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Assessment of the Utilization of LIC Products and Services by Policy Holders in Coimbatore District, Considering Socio-Economic Factors

Year: 2025

Type: article

Abstract: This study explores the utilization of Life Insurance Corporation (LIC) services among policyholders in Coimbatore District, focusing on the influence of socio-economic factors. The research analyzes how variables such as income, education, occupation, age, and gender impact policyholders' choices, preferences, and satisfaction levels regarding LIC's products and services. By employing a socio-economic lens, the study identifies trends and gaps in service adoption and offers insights for tailoring LIC's