Study of Customer Retention in Life Insurance Corporation Limited

 Study of Customer Retention in Life Insurance Corporation Limited


Introduction

Trust, service, product features, and advisor relationships are the most important factors in the purchase of an insurance product. LIC, for example, is still favored because it is a government-owned entity. Misspellings have paralyzed the entire industry. A lot of people have a hard time believing in advisors. Their work is extremely difficult. People are now becoming more aware of the various investment tools available on the market, and they are taking advantage of them. Pune is one of the urban cities where the masses have begun comparing products. Many people I spoke with said that their family and co-workers had a significant influence on their purchase decision.

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Objectives of the study

In order to determine whether or not customers are switching from IDBI Life Insurance to other companies, research was conducted.

For the purpose of examining IDBI Federal Life Insurance Company Ltd.'s sales and marketing policies.

To determine the types of products purchased by IDBI customers.

To bring in new leadership from outside the company.

For More Details About  Study of Customer Retention in Life Insurance Corporation Limited
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Conclusion

Trainees learn the most from summer training about the company's operations and corporate culture while performing their duties. My first job was as a life insurance agent for IDBI Federal Life Insurance Co. Ltd., where I gained a great deal of knowledge about life insurance, including its importance and application. 

Using the principles I taught in management school, the company and I benefited greatly. In conclusion, I believe that life insurance is an important service that every citizen should become familiar with and understand, because it is the only source of income that is guaranteed to continue to exist, regardless of whether or not a person is the family breadwinner. My career aspirations include working in the growing financial sector and providing services to the industry.

For More Details About  Study of Customer Retention in Life Insurance Corporation Limited
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