Professional Documents
Culture Documents
PROJECT REPORT
ON
IN
Submitted in partial fulfillment for the requirement of 4th semester for the
SUBMITTED BY:
ABHILASH S D
[17TUCMD001]
………………………. …………………………
EXTERNAL EXAMINER
--------------------------------
DECLARATION
Date: _____________________
ACKNOWLEDGEMENT
Bangalore regional office for his help and encouragement throughout the project
completion.
I render my gratitude and special thanks to Prof DR. Y NAGARAJU for his
Prof DR. Y NAGARAJU for giving me this opportunity to carry out this
Project.
Last but not the least, I thank my friends and well-wisher for their good
I INTRODUCTION 05
3.2 METHODOLOGY 33
V 5.1 FINDINGS 67
5.2 SUGGESTIONS 68
VI CONCLUSION 70
BIBLIOGRAPHY 71
ANNEXURE 72
LIST OF TABLES
NO. NO.
NO. NO.
In today’s corporate and competitive world, I find that insurance sector has the
maximum growth and potential as compared to the other sectors. Insurance has the
maximum growth rate of 70-80% while as FMCG sector has maximum 12-15% of
growth rate. This growth potential attracts me to enter in this sector and HDFC
Standard Life Insurance Company Ltd has given me the opportunity to work and
get experience in highly competitive and enhancing sector.
The success story of good market share of different market organizations depends
upon the availability of the product and services near to the customer, which can be
distributed through a distribution channel. However understanding the market,
consumer preference and introducing new products to suit different tastes and at the
same time offering a value product would be the key steps to fight competition.
CHAPTER-1
INTRODUTION
Customer is the king and it is the customer who decides what a business is and
therefore a sound marketing programme starts with a careful analysis of habits, attitudes,
motives and needs of the customers.
Buyers reactions to a firms marketing strategy has a great impact on the firm’s
success.
The marketing concept stresses that a firm should create a marketing mix that
satisfies a customer and therefore need to analyze the what, where, when and how
the customers buy.
Marketers can better predict how customers will respond to marketing strategies.
1. Need/Want/Desire is recognized:
In the first step the customer has determined that for some reason he/she is
not satisfied (i.e. customer’s perceived actual condition) and wants to improve
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his/her situation. External factors can also trigger the customer’s needs. Marketers
are particularly good at this through advertising, in-store displays etc.
2. Search for information:
Assuming that customers are motivated to satisfy his/her need they will
undertake a search for information on possible solutions. The sources may be
simple like the past experience or the customer may expend considerable effort to
locate information from outside sources (internet, etc.). How much effort the
customer directs towards searching depends on factors such as:
The importance of satisfying the need
Familiarity with available sources
The amount of time available for search.
3. Evaluate options:
Customers search efforts may result in set of options from which a choice
can be made. It should be noted that there may be two levels to this stage. At level
one the customer may create a set of possible solutions to their solution while at
level two the customer may be evaluating particular products within each solution.
4. Purchase:
In many cases the solution chose by the customer is the same as the
product whose evaluation is highest. The intended purchase may be altered at the
time of purchase for many reasons such as the product is out of stock, a competitor
offering incentive at the time of purchase, the customer lacking in necessary of
funds.
5. After purchase evaluation:
Once the customer has made the purchase they are faced with the
evaluation of the decision. If the product performs below the customer’s
expectation then he/she will re-evaluate the satisfaction with the decision, which at
its extreme might result in the customer returning the product while in less extreme
situations the customer will retain the product but may take a negative view of the
product.
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SECONDARY OBJECTIVES:
To know whether the service offered by the company has satisfied the needs of all
groups of people.
To find out the benefits preferred by the customers.
To know about their views about the company and to assess to their views.
A big boom has been witnessed in Insurance Industry in recent times. A large
number of new players have entered the market and are trying to gain market share in this
rapidly improving market. The study deals with HDFC Standard Life in focus and the
various segments that it caters to. The study then goes on to evaluate and analyze the
findings so as to present a clear picture of trends in the Insurance sector.
2) Some respondents were reluctant to divulge personal information, which can affect the validity
of all responses.
3) In a rapidly changing industry, analysis on one day or in one segment can change very quickly.
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CHAPTER-II
INDUSTRY & COMPANY PROFILE
INDUSTRY PROFILE
LIFE INSURANCE
In 1818 the British established the first insurance company in India in Calcutta, the
Oriental Life Insurance Company. First attempts at regulation of the industry were made
with the introduction of the Indian Life Assurance Companies Act in 1912. A number of
amendments to this Act were made until the Insurance Act was drawn up in 1938.
