Investors’ preference towards Life Insurance Corporation of India

Abstract

    Investments are both important and useful in the context of present day conditions of the economy.  It is a common saying “One paisa saved is one paisa earned”.    Life is a roller coaster ride and is full of twists and turns. Insurance policies are to safeguard against the uncertainties of life.    The insurance principle comes to be more and more used and useful in modern affairs. Not only does it serve the ends of individuals, or groups, it tends to pervade and to transform modern social order, too. At this juncture, the extent to which Life Insurance goes to attract the investors has been undertaken in this study. The analysis of the data evidenced that  investment were not determined by either income or education of the respondents, instead they understood the necessity of investment in life insurance for their future requirements which is said to be forced Investment. So, it has been concluded that making sound investment decision requires both knowledge and skill apart from other factors. 

Key words: Life Insurance, Capital formation, Monolithic Institution, Uncertainties, Financial cushion, Forced investment