This study is necessary to understand the position of insurance sector in Latur district and perception of the general public towards insurance industry and its products as compared to other parts of Maharashtra. People residing in rural and
urban area; view differently for the same service that has been provided by the insurance company. This difference of thinking or attitude is due to their income level, standard of living, education, knowledge about industry etc. People irrespective of living in any area can have any type of insurance products or service, but generally rural people look towards insurance as investment and urban as protection or safeguard against loss to life or property. So the rural people believe in such product which will give them lump sum amount at the maturity of the policy. But the urban people believe that insurance should protect them or their family after any bad or unfortunate incident happens with them. It means that the Ϯϲͮ Minor Research Project / Dr. B. T. Chavan urban people use to take such insurance policies which will provide huge lump sum amount after the loss to life to the remaining family members. Latur district is situated in the south eastern part of Marathwada region of Maharashtra state.
Insurance generally operates on the premise of uncertain future and as such its promotion and development depends mostly on the ability of insurers in assessing the real uncertainties of life of the insured. Insurance provides payment for unexpected
losses to individual’s family and business firms, allowing their activities to continue smoothly despite unfavorable and unfortunate events. An insurer’s reputation is evaluated mainly on his ability to fulfill his promise when the insured needs it. The life insurance industry also plays an important role in the mobilization of household and corporate savings and promoting investment activity. This industry provides for efficient and productive allocation of capital resources, thus facilitates growth and development of an economy. The life insurance industry in India, with LIC and 23 private sector players, has been playing a major role in performing some insurance functions of Society.
Table of Contents
- Chapter I: Introduction
- Chapter II: Research Methodology
- Chapter III: Review of Literature
- Chapter IV: Analysis & Interpretation of Data
- Chapter VII: Conclusions & Suggestions
Objectives and Key Themes
This minor research project aims to investigate the perception of college teachers towards life insurance, specifically focusing on the faculty of Dayanand Education Society, Latur. The study seeks to understand the factors influencing their decisions regarding life insurance coverage and their overall satisfaction with existing policies.
- Perception of college teachers towards life insurance.
- Factors influencing life insurance decisions among college teachers.
- Level of satisfaction with life insurance among college teachers.
- Comparison of perceptions towards public and private sector insurance companies.
- The role of life insurance in creating financial security and peace of mind.
Chapter Summaries
Chapter I: Introduction: This introductory chapter sets the stage for the research project by providing background information on life insurance in India and globally. It establishes the significance of the study by highlighting the importance of financial security and the role of life insurance in achieving it. The chapter also outlines the research objectives, methodology, and scope of the study, focusing specifically on the perception of college teachers at Dayanand Education Society, Latur, towards life insurance. International comparisons of insurance penetration and density are provided, setting the context for the Indian scenario, which is analyzed through data on life insurance penetration and density in India. The introduction lays the groundwork for subsequent chapters, clearly defining the research problem and its relevance.
Chapter II: Research Methodology: This chapter details the research design and methodology employed in the study. It outlines the sampling techniques used to select participants from the Dayanand Education Society, Latur, and describes the data collection methods, such as surveys and questionnaires. The chapter would justify the chosen methods, explaining their appropriateness for investigating the research questions. It will likely discuss the limitations of the research design and the steps taken to mitigate potential biases. This lays the foundation for understanding how the data in subsequent chapters was collected and analyzed, ensuring transparency and replicability.
Chapter III: Review of Literature: This chapter presents a comprehensive review of existing literature related to life insurance, focusing on relevant studies and theories. It synthesizes findings from previous research on consumer perceptions of insurance products, the factors influencing insurance purchase decisions, and the role of insurance in financial planning. The literature review likely explores the specific context of India and compares it to global trends. This chapter serves as a theoretical framework for the current research, providing context and grounding the findings within existing knowledge.
Chapter IV: Analysis & Interpretation of Data: This chapter presents the findings of the research, analyzing data gathered from the college teachers at Dayanand Education Society, Latur. The analysis likely includes descriptive statistics and potentially inferential statistical tests to examine the relationships between variables such as demographics, perceptions, and insurance decisions. The chapter would interpret the results in the context of the research questions and the literature review, drawing meaningful conclusions from the data collected. This chapter forms the core of the research, presenting the empirical evidence supporting the study's findings.
Keywords
Life insurance, perception, college teachers, India, financial security, insurance penetration, insurance density, consumer behavior, public sector insurance, private sector insurance, research methodology, survey, data analysis.
FAQ: Comprehensive Language Preview of Research on College Teachers' Perception of Life Insurance in India
What is the overall topic of this research preview?
This document provides a comprehensive preview of a research project investigating the perception of college teachers towards life insurance, specifically focusing on the faculty of Dayanand Education Society, Latur, India. It includes the title, table of contents, objectives and key themes, chapter summaries, and keywords.
What are the main objectives of the research project?
The research aims to understand the perception of college teachers towards life insurance, the factors influencing their decisions regarding life insurance coverage, their overall satisfaction with existing policies, and to compare perceptions towards public and private sector insurance companies. It also explores the role of life insurance in creating financial security and peace of mind.
What is covered in each chapter of the research?
Chapter I: Introduction sets the context, defining the research problem and its relevance, including international comparisons and Indian data on life insurance. Chapter II: Research Methodology details the research design, sampling techniques, data collection methods (surveys, questionnaires), and limitations. Chapter III: Review of Literature presents a comprehensive review of existing literature on life insurance, consumer perceptions, and influencing factors. Chapter IV: Analysis & Interpretation of Data analyzes data from the survey of college teachers, presenting descriptive and inferential statistics and interpreting the results. Chapter VII: Conclusions & Suggestions (Note: There appears to be a numbering error in the table of contents, Chapter VI is missing) presents the final conclusions and suggestions based on the research findings.
What is the target population of this research?
The research specifically focuses on the faculty of the Dayanand Education Society, Latur in India.
What research methods were used?
The research employed surveys and questionnaires as data collection methods. The specific sampling techniques are detailed in Chapter II.
What are the key themes explored in the research?
Key themes include perception of life insurance, factors influencing life insurance decisions, satisfaction levels with life insurance, comparison of public and private sector insurance companies, and the role of life insurance in financial security.
What are the key words associated with this research?
Key words include: Life insurance, perception, college teachers, India, financial security, insurance penetration, insurance density, consumer behavior, public sector insurance, private sector insurance, research methodology, survey, data analysis.
What is the overall goal of this research preview?
To provide a comprehensive overview of the research project, enabling readers to quickly understand its scope, objectives, and methodology.
- Quote paper
- Dr. Balasaheb Chavan (Author), 2020, The perception of college teachers towards life insurance. A case study, Munich, GRIN Verlag, https://www.hausarbeiten.de/document/948341
