1. In which sector do you have insurance?

No .of respondents: 94

S.No Options Percentage

1. Public 43.4% (40)
2. Private 56.6% (54)

Pie chart -1
public privcate

43%

57%

Interpretation : Out of 94 respondents 43.4% ( 40 respondents) said that they

would choose ‘public sector ' and 56.6% (54 respondents) said that they would
prefer ‘private sector ’.. According to the analysis, People choose private sector
because private sector has various scheme as compared to public sector.

2. Do you have investment/insurance plan on your name?

No .of respondents: 94

S.NO Options Percentage

1. Yes 58.3%(56)
 2. No 41.7%(38)

Pie-chart 2
yes no

40%

60%

Interpretation :out of 94 respondents 58.3% ( 56 respondents) said that ‘Yes'

and 41.7% (38 respondents) said that ‘No'.56 respondents were major and.
insurance have own name while 38 respondents were minor insurance haven’t
own name.

3. Do you realize the importance of buying LIC?

No .of respondents: 94

S.NO Options Percentage

1. Yes 89.2%(86
2. No 10.8%(8)
 Pie-chart 3
yes no

11%

89%

Interpretation :out of 94 respondents 88.2% ( 86 respondents) said that ‘Yes'

and 10.8% (8respondents) said that ‘No’. 86 respondents knowabout the life
insurance policy. They are aware of it’s merits and demerits while 8 respondents
completely unaware about the merits and demerits.

4. Are you planning to take life insurance policy for your family in this
Covid?

No .of respondents: 94

S.No Options Percentage

1. Yes 78.7%(76)
2. No 21.3%(18)
 Pie chart- 4
yes no

20%

80%

Interpretation :out of 94 respondents 78.7% ( 76 respondents) said that ‘Yes'

and 21.3% (18 respondents) said that ‘No’ 76 respondents said that ‘Yes’
because the insurance protect the covid-19 and safeguard our family during
difficult time while 18 respondent didn’t have knowledge about insurance.

5. According to you what is the right age to buy insurance?

No .of respondents: 94

S.NO Options Percentage

1. After 25 years 43.3%(41)
2. 35 years 24.6%(23)
73. 45 years 19.2%(18)
4. Any time 12.9%
 Pie chart-5
after 25 years 35 years 45 yeras any time

12%

20% 43%

25%

Interpretation :out of 94 respondents 43.3% ( 41 respondents) said that ‘After

25 year' ,24.6% (23respondents) said that ’35 year’,19.2% (18 respondents)said
that ‘45 year’ and 12.9%(12 respondents) said that ‘anytime'.According to this
analysis the correct age of insurance after 25 year.

6. Is there any benefits of LIC?

No .of respondents: 94

S.No Options Percentage

1. Yes 72.3%(71)
2. No 27.7%(23)

Interpretation :out of 94 respondents 73.3% ( 71 respondents) said that ‘Yes'

and 27.7% (23 respondents) said that ‘No’ 71 respondents knowabout the
advantages. They were aware of it’s merits. 23 respondents didn’t know the
advantages of LIC.
7. What is your reason for taking LIC ?.

No .of respondents: 94

S.No Options Percentage

1. Safety 88.4%(87)
2. Brand name 05.2%(4)
3. Good track record 2.3%(1)
4. Good return 4.1%(2)

Pie chart-7
safety brand name good track record good return

2%4%
5%

89%

Interpretation :out of 94 respondents 87.4% ( 87 respondents) said that

‘Safety' , 5.2% (4 respondents) said that ‘Brand name’, 2.3%(1 respondents)
said that ‘Good track record’,4.2%(2 respondents) said that ‘Good return’.
According to the survey the safety is the main reason to take insurance.
8. Does taking LIC helped you in covid-19 ?

No .of respondents: 94

S.No Options Percentage

1. Yes 66.1%(63)
2. No 33.9%(31)

Pie chart-8
yes no

34%

66%

Interpretation :out of 94 respondents 66.1% ( 63 respondents) said that ‘public'

and 33.9% (31 respondents) said that ‘No’.63 respondents know about the
insurance protection in covid-19. They were know insurance is safety provider.
31 respondents completely unaware of it’s advantages.

9. Is claim settlement procedure simple or difficult?

No .of respondents: 94

S.No Options Difficult

1. Simple 63.2%(61)
2. Difficult 36.8%(33)
 Pie chart-9
simple difficuilt

37%

63%

Interpretation :out of 94 respondents 63.2% ( 61 respondents) said that ' and

36.8% (33 respondents) said that ‘No’. 61 respondents know about the
insurance claim settlement procedure is simple and easy to understand while 33
respondents were facing difficulties to understand.

