influence their attitudes and intentions to purchase a life insurance product through a certain agent of Life Insurance Company and consequently their decision-making processes, purchasing behavior and loyalty as well.

Life insurance is one of the most important financial instruments known to man as it comes with plenty of pros and cons with a policy holder.

Recently continuous increasing in the contribution of Service Sector in GDP of Indian Economy, Life Insurance Sector is one of most important sector playing its role in the growth of Indian Economy. As Globalisation and Liberalisation has... more

Recently continuous increasing in the contribution of Service Sector in GDP of Indian Economy, Life Insurance Sector is one of most important sector playing its role in the growth of Indian Economy. As Globalisation and Liberalisation has open the doors for foreign companies to enter in to this sector in India, of course through joint venture only, they have identified the potential of the Indian market. Thus numbers of new private companies have started their business in Life Insurance Sector and still numbers of companies are preparing to enter into this sector. IRDA is playing its crucial role in managing all this efficiently in interest of general public. In this scenario, Life Insurance sector has also faced downward growth rate as global melt down during year 2008-09. But now near about all problems have been settled in India and India's insurance sector is zooming to show an unprecedented progressive growth of more than 200% by the period of 2009-10. As Indian Stock market has also achieved stable growth in last more than six months, investment avenues based on it are also performing well afterwards. ULIPs have also shown its increased market-share, in the total insurance business. ULIPs are also well managed by IRDA well, even in terms of ceiling of total charges charged by Insurance companies. IRDA has established detailed guidelines with explanation of the terms used in it. Finally we can say about ULIPs that its performance can be identified by its NAV and its growth, which could be the important variable for the investors for their investment decision.

This paper is intending to discuss the development of insurable interest in England

The implementation of INA-CBGs system on hospital fi nancing of catastropic diseases (heart, cancer, stroke) to Jamkesmas members at inpatient hospital, giving consequences catastropic diseases represent threat to more expense of... more

The implementation of INA-CBGs system on hospital fi nancing of catastropic diseases (heart, cancer, stroke) to Jamkesmas members at inpatient hospital, giving consequences catastropic diseases represent threat to more expense of Jamkesmas fi nancing period of coming, while other side hospital feel that INA-CBGs claim that lower of hospital tariff. The purpose of this research is to conduct expense of medication of catastropic disease anf comparison of INA CBGs claim with real expense based on hospital tariff. Methods: Research type is observational with research cross sectional layout is according to hospital perspective. Data taken by using retrospective method taken away by medical record document. The research subjects are lodging patient at 10 Ministry of Health hospital within periode January-March 2012. Data analysis conducted descriptively. Results: The result of this strudy indicate that inpatient hospital of Jamkesmas members by catastropic disease is heart disease 37.11%, cancer 23.54% and stroke 39.35%. Conclusion: The average real expense inpatient hospital in A class much more compared to class of B and special hospital. Expense of INA CBGs claim much more of A class hospital compared to B class and special hospital. Component of many expense is accomodation cost, room action, laboratory, non surgical operation for the heart, surgical operation for cancer and the medicine expense. Expense of disease catastropic pursuant to compared to bigger claim based on INA-CBGs of real expense to hospital tariff, so that for hospital catastropic disease not lose. So, the policy of ladder refferal to Jamkesmas participant have to observe tightly so that health services to poor community become more well quality guaranted, exepense and sustainability

The journey of new India Insurances scheme has stated 17th century England. Insurances are the co– operative device who distribute the loss caused by a particular risk.When any insurances company face any types of mismanagement, they... more

The journey of new India Insurances scheme has stated 17th century England. Insurances are the co– operative device who distribute the loss caused by a particular risk.When any insurances company face any types of mismanagement, they should look for a market for that policy instead of constantly lying to the public or with their clients. Market competition brings decrease in price of the insurances company and increase in the quality but customer play their part according to their views. In the unpredictable society insurances paly a secure part but customers face many other problems. In this paper we will discussed about the problems faced by the customers and also their reasons why many people don’t have faith in the insurances company. The paper is focused on the problems faces by the customer in insurances sector.

