Comparative Analysis Of Term Insurance Plans In The Indian Life Insurance Sector:A Study Of Public And
DOI:
https://doi.org/10.64675/Keywords:
Term Insurance, Public Sector Insurance, Private Sector Insurance, Life Insurance, Comparative Analysis, Insurance Premiums, Coverage Amounts, Claim Settlement Ratio, Customer Satisfaction, Insurance Market, Policy Tenure, India.Abstract
This study provides a comparative analysis of term insurance plans offered by
public and private sector life insurance companies in India. Term insurance is
one of the most affordable and straightforward life insurance products,
providing financial security to the policyholder’s family in case of an
untimely demise. The research aims to evaluate and compare the key features
of term insurance products, such as premiums, coverage amounts, policy
tenures, and additional benefits offered by both public and private insurance
providers. Additionally, the study will analyze the claim settlement ratios,
customer satisfaction, and the overall market performance of term insurance
plans across different sectors. The comparative analysis will highlight the
differences in pricing, benefits, and accessibility between public and private
sector offerings, helping consumers make informed decisions. The findings
aim to offer insights into how the competitive dynamics between public and
private insurers shape the Indian life insurance market