Noteworthy features in the Act were the power given to the Government to collect
statistical information about the insured and the high level of protection the Act gave to
the public through regulation and control. When the Act was changed in 1950, this meant
far reaching changes in the industry. The extra requirements included a statutory
requirement of a certain level of equity capital, a ceiling on shareholdings in such
companies to prevent dominant control (to protect the public from any adversarial
policies from one single party), stricter control on investments and, generally, much
tighter control. In 1956, the market contained 154 Indian and 16 foreign life insurance
companies. Business was heavily concentrated in urban areas and targeted the higher
echelons of society. “Unethical practices adopted by some of the players against the
interests of the consumers” then led the Indian government to nationalize the industry. In
September 1956, nationalization was completed, merging all these companies into the so-
called Life Insurance Corporation (LIC). It was felt that “nationalization has lent the
industry fairness, solidity, growth and reach.”
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Some of the important milestones in the life insurance business in India are:
1912: The Indian Life Assurance Companies Act enacted as the first statute to regulate
the life insurance business.
1928: The Indian Insurance Companies Act enacted to enable the government to collect
statistical information about both life and non-life insurance businesses.
1938: Earlier legislation consolidated and amended to by the Insurance Act with the
objective of protecting the interests of the insuring public.
1956: The market contained 154 Indian and 16 foreign life insurance companies
GENERAL INSURANCE
The General Insurance industry in India dates back to the Industrial Revolution and the
subsequent increase in trade across the oceans in the 17th century. As for Life Insurance,
the British brought General Insurance to India, and a similar path was followed in the
development of this industry. A number of private companies were in existence for years
and years until, in 1971, the Indian Government decided that the public interest would be served
by nationalizing the industry, merging all the 107 companies into four companies,
depending on the sort of business transacted (Marine, Fire, Miscellaneous). These were
the National Insurance Company Ltd., the Oriental Insurance Company Ltd., the New
India Assurance Company Ltd., and the United India Insurance Company Ltd. located in
Calcutta, New Delhi, Bombay and Madras respectively. The General Insurance
Corporation (GIC) was set up in 1972 as a ‘holding’ company, having these four
companies as its subsidiaries.
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Some of the important milestones in the general insurance business in India are:
1907: The Indian Mercantile Insurance Ltd. set up, the first company to transact all
classes of general insurance business.
1957: General Insurance Council, a wing of the Insurance Association of India, frames
a code of conduct for ensuring fair conduct and sound business practices.
1968: The Insurance Act amended to regulate investments and set minimum solvency
margins and the Tariff Advisory Committee set up.
1972: The General Insurance Business (Nationalization) Act, 1972 nationalize the
general insurance business in India with effect from 1st January 1973. 107 insurers
amalgamated and grouped into four companies viz. the National Insurance Company
Ltd., the New India Assurance Company Ltd., the Oriental Insurance Company
Ltd. and the United India Insurance Company Ltd. GIC incorporated as a company.
Life Insurance Corporation of India (LIC) was established on 1 September 1956 to spread
the message of life insurance in the country and mobilize people’s savings for nation
building activities. LIC with its central office in Mumbai and seven zonal offices at Mumbai,
Calcutta, Delhi, Chennai, Hyderabad, Kanpur and Bhopal, operates through 100 divisional
offices in important cities and 2,048 branch offices. LIC has 5.59 lakh active agents spread
over the country
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The general insurance industry in India was nationalized and a government company
known as General Insurance Corporation of India (GIC) was formed by the Central
Government in November 1972. With effect from 1 January 1973 the erstwhile 107
Indian and foreign insurers which were operating in the country prior to nationalization,
were grouped into four operating companies, namely,
(However, with effect from Dec'2000, these subsidiaries have been de-linked from
the parent company and made as independent insurance companies). All the above
four subsidiaries of GIC operate all over the country competing with one another and
underwriting various classes of general insurance business except for aviation
insurance of national airlines and crop insurance which is handled by the GIC.
Besides the domestic market, the industry is presently operating in 17 countries directly
through branches or agencies and in 14 countries through subsidiary and associate
companies.
