Life Micro Insurance in Assam - A Case Study

Bania, Dilip; Thappa, Sankar

doi:10.18843/ijms/v5i3(3)/07

Cited by 2 publications

(2 citation statements)

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“…The researchers used a survey questionnaire as the primary research instrument. The questionnaire was adapted from the Questionnaire on Health Insurance and a Survey Schedule on Micro Insurance (Bania & Thappa, 2018).…”

Section: Research Instrumentmentioning

confidence: 99%

Level of Risk Awareness and Insurance Literacy of Ilocanos Residing in Ilocos Sur

Cruz,

De Castro,

Daniel A.

et al. 2024

Peop, Beh, Vior

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Numerous individuals exhibit hesitancy towards procuring insurance, potentially attributed to their confidence in not requiring it or their perception of insurance as excessively complex, influenced by the plethora of available information. The objective of this study was to determine the level of risk awareness and insurance literacy of the general public in different municipalities and component cities of Ilocos Sur. There were five hundred thirty-four (534) individuals from different municipalities in Ilocos Sur, and stratified random sampling was used. This study employed a descriptive-correlational research design using a quantitative approach. The researchers used a survey questionnaire as the primary research instrument. To correlate the levels of awareness of the Ilocanos about health and life insurance with their insurance literacy, the researchers used the International Business Machine Statistical Package for the Social Sciences (IBM SPSS), specifically correlation analysis. The research shows a strong correlation between risk awareness and insurance literacy among the general public in Ilocos Sur, with respondents exhibiting heightened awareness of safety, security, return, and liquidity aspects of insurance, emphasizing health as a primary concern, and placing significance on familial considerations when insurance. The data indicates a clear understanding of the concept of beneficiaries and reflects a discerning public with a keen understanding of insurance decisions.

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Section: Research Instrumentmentioning

confidence: 99%

Level of Risk Awareness and Insurance Literacy of Ilocanos Residing in Ilocos Sur

Cruz,

De Castro,

Daniel A.

et al. 2024

Peop, Beh, Vior

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“…Dilip Bania. et al (2018) [2] , undertook a study on "Life Micro Insurance In Assam -A Case Study". The paper concludes that insurance companies should innovate products and distribution beyond the regulatory requirement to conduct business in the low income segment.…”

Section: Review Of Literaturementioning

confidence: 99%

A study on policy holders perception towards micro insurance with special reference to Coimbatore city

Renukadevi¹,

Hema²

2021

Int. J. Appl. Res.

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Micro insurance, commonly called as insurance for the poor, has recently drawn the attention of practitioners in developing countries. In common parlance, micro insurance is the provision of insurance services to low-income households, which serves as an important tool to reduce risks for the already vulnerable population. The main objective of the study taken was to identify and evaluate socio-economic determinants of Micro insurance, in Coimbatore city and to identify problems and issues relating to micro insurance such as product design, pricing, claim settlements. For this study Simple percentage, Mean Rank were adopted. The findings were most of the respondents are taken LIC of India, andgivenfirst priority to Premium amount. This study suggests that, lack of understanding, awareness, extension services and betterment of insurance market that grossly affect wider use of insurance products and its uptake, uniquely, among low-income groups. This paper concludes that while taking micro insurance policies was very helpful to the policyholders to run their family, to make startups, and also micro insurance become emerging trends between the policyholders.

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Life Micro Insurance in Assam - A Case Study

Cited by 2 publications

References 0 publications

Level of Risk Awareness and Insurance Literacy of Ilocanos Residing in Ilocos Sur

Level of Risk Awareness and Insurance Literacy of Ilocanos Residing in Ilocos Sur

A study on policy holders perception towards micro insurance with special reference to Coimbatore city

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