Effectiveness of Process Related Strategies of Public and Private Life insurance Companies in Perambalur District
Journal Title: Saudi Journal of Business and Management Studies - Year 2017, Vol 2, Issue 12
Abstract
Abstract:The effectiveness of processes of life insurance companies is the prime concern for policyholders to choose a particular insurance company. Here researcher attempts to analyze the effectiveness of process related strategies of public and private life life insurance companies in perambalur district with the objectives of analyzing claim settlement time, ease of claim settlement formalities and policyholders’ dependence of insurance agent or insurance company employee for claim settlement. Here researcher adopts descriptive research design and used well-structured questionnaire for data collection. 100 samples each from both public and private life insurance companies are collected using simple random method. From the data analysis it is concluded that public life insurance company is effective in process related strategies than private life insurance companies. Keywords:Process of Life Insurance Company, Claim Settlement time, Claim settlement formalities, Policyholders dependence on agent, Policyholders dependence on insurance company employee.
Authors and Affiliations
P. Balamurugan, R. Rajendran
Keywords
Related Articles
- EP ID EP395959
- DOI -
- Views 155
- Downloads 0
Analysis of Information Quality, Security Level and Quality of Mobile Application Systems and Its Effects on Customer Satisfaction and the Impact on Customer Retention of T-Cash Applications Telkomsel
Abstract:T-Cash is one of the Pioneers of provider-based e-money services. Although T-Cash is declared successful, consumers are still afraid to use it Because Cultivating trust and attracting customers will save money o...
Agile Documentation
Abstract:Projects are a means by which new and improved products and services can be delivered.In today’s digital, real-time marketplace, it is important that organizations are able to deliver products and services to ma...
Measuring the Impact of POWER! Programme
Abstract: Despite the vast research in financial literacy and financial education, little is known about the effectiveness of the education programme that was conducted to increase the financial literacy among Malaysian....
Credit Risk Management: Implications on Bank Performance and Lending Growth
Abstract: This study is an empirical investigation into the quantitative effect of credit risk management on the performance of Nigeria’s Deposit Money Banks (DMBs) and Bank lending growth over the period of 17 years (19...
The Influence of Dimensions of Job Burnout on Employees’ Commitment: A Perspective of Malaysia
Abstract: This study investigates the job burnout components impact on manufacturing workers job commitment since burnout known as a syndrome that influences employees’ motivation and their commitment level. As well, eac...