The introduction of private players in the industry has added to the colors in the dull
industry. The initiatives taken by the private players are very competitive and have given
immense competition to the on-time monopoly of the market LIC. Since the advent of the
private players in the market the industry has seen new and innovative steps taken by the
players in this sector. The new players have improved the service quality of the
insurance. As a result, LIC down the years have seen the declining phase in its career. The
market share was distributed among the private players. Though LIC still holds the 75% of
the insurance sector but the upcoming natures of these private players are enough to give
more competition to LIC in the near future. LIC market share has decreased from
95% (2002-03) to 82 % (2004-05).
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HDFC Standard Life Insurance Company Ltd. is one of India’s leading private life
insurance companies, which offers a range of individual and group insurance solutions. It is
a joint venture between Housing Development Finance Corporation Limited (HDFC
Ltd.), India’s leading housing finance institution and The Standard Life Assurance
Company, a leading provider of financial services from the United Kingdom. Their
cumulative premium income, including the first-year premiums and renewal premiums is
Rs. 672.3 for the financial year, Apr-Nov 2005.
Max New York Life Insurance Company Limited is a joint venture that brings together
two large forces - Max India Limited, a multi-business corporate, together with New
York Life International, a global expert in life insurance. With their various Products and
Riders, there are more than 400 product combinations to choose from. They have a
national presence with a network of 57 offices in 37 cities across India.
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Insurance is in a manner of speaking the last frontier in the financial sector to open. It is
also a sector, which leads to benefits across the full spectrum, from the individual who
now have wider choices, to the economy, which see increased savings, to the
infrastructure sector, which can look forward to long term funding being available. In an
under-insured economy, newer channels of distribution have to be utilized to intensify the
reach of insurance both in urban and rural markets. This will create huge employment
opportunities not only within insurance companies but also as agents and consultants of
insurance companies.
Different companies can choose to position themselves differently and hence the
Marketing Mix is different. However, there are certain common characteristics that one
can cull out from the possible strategies that companies adopt.
Product:
Different companies may however choose different channels and different geographies to
focus on. The channel options are - tied agency force, corporate agents and brokers
this is an area where different companies will make different choices. Many companies
like HDFC Standard Life are focusing on all channels whereas companies like Max New
York Life are focusing on the tied agency force only. Customer interface will be a key
challenge for life insurance companies and includes every that interaction that the
customer has with the company, such as sales, new business underwriting, policy
servicing, premium payments, claim processing and so on. Technology can play a crucial
role in delivering the highest standards of service set by the company and it will be imperative
for any serious player to excel in all of these.
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Price:
Price is a relevant differentiator only in two segments - pure term insurance and in pure
annuities. Here too, service delivery and financial strength will need to be present at a
minimum acceptable level for price to be a relevant differentiator. In case of savings
oriented products, long-term returns generated are more relevant than just the price of
product. A focus on generating good investment performance and keeping a tight control
on costs help in generating good long-term maturity value for customers. Norms have
been laid down on all of these by IRDA and adhering to these while delivering good
returns
The level of demand is latent and will have to be activated considerably. The market
needs to be developed. Greater awareness of insurance and the need to have it as a
protection tool rather than as a tax planning measure needs to be appreciated by the
Indian people. Various communication tools including advertising, direct marketing and
road shows contribute to all this and different companies take different approaches on
these.
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Role of IRDA:
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COMPANY PROFILE
HDFC Standard Life Insurance Company Ltd. is one of India's leading private
Insurance companies, which offers a range of individual and group insurance
Solutions. It is a joint venture between Housing Development Finance Corporation
Limited (HDFC Ltd.), India's leading housing finance institution and a Group
Company of the Standard Life, UK. HDFC as on December 31, 2007 holds 72.38
Percent of equity in the joint venture.
HDFC Limited.
• HDFC is India leading housing finance institution and has helped build more than 23, 00,000
houses since its incorporation in 1977.
• In Financial Year 2003-04 its assets under management crossed Rs. 36,000 Cr.
• As at March 31, 2004, outstanding deposits stood at Rs. 7,840 crores. The depositor base now
stands at around 1 million depositors.
• Rated AAA by CRISIL and ICRA for the 10th consecutive year
• Stable and experienced management
• High service standards
• Awarded the Economic Times Corporate Citizen of the year Award for its long-standing
commitment to community development.
• Presented the Dream Home award for the best housing finance Provider in 2004 at the third
Annual Outlook Money Awards.
