PERCEPTION OF HOUSEHOLDS ABOUT THE MICRO INSURANCE

SCHEME: A STUDY OF HERAGU VILLAGE, HASSAN

DISSERTATION SUBMITTED TO THE

UNIVERSITY OF MYSORE

For the partial fulfillment of the award of the Degree of

MASTER OF COMMERCE

Submitted by:

DEVARAJU B.N.

Reg.No:CM141907

UNIVERSITY OF MYSORE

DEPOARTMENT OF COMMERECE

POST GRADUATE CENTRE

HEMEGANGOTHRI, HASSAN

2016
 UNIVERSITY OF MYSORE
JAGADEESHA D.K. Department of studies in commerce
Post graduate centre
Hemagangotri, Hassan, 573220.

CERTIFICATE

Certified that this project work titled “PERCEPTION OF HOUSEHOLDS

ABOUT THE MICRO INSURANCE SCHEME: A STUDY OF HERAGU

VILLAGE, HASSAN” is prepared by Mr. DEVARAJU B.N (Roll No. CM141907)

under my guidance and supervision, at the Department of Studies in Commerce,

University of Mysore, Post Graduate Centre, Hemagangotri, Hassan. To the best of

my knowledge this is the original work and has not been submitted for the award of

any other degree or diploma.

(JAGADEESHA D.K.)

Place: Hassan. Project Supervisor.

Date: 01st June 2016

COUNTER SIGNED

(T.S.DEVARAJA)

Director of Post Graduate Centre,

Hemagangothri, Hassan.
 DECLARATION

I hereby declare that this dissertation entitled “PERCEPTION OF

HOUSEHOLDS ABOUT THE MICRO INSURANCE SCHEME: A STUDY OF

HERAGU VILLAGE, HASSAN” is carried out under the guidance of Jagadeesha

D.K. Department of Studies in Commerce, University of Mysore, Post Graduate

Centre, Hemagangothri, Hassan. This dissertation is the product of my Original

work and has not formed the basis for the award of any other degree.

Place : Hemagangothri, Hassan.

Date: 01ST June 2016 Devaraju B.N.

REG.No.CM141907.
 ACKNOWLEDGEMENT

I am highly grateful to Dr. Yashavantha Dongre, Professor of

Commerce, P.G. Centre, Hemagangothri, and Mr. Jagadeesha D.K. Department of

Commerce, P.G. Centre, Hemagangothri, for their help and guidance throughout

the preparation of this dissertation. I thank to Ms. Priya B.M. and all faculty

members for their help and support.

I fondly remember the love and support I have received by my father Sri

Narendrachar, mother Smt. Vasanthakumari, and my Brother Chandrashekar B.N.

and Sharath C.

I gratefully remember my friends Lekhna H.V, Madhu A.M, Suresha

H.M, Suma and Gajendrakumar, Yathisha V.P, for their encouragement.

I would like to say thank to all the respondents those who are spending

their valuable time and provide a grateful information for my study and also

thanks to those who are directly and indirectly supported me to complete my

project report within the prescribed timing and for their encouragement.

Place : Hemagangothri, Hassan. Devaraju B.N.

Date : 01st June 2016 REG.No.CM141907.

 CONTENTS

CHAPTER TITLE Page No.

CHAPTER – 01: INTRODUCTION …………………………………… 01-08

1.1 The Context:

1.2 Statement of Problem:

1.3 Structure of the Study:

1.4 Review of Literature:
1.5 Objectives of the Study:
1.6 Research Methodology and Study Area Selection:
1.7 Data Collection:
1.8 Limitation of the Study:

CHAPTER – 02: MICRO INSURANCE IN INDIA AN OVERVIEW….09-41

2.1 The Origins of Insurance:

2.2 History of Micro insurance In India:

2.3 Meaning and Defining Micro Insurance:

2.4 Micro Insurance in India:

2.5 Characteristics of Micro Insurance:

2.6 Micro Insurance & Social Security:
2.7 Growth of Micro Insurance in India:

2.8 Report Analysis:

2.9 New Micro Insurance Regulation in India:

2.10 Different Micro Insurance Schemes in India:

CHAPTER – 03: INTRODUCTION OR PROFILE OF THE STUDY
AREA AND RESPONDENTS…………………………………………42-50
3.1 Village Profile:

3.1.1 Population Structure of the Village:

3.1.2 House Hold Structure:

3.1.3 Literacy Level:

3.1.4 Occupational Structure:

3.2 Respondents Profile:

3.2.1 The Sample Group

3.2.2 Age Group:

3.2.3 Income Level:

3.2.4 Occupation:

3.2.5 Education Level of the Respondents:

3.2.6 Family Size of the Respondents:

CHAPTER – 04: PERCEPTION ANALYSIS OF THE HOUSE HOLDS…51-62

4.1 Scheme Adequately Published:

4.2 Scheme Is Easily Accessible:
4.3 Membership Procedural Formalities Are Very Easy And
Friendly:
4.4 Premium Is Affordable (Reasonable):
4.5 Relief Under Scheme Is Quick And Timely:
4.6 Suitable For Our Requirements:
4.7 Claim Settlements Procedures Are Simple:
4.8 Membership Renewal Done Regularly:
4.9 The Scheme Has Helped In Reducing Financial distress:
4.10 I Wish To Continue the Membership under the Scheme
And Also Advice Others to Join:
CHAPTER - 05: SUMMARY SUGGESTIONS AND CONCLUSION…..63-69

5.1 Summary of the Findings.

5.2 Suggestion.

5.3 Conclusion.

APPENDIX-01: QUESTIONNAIRE …………………………………….

BIBLIOGRAPHY ………………………………………………………….
 LIST OF TABLES

TABLE NO TITLE PAGENO.

2.1 New Business under Micro Insurance Portfolio 2009-10 ……….. 21

2.2 New Business under Micro Insurance Portfolio 2011-12 …………23

2.3 New Business under Micro Insurance Portfolio 2012-13 …………25

3.1.1 Population Structure ………………………………………….……44

3.1.2 House Hold Structure ………………………………………………45

3.1.3 Literacy Level ………………………………………………………45

3.1.4 Occupational Structure ……………………………………………46

3.2.1 The Sample Group ………………………………………………..47

3.2.2 Age Group of the Respondents …………………………..……….47

3.2.3 Income Level of the Respondents ………………………………...48

3.2.4 Occupation Structure of the Respondents ………………............49

3.2.6 Land Holding Pattern ……………………………………….........50

3.2.6 Respondents Family Size …………………………….…………....50

4.1 The Sample Group.………………………………………………....52

4.2 Scheme Adequately Published ……………………………….........53

4.3 Scheme Easily Accessible …………………………………….….54

4.4 Membership Simple and Friendly ………………………...............55

4.5 Premium Is Affordable ………………………………………...….56

4.6 Quick and Timely ……………………………………………….…..57

4.7 Suitability ………………………………………………………..….58

4.8 Claim Settlement …………………………………………………....59

4.9 Membership Procedures…………………………………………....60

4.10 Helpful To Reduce Financial Distress …………………………....61

4.11 Membership continuation ……………………………………........62