The study focuses on the people of Hyderabad and intends to map out their inclination towards buying the products and services of public and private insurers. A survey was conducted among 200 respondents and the obtained data were treated... more

The study focuses on the people of Hyderabad and intends to map out their inclination towards buying the products and services of public and private insurers. A survey was conducted among 200 respondents and the obtained data were treated to find out the perceptions related to various parameters for buying the life insurance policy. The results of data analysis revealed that the respondents used to perceive such policies as a future protection tool and preferred public life insurers over private ones. Among the eight investment options which were supposed to be available to them, life insurance was ranked fourth while first three being bank deposit, real estate, and equity respectively. Бала Р., Cриманнараяна Г., Mехта T. Восприятие населением Хайдерабада страхования жизни. Исследования проведены среди жителей г. Хайдерабада с целью определения спроса услуг государственного и частного страхования. Опросом было охвачено 200 респондентов. Полученные данные рассматривались на предмет анализа восприятия, связанного с разными требованиями покупателей полисов страхования жизни. Результаты анализа данных показали, что рес-понденты воспринимали государственную социальную политику как инструмент будущей защиты и предпочли государственное страхование частному. Из восьми вариантов инвестирования, доступных для населения, страхование жизни заняло четвертую позицию, а к первым трем отнесены были соответственно банковский депозит, недвижимость и частный капитал. Ключевые слова: Индия, страхование жизни, потребительский спрос, инвестиционное предпочтение, социологический опрос.

Life insurances and, recently, private pensions in Romania contain large variation on Regional level. As we expected, a first identified influence refers to the level of economic Regional development. The level of urbanization,... more

Life insurances and, recently, private pensions in Romania contain large variation on Regional level. As we expected, a first identified influence refers to the level of economic Regional development. The level of urbanization, demographic indexes and the dimension of the network operators in the market represent other coordinates that define the Regional profile of the life insurances. Not least, we should remember the fact that these segments of the financial market are by themselves in competition, which amplifies the above-mentioned Regional differences. In the paper, we will analyze the correlation between those financial services and the mentioned factors in the Regional structures in Romania.

This study attempts to analyze the company specific determinants of the capital efficiency, by taking return on equity as a proxy for efficient use of capital in the context of Indian Life insurance sector during the period 2008–2018.... more

This study attempts to analyze the company specific determinants of the capital efficiency, by taking return on equity as a proxy for efficient use of capital in the context of Indian Life insurance sector during the period 2008–2018. According to the final results achieved by applying specific panel data techniques, the determinants of the Capital performance are the claims ratio and solvency margin.

If you are thinking about investing your hard-earned money by purchasing insurance, then only choose from the best insurance brokers, UAE has to offer. With insurance brokers in UAE, you are saving a lot of time and effort because... more

If you are thinking about investing your hard-earned money by purchasing insurance, then only choose from the best insurance brokers, UAE has to offer. With insurance brokers in UAE, you are saving a lot of time and effort because insurance brokers provide you with an array of options from different insurance companies at one spot. Also, trusted insurance providers gives the customer with valuable advice that steers them in the right way, if you have decided to purchase an insurance plan, it is always a good idea to consult an insurance broker.

The key point to note here is that in both 20 th and 21 st century, three lethal pandemic attacks have happened resulting into the large number of deaths. Under the Solvency-II regime in the EU, there is a need of keeping the capital... more

The key point to note here is that in both 20 th and 21 st century, three lethal pandemic attacks have happened resulting into the large number of deaths. Under the Solvency-II regime in the EU, there is a need of keeping the capital separately for the Catastrophe risk at a rate of 1.5 per 1000 sum assured equivalent to 99.5% probability confidence level, that is, keeping capital for 1 in 200 year event and there is an evidence of such events.