Impact of Claim Settlement on Sales o f Life Insurance Policies – A Case Study of LIC o f India
Journal Title: International Journal of Scientific Research and Management - Year 2017, Vol 5, Issue 8
Abstract
Claim settlement is one of the most important parts of the life in surance services. Person who is holding or planning for the life insurance will always want to have p rompt 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 secon dary 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.
Authors and Affiliations
S. Maheswari
Keywords
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