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• The Standard Life group has been looking after the financial needs of customers for over 180
years
• It currently has a customer base of around 7 million people who rely on the company for their
insurance, pension, investment, banking and health-care needs
• It is a leading pensions provider in the UK, and is rated by Standard & Poor's as 'strong' with a
rating of A+ and as 'good' with a rating of A1 by Moody's
• Standard Life was awarded the 'Best Pension Provider' in 2004, 2005 and 2006 at the Money
Marketing Awards, and it was voted a 5 star life and pensions provider at the Financial Adviser
Service Awards for the last 10 years running. The '5 Star’ accolade has also been awarded to
Standard Life Investments for the last 10 years, and to Standard Life Bank since its inception in
1998. Standard Life Bank was awarded the 'Best Flexible Mortgage Lender' at the Mortgage
Magazine Awards in 2006
KEY STRENGTHS
1) FINANCIAL EXPERTISE
As a joint venture of financial services groups, hdfc standard life has the financial expertise
required to manage your long-term investments safely and efficiently.
2) RANGE OF SOLUTIONS
We have a range of individual and group solutions, which can be easily customized to specific
needs. Our group solutions have been designed to offer you complete flexibility combined with a
low charging structure.
Our gross premium income, for the year ending March 31, 2008 stood at
Rs.4,859 crores and new business premium income stood at Rs. 2,685 crores. The company has
covered over 9,59,000 lives year ending March 31, 2008.
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STRENGHTS:
2.) Strong and well spread network og qualified intermediaries and sales person.
5.) Huge basket of product range which are suitable for all age and income groups.
6.) Large pool of technically skilled manpower with in depth knowledge and understanding of the
market.
7.) The company also provides innovative products to cater to different needs of different
customers.
WEAKNESS:
3.) Vertical hierarchical reporting structure with many designations and cadres leading to power
politics at all levels without any exception.
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OPPORTUNITIES:
1.) Insurable population: According to IRDA only 10% of people are insured.
This suggests that more than 300m people, with the potential to buy insurance,
remain uninsured.
2.) There will be inflow of managerial and financial expertise from the world’s
leading insurance markets. Further the burden of educating consumers will
also be shared among many players.
3.) International companies will help in building world class expertise in local
market by introducing the best global practices.
THREATS:
1.) Other private insurance companies also vying for the same uninsured
population.
2.) Competition from public sector insurance companies like LIC, National
Insurance Company Limited, Oriental Insurance Limited, New India
Assurance Company Limited and United India Insurance Company Limited.
People trust and go to them more.
4.) Most people don’t understand the need or are not willing to take insurance
policies in general.
CORPORATE OBJECTIVES
Our Vision
'The most successful and admired life insurance company, which means that we
are the most trusted company, the easiest to deal with, offer the best value for
money, and set the standards in the industry'. 'The most obvious choice for all'.
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Our Values
• Integrity
• Innovation
• Customer centric
• Teamwork
PRODUCT PROFILE:
Individual product:
We at HDFC Standard Life realize that not everyone has the same kind of needs.
Keeping this in mind, we have a varied range of Products that you can choose from to suit all
your needs. These will help secure your future as well as the future of your
family.
Protection Plans
You can protect your family against the loss of your income or the burden of a
loan in the event of your unfortunate demise, disability or sickness. These plans offer
valuable peace of mind at a small price.
• Assurance Plan
Investment Plans
Our investment products are well suited to meet your long-term needs.
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Pension Plans
Our Pension Plans help you secure your financial independence even after
retirement.
• Personal Pension Plan
Our Immediate Annuity plan will aid you in receiving income post retirement and
securing you financial independence.
Savings Plans
Our Savings Plans offer you flexible options to build savings for your future
needs such as buying a dream home or fulfilling your children’s immediate and future
needs. Our Savings range includes
• Children's Plan
Health Plans
Our health plans provide you with timely support in case of any health related
emergencies and helps you and your family to remain financially independent in difficult times
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Group Products:
HDFC Standard Life has the most comprehensive list of products for progressive
employers who wish to provide the best and most innovative employee benefit solutions to their
employees. We offer different products for different needs of employers ranging from term
insurance plans for pure protection to voluntary plans. We now offer the following group
products to our esteemed corporate clients
Social Product
Other product:
• Rural products
• Tax benefits
It is a system where your premium gets directly debited from your bank account
on your due dates. This helps the customer to pay the insurance premium with out to the
insurance company.
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Financial advisors:
Advisors are the back is not just selling of the policies but listen to the customer
like what they need, how much they can invest, which policy suits them the and what
kind of policy expect from us i.e. what kind of policies should be designed for them.
