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Impact of Claim Settlement on Sales of Life Insurance Policies - A Case Study of LIC of India

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Abstract:

Claim settlement is one of the most important parts of the life insurance services. Person who is holding or planning for the life insurance will always want to have prompt claim settlement. For any insurance company sales of insurance policies is the biggest source of revenue and if claim are not properly settled then it will affect its sales. The study is based on the secondary data collected from IRDA annual report and it shows that LIC of India continue to grow due to its prompt claim settlement, highest insurance premium collections and highest number of policies sold.

Info:

Periodical:
International Letters of Social and Humanistic Sciences (Volume 23)
Pages:
1-6
DOI:
https://doi.org/10.18052/www.scipress.com/ILSHS.23.1
Citation:
R. K. Yadav "Impact of Claim Settlement on Sales of Life Insurance Policies - A Case Study of LIC of India", International Letters of Social and Humanistic Sciences, Vol. 23, pp. 1-6, 2014
Online since:
Mar 2014
Authors:
Rajesh K. Yadav
Keywords:
Claim Settlement, LIC of India, Life Insurance, Sales
Export:
RIS, BibTeX, Text
Distribution:
Open Access

Creative Commons License
This work is licensed under a
Creative Commons Attribution 4.0 International License

References:

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Rajesh K. Yadav, Nishant Dabhade, International Letters of Social and Humanistic Sciences 7 (2013) 1-22.

Rajesh K. Yadav, Nishant Dabhade, International Letters of Social and Humanistic Sciences 8 (2013) 77-85.

Rajesh K. Yadav, Nishant Dabhade, International Letters of Social and Humanistic Sciences 5 (2014) 44-62.

Rajesh K. Yadav, International Letters of Social and Humanistic Sciences 10(2) (2014) 84-90.

Rajesh K. Yadav, Nishant Dabhade, International Letters of Social and Humanistic Sciences 10(2) (2014) 181-201. ( Received 13 February 2014; accepted 17 February 2014 ).

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