10. In the long term how important it is to give financial security to your
family?

No .of respondents: 94

S.NO Options Percentage

1. Important 83.7%(79)
2. Not important 16.3%(15)
 Pie chart-10
important not important

16%

84%

Interpretation :out of 94 respondents 83.7% ( 79 respondents) said that ‘Yes'

and 16.3% (15 respondents) said that ‘No’. 79 respondents know that the
importance of financial security while 15 respondents were not aware the
importance

11. When did you buy a LIC , before or during the pandemic?

No .of respondents: 94

S.No Options Percentage

1. Before pandemic 56%(53)
2. During pandemic 44%(41)
 Pie chart 11
before pandeic during pandemic

44%

56%

Interpretation :out of 94 respondents 56% ( 53 respondents) said that ‘before

pandemic' and 44% (41 respondents) said that ‘during pandemic’. According to
the analysis 53 respondents buy LIC before pandemic because LIC saves the
day for life insurer inpandemic and know about that the bright future for life
insurance in pandemic.While 41 respondents buy LIC during pandemic because
he didn’t know the benefits of LIC.

12. Are you aware of any insurance bonuses on your policies?

No .of respondents: 94

S.No Options Percentage

1. Yes 87.2%(83)
2. No 12.8%(11)
 Pie chart -12
yes no

13%

87%

Interpretation :out of 94 respondents 87.2% ( 83 respondents) said that ‘Yes'

and 12.8% (11 respondents) said that ‘No’.83 respondents aware about the
insurance bonuses because insurance cover by opting for inbuiltcoverage for
accidental death, permanent disability etc. While 11 respondents no knowledge
about the insurance bonuses.

13. Has your policies ever lapsed due to non-payment of premiums?

No .of respondents: 94

S.No Options Percentage

1. Yes 91.7%(89)
2. No 8.3%(5)

Pie chart-13
yes no

8%

92%
Interpretation :out of 94 respondents 97.7% ( 89 respondents) said that ‘Yes'
and 8.3% (5 respondents) said that ‘No’. According to the analysis 89
respondents in the mindsets of our busy schedules. We often forgot to make
timely payment of insurance premiums. 5 respondents don’t misses the
premium payment.

14. Do you face any problem while paying premiums during the
pandemic?

No .of respondents: 94

S.No Options Percentage

1. Yes 77.1%(73)
2. No 22.9%(21)

Pie chart -14

yes no 4th Qtr

23%

77%

Interpretation :out of 94 respondents 77.1% ( 73 respondents) said that ‘Yes'

and 22.9% (21 respondents) said that ‘No’. 73 respondents facing issue while
paying premiums during the pandemic because covid-19 pandemicimpact on
Business sector, tourism and hospitality etc. 21 respondents said that they were
rich.

15. Have you ever received any benefits from any of the policies you
currently have?

No .of respondents: 94
 S.NO Options Percentage
1. Yes 68.3%(67)
2. No 31.7%(27)

Pie chart -15

yes no

32%

68%

Interpretation :out of 94 respondents 68.3% ( 67 respondents) said that ‘Yes'

and 31.7% (27 respondents) said that ‘No’.67 respondents know about the
advantages of insurance policies and insurance policies cover life risk, death
risk, loan risk etc.27 respondents don’t have any kind of policies and no
knowledge about it

16. Do you agree that policies provided by LIC in India are superior to or
more attractive than private insurance companies?

No .of respondents: 94

S.No Options Percentage

1. Agree 53.1%(51)
2. Disagree 46.9%(43)
 Pie chart 16
agree disagree

47%
53%

Interpretation :out of 94 respondents 53.1% ( 51respondents) said that ‘Yes'

and 46.9% (43 respondents) said that ‘No’. According to the analysis, most of
the policy holders preferred LIC because of trust worthiness and the awareness.
LIC is a public sector provider and very high as compared to private sector.

17. How regularly do you pay your premiums?

No .of respondents: 94

S.No Options Percentage

1. Monthly 48.1%(47)
2. Quarterly 21.3%(19
3. Half year 9.1%(9)
4. Yearly 21.5%(19)
 Pie chart 17
monthly ouarterly half year yearly

22%

48%
9%

21%

Interpretation :out of 94 respondents 48.1% ( 47 respondents) said that

‘Monthly',21.3% (19 respondents) said that ‘Quarterly’, 9.1%(9 respondents)
said that ‘Half yearly’, 21.5%(19 respondents) said that

18. Did you received any incentives from your insurance company on the
insurance premiums?

No .of respondents: 94

S.No Options Percentage

1. Yes 52.3%(49)
2. No 47.7%(45)
 Pie chart 18
yes no

48%
52%

Interpretation :out of 94 respondents 52.3% ( 49 respondents) said that

‘Yes’and 47.7% (45 respondents) said that ‘No’.according to the analysis
people are not well aware about the incentives there is lack of knowledge about
this between the people.

