Existing Customers Perception towards Tax Saving & ULIP Products

 Existing Customers Perception towards Tax Saving & ULIP Products


Abstract 

The distribution of products and services is a vital part of the management of any insurance company. Due to intangible product, short- and long-term investment, as well as realizable vs. unrealizable benefits, it's even more critical than usual This necessitates redistribution planning in order to establish a connection between product quality, value and behavioral aspects of targeted customers during distribution. All insurance companies rely heavily on distribution to be successful. There are a number of distribution channels that insurance companies use to market their products. In general, these are the channels that are referred to as traditional. Agents continue to be the primary channel for insurance distribution in India today, and almost all of the major players rely on it. In recent years, new distribution channels have emerged as a result of changes in consumer behavior, technological evaluation, and deregulation.

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Introduction

Insurance is a form of risk management that is primarily used in the insurance industry To protect oneself from the possibility of a contingent, uncertain loss. It's the fair loss risk is transferred from one entity to another in exchange for a reward payment. As for the insurance industry in India, it was a long-term monopoly. to the private players within the insurance corporation of India Ltd. It's the year 1999 now. Because of the low insurance rates, the company was forced to free up its resources. as a result of declining client interest in insurance the country's services The IRDA laws were drafted with the goal of ensuring that It was necessary for the insurance companies to come because of the increasing penetration rate farmland as a major source of revenue the economy's segments that were previously unaffected. Since direct agency forces were all that existed, that was the only real commerce No one could get the desired returns from the intermediary.

For More Details About Existing Customers Perception towards Tax Saving & ULIP Products
 Please Visit Our Website


Or call us +91 9481545735

Suggestions

The future will be determined by changing lifestyles and purchasing habits. the traditional channels of distribution while maintaining harmony channels of distribution are also available A multi-channel approach is needed by insurers to grow the new option channel. and reduces the effectiveness of traditional channels.

Trends in the protection industry today continue to run in parallel when money-related administrations became banks, Consolidating circulation channels are markets and protection The most notable incentive from the backup plans should be understood. operations and agent-based bolster for key personnel.

There are two types of circulation portions. Upgraded operations are part of this. safety net provider's multi-product, multi-channel strategy destinations of income and net revenues

For More Details About Existing Customers Perception towards Tax Saving & ULIP Products
 Please Visit Our Website


Or call us +91 9481545735

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