UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
Call for Paper
Volume 11 | Issue 3 | March 2024

JETIREXPLORE- Search Thousands of research papers



WhatsApp Contact
Click Here

Published in:

Volume 5 Issue 3
March-2018
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

7.95 impact factor calculated by Google scholar

Unique Identifier

Published Paper ID:
JETIR1803014


Registration ID:
180584

Page Number

71-77

Share This Article


Jetir RMS

Title

Policyholders’ perspectives on operating Motor Insurance Policies by Oriental Insurance Company

Abstract

Abstract Motor insurance contributes to one third of the premium income for the General Insurance industry in India. The growth of the economy and consequently, the standard of living of the people, further supported by the increased choice for the customer and entry of large number of automobile players led to a sharp increase in motor insurance. The main aim of the motor insurance is to protect the people from the loss arising out of accident. It covers loss made vehicle. The awareness of the people towards Insurance is low in India generally it is very difficult to create the buying attitude among the prospective buyers towards the different kinds of insurance. The General Insurance Corporation finds it difficult to identify and to make the clients believe the concepts of Insurance Policy. At the same time, the policy will be valued for only one year. The lack of insurance awareness is the main problem in general insurance particularly in motor insurance. Vehicle owners buy it only on the compulsion of the financing institution and regional transports office where the vehicle is registered. It is a mandatory provision that every vehicle owner should take a motor policy. Hence a study on motor insurance of the Oriental Insurance Company Limited in Sivakasi is carried out to analyze the policyholder’s attitude. The present study has been undertaken with the primary objective of analyzing the attitude of the policyholder’s towards Motor Insurance Company in the study area. The investigation encompassed an extensive survey to obtain primary data from sample respondents of 50 respondents’ customers in sivakasi. The interview schedule covered all the activities related to personal data, details about motor insurance and the suggestion for improvement of motor insurance. Based on the findings of the study, the OIC is suggested to introduce new products, advertise the benefits of taking the motor insurance policy, introduce on-line premium payment portals and introduce on-line renewal system and the like. These kinds of studies will surely kindle a competitive environment for General Insurance Industry. *******

Key Words

Cite This Article

"Policyholders’ perspectives on operating Motor Insurance Policies by Oriental Insurance Company", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 3, page no.71-77, March-2018, Available :http://www.jetir.org/papers/JETIR1803014.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Policyholders’ perspectives on operating Motor Insurance Policies by Oriental Insurance Company", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 3, page no. pp71-77, March-2018, Available at : http://www.jetir.org/papers/JETIR1803014.pdf

Publication Details

Published Paper ID: JETIR1803014
Registration ID: 180584
Published In: Volume 5 | Issue 3 | Year March-2018
DOI (Digital Object Identifier):
Page No: 71-77
Country: VIRUDHUNAGAR DISTRICT, Tamil Nadu, India .
Area: Commerce
ISSN Number: 2349-5162
Publisher: IJ Publication


Preview This Article


Downlaod

Click here for Article Preview

Download PDF

Downloads

0003025

Print This Page

Current Call For Paper

Jetir RMS