Policy holder can easily renew their policy without much more difficulties for
these customers can seed the help of financial consultant.
Other service:
• Customized products
• All the information about the companies and its products are available in
company’s web site.
• In case a customer wants to pay their premiums through cheque then they can
draw them in favors of the insurance company in which he has the policy.
• Market information: customers can check their policy status through online.
• Clime settlement: clime settlement in private life insurance company is faster than
the other insurance company
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CHAPTER-III
RESEARCH METHODOLOGY
Research design is the basic plan which guides the researchers in the collection
and analysis of data required for practicing the research product. In fact the research
design is the conceptual structure with which research is conducted. It consist the blue print for
the collection, measurement and analysis of the data that was followed
completing the study to ensure that study is relevant to the problem and will follow the
predetermined and set data.
Descriptive research:
The research design selected for this research is descriptive research design.
3.2. METHODOLOGY:
Collection of the data for the study can be drawn from following methods for
study.
After determining the objectives of study and research design, the next important
step is data is step collection method. The information has to be collected from the
retailers. During the process of the study the data is collected from the target segment that is
customers, dealers and distributors with help of a structured well designed
questionnaire.
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• Primary data
• Secondary data
Primary data
I have collected mainly the Primary Data for my study by utilizing the questionnaire and interview
methods.
Secondary data
These data are collected from published sources such as Magazines, NEWS
papers, several books, and also from the help of web site www.hdfcsl.com.
Sample size:
Sample size refers to number of elements to be included in the study several qualitative factors
should also be taken into consideration when determining the sample size. These include the
nature of research, number of variables, and nature of analysis, sample size used in similar studies
incidence rates, completion rates, and resources constraints. During the process of the study,
survey has been conducted on 100 respondents.
Sampling method:
The researcher had choice between probability and non-probability sampling methods. In this
study a simple non-probability method namely convenience sampling was adopted.
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CHAPTER-IV
ANALYSIS & INTERPRETATION
INTERPRETATION:
The above figure reveals that most of the people 32% are working in government and 29%are
Business sector.
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INTERPRETATION:
The above figure reveals that most of the people 32% are working in government and 29% are
Business sector.
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INTERPRETATION:
This graph shows that only 33% of people are aware of the investment option and 53% of people
have some knowledge about it. But 14% of people are not aware of the investment option
available to them.
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INTERPRETATION:
This graph shows that 47% of people not having an insurance policy and 53% of people having
an insurance policy.
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INTERPRETATION:
The figure shows 33% of people have insurance for future earnings and 28% are investing for
Retirement.
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INTERPRETATION:
The above figure shows 46% of respondents prefer long term investment where as 32%
prefer medium term and only 22% prefer short term.
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INTERPRETATION
The above figure shows that 32% of the respondents have perception of Insurance being a
saving tool and 29% of the respondents have perception of Insurance being a tax saving
device. But 39% of the respondents are with the view that Insurance is a tool to protect
your family.
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INTERPRETATION
• 44% of the respondents approached the Insurance Company / Agent
• Whereas, 56% of the respondents were approached by the Company /Agent.
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INTERPRETATION
• 29% customers look for a Trusted name in a company for insurance.
• 29% customers look for a good plan in a company for insurance.
• Friendly service & responsiveness and Accessibility are also important factors
looked by customers in a company.
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INTERPRETATION
Majority of the respondent (37%) found Larger risk coverance as the most attracted feature of the
all.
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INTERPRETATION:
The above graph shows that 36% of Respondents believes the operations of the company
to be professional and 29% believe it is Average.
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INTERPRETATION
• 60% of the respondents are more or less satisfied with their existing policy.
• 40% of the respondents are not satisfied with their existing policy.
• In this case all of those who have taken a policy have responded.
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INTERPRETATION:
The above graph shows that 39% people believes in Advisor, 28% of people believes
Customer care while company website and branch Manager People clarify any query first
respectively 16% and 17%.
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INTERPRETATION
55% of the respondents believe that covering future uncertainty is the biggest
benefit of an insurance policy.
Whereas, 20% and 25% of them believe that the other benefits are Tax deduction
and future investments respectively.
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INTERPRETATION:
The above figure shows that 82% of respondents are satisfied with their current policy
and only 18% of people are not happy with their policy.
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CHAPTER –V
FINDINGS & SUGGESTION
5.1 FINDINGS:
• It reveals that 39% of respondents belong to 25 to 35 age group and 31% are
belong to below 25 ages. (Ref: Table 4.1)
• The survey shows that maximum 32% of the respondents are in working govt.
sector. (Ref: Table 4.2)
• Out of 100respondents 33% of the respondents were well known about HDFCSL
investment option. (Ref: Table 4.3)
• 33% of respondents are indented to invest on their earning only. (Ref: Table 4.5)
• 60% of the respondents are satisfied with the policies offered in HDFC-SLIC.
( Ref: Table 4.12)
• 39% of the respondents using Advisor service which the service offered by the
HDFC-SLIC. (Ref: Table 4.13)
• 55% of the respondents perceive the benefits of insurance as a cover for future
uncertainty. (Ref: Table 4.14)
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CUSTOMER-BUYING BEHAVIOR IN LIFE INSURANCE INDUSTRY
5.1 SUGGESTIONS
In Coimbatore most of the people are working in Government and Business sector
and they don’t have much financial planning. Another important point is they have good
compensation package. So the company should bring more innovative and should carry out
more promotional activities in government fields. Better promotion of unit linked plans can
generate more sales to the company.
• As the awareness of insurance is less among the people, its awareness should be
creating among the people by conducting stage shows and explaining its need and
importance.
• Insurance should not be considered only as a risk cover element but also as a long term
investment
• More efforts should be taken by the company’s financial consultants to convert the leads into
policy holder of HDFC-SLIC.
• Follow up should be taken and customer relation should be maintained by the inviting the
existing customers to the seminars conducted when launching a new product or any changes are
made to the products or rules to retain them.
• Coming with new promotional activities like giving new advertisements, keeping stalls,
conducting seminars in companies, and giving ads through SMS can be done by HDFC Standard
Life insurance Co. to create awareness among customers.
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CUSTOMER-BUYING BEHAVIOR IN LIFE INSURANCE INDUSTRY
CHAPTER – VI
CONCLUSION
CONCLUSION:
Our exhaustive research in the field of Life Insurance threw up some interesting trends which can
be seen in the above analysis. A general impression that we gathered during Data collection was
the immense awareness and knowledge among people about various companies and their
insurance products. People are beginning to look beyond LIC for their insurance needs and are
willing to trust private players with their hard-earned money. People in general have been
impressed by the marketing and advertising campaigns of insurance companies. A high
penetration of print, radio and Television ad campaigns over the years is beginning to have its
impact now. Another heartening trend was in terms of people viewing insurance as a tax saving
and investment instrument as much as a protective one. A very high number of respondents have
opted for insurance for such purposes and it shows how insurance companies have been
successful to attract public money in recent times.
The general satisfaction levels among public with regards to policy and agents still require
improvement. But therein lies the opportunity for a relative new comer like HDFC Standard Life
Insurance Company Ltd. LIC has never been known for prompt service or customer-oriented
methods and HDFC Standard Life can build on these factors.
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CBSMS JB CAMPUS, BANGALORE UNIVERSITY
CUSTOMER-BUYING BEHAVIOR IN LIFE INSURANCE INDUSTRY
BIBLIOGRAPHY
WEBSITES REFFERE
www.irda.com
www.hdfcinsurance.com
www.insurance.ind.com
www.moneyoutlook.com
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CUSTOMER-BUYING BEHAVIOR IN LIFE INSURANCE INDUSTRY
ANNEXURE
QUESTIONNARE:
[ ] Finance [ ] Government
[ ] Business [IT]
[ ] [yes]
Yes [ ] No [ ] Have some knowledge
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CBSMS JB CAMPUS, BANGALORE UNIVERSITY
CUSTOMER-BUYING BEHAVIOR IN LIFE INSURANCE INDUSTRY
[ ] Yes [ ] No
(12) Which features made you to invest in HDFC Standard Life Insurance?
(13) What is your opinion towards the services provided by HDFC Standard
Life Insurance?
[ ] Average [ ] Aggressive
[ ] Excellent [ ] professional
(14) Are you satisfied with the policies of the insurance provider?
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CBSMS JB CAMPUS, BANGALORE UNIVERSITY
CUSTOMER-BUYING BEHAVIOR IN LIFE INSURANCE INDUSTRY
(15) If you want to clarify any query to whom you consult first?
[ ] Yes [ ] No
Any more information you would like to share regarding your perception
about HDFC-SLIC.??
THANK YOU
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