CUSTOMER PERCEPTION TOWARDS INSURANCES SCHEME
International Journal of Innovative Research in Information Security, Volume IV (Issue IV):
36-40 (April 2020)1. https://cleartax.in/s/insurance 2. https://www.scribd.com/doc/10487143/Project-On-The-New-India-Assurance-Com-By-Sandeep-vaishnav 3. https://trendlyne.com/research-reports/stock/65182/NIACL/the-new-india-assurance-company-ltd/.DOI: doi://10.26562/IRJCS.2020.APIS10082
Abstract
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.
Description
To go deep in the insurances the important is to understand the scheme of insurances. Insurance firms are summarizing viewed as formation meant to cancel or we can say as to minimize the consequences in adverse of future misfortunes. In fact, insurance companies are risk outcomes underwriters. As we all know we live in the world of unpredictable societies that have an extensive variety of risk trajectories, well we commonly expected that any person at a particular level or point in time can met into unfriendly situations that will enter in endanger any person’s life or property, education level, and class. Due to insurances in developed nation many companies and industries do not liquidate or “go under” in such societies.
Normally, most people expect that insurance firms will be popular in societies. However, this is not the case, as many insurance businesses face difficult challenges that actually threaten their existences and survivals. This is mostly seen in less developed societies where political and socio – economic systems are yet to form.
A. Objectives of study
1.1 To find the customer problem in Insurances companies.
1.2 To examine the customer trust on already exist insurances firm and new insurances firm.
B. Research Methodology
The research is based on both the data collection i.e. primary data was collected for customer views on insurances firms and secondary data was collected to study the theoretical part of the study. According to which hypothesis are:
Ho: To analysis Customer problem in Insurances companies
H0: To examine the customer trust on already exist insurances firm and new insurances firm.