19. Have you availed any loan against insurance?

No .of respondents: 94

S.No Options Percentage

1. Yes 76.2.%(73)
2. No 23.8%(21)
 Pie chart 19
yes no

24%

76%

Interpretation :out of 94 respondents 76.2% ( 73 respondents) said that ‘Yes'

and 23.8% (21respondents) said that ‘No’.

According to the analysis people do not have enough knowledge about ir.

20. Are you aware with the new unit link plan in the market?

No .of respondents: 94

S.No Options Percentage

1. Yes 05.7%(3)
2. No 94.3%(91)
 Pie chart 20
yes no

6%

94%

Interpretation :out of 94 respondents 5.7% ( 3 respondents) said that ‘Yes' and

94.3% (91 respondents) said that ‘No’.

21. Are you satisfied with the service provided by the service agents of
LIC?

No .of respondents: 94

S.No Options Percentage

1. Satisfied 78.7%(76)
2. Not satisfied 21.3%(18)
 Pie chart 21
yes no

28%

72%

Interpretation :out of 94 respondents 78.7% ( 76 respondents) said that ‘Yes'

and 21.3% (18 respondents) said that ‘No’.

22. Are you satisfied with different types of money return policies of LIC?

No .of respondents: 94

S.No Options Percentage

1. Yes 51.3%(49)
2. No 27.3%(26)
3. Not clear 21.4%(19)
 Pie chart 22
yes no not clear

21%

51%

27%

Interpretation :out of 94 respondents 51.3% ( 49 respondents) said that ‘Yes’,

27.3% (26 respondents) said that ‘No', and 21.4%( 19 respondents) said that
‘Not clear’.

23. Does the insurance agent recommend LIC life insurance ?

No .of respondents: 94

S.No Options Percentage

1. Yes 94.7%(91)
2. No 05.3%(3)

Pie chart-23
yes no

5%

95%
Interpretation :out of 94 respondents 94.7% ( 91respondents) said that ‘Yes'
and 5.3% (3 respondents) said that ‘No’.

24. Do LIC agents provides you all the information related to the products
and charges?

No .of respondents: 94

S.No Options Percentage

1. Yes 92.7%(89)
2. No 07.3%(5)

Piie chart- 24
yes no

7%

93%

Interpretation :out of 94 respondents 92.7% ( 89 respondents) said that ‘Yes'

and 7.3% (5 respondents) said that ‘No’.

25. Do you invest in insurance plans of LIC because of tax benefits?

No .of respondents: 94

S.No Options Percentage

1. Yes 43.7%(41)
 2. No 56.3%(53)

Pie chart-25
yes no

44%

56%

Interpretation :out of 94 respondents 43.7% ( 41 respondents) said that ‘Yes'

and 56.3% (53respondents) said that ‘No’

26. Do you see any benefits of taking LIC at early age?

No .of respondents: 94

S.No Options Percentage

1. Yes 87.9%(83)
2. No 12.1%(11)
 Pie chart 26
yes no

12%

88%

Interpretation :out of 94 respondents 87.9% ( 83 respondents) said that ‘Yes'

and 12.1% (11 respondents) said that ‘No’.

27. How would you rate your current policy?

No .of respondents: 94

S.No Options Percentage

1. Good 72.3%(69)
2. Average 27.7%(25)

Pie chart 27
yes no

28%

72%

Interpretation :out of 94 respondents 72.3% ( 69 respondents) said that ‘Yes'

and 27.7% (25 respondents) said that ‘No’.
28. Are the agents of LIC cooperative?

No .of respondents: 94

S.No Options Percentage

1. Yes 86.4%(83)
2. No 13.6%(11)

Pie chart-28
yes no

14%

86%

Interpretation :out of 94 respondents 86.4% ( 83 respondents) said that ‘Yes'

and 13.6% (11 respondents) said that ‘No’.

29. Does your insurance provider has complex formalities/set of

procedures?
No .of respondents: 94

S.No Options Percentage

1. Yes 26.1%(23)
2. No 73.9%(71)

Pie chart 29
yes no

26%

74%

Interpretation :out of 94 respondents 26.1% ( 23 respondents) said that ‘Yes'

and 73.9% (71 respondents) said that ‘No’.

30. Entry of private companies has widened the scope of insurance sector in
India?

No .of respondents: 94

S.No Options Percentage

1. Yes 93.2%(89)
2. No 06.8%(5)
 Pie chart -30
yes no

7%

93%

Interpretation :out of 94 respondents 93.2% ( 89 respondents) said that ‘Yes'

and 6.8% (5 respondents) said that ‘No’.

31. Entry of private companies has affected the business of public companies?

No .of respondents: 94

Yes 93%
No 07%

yes no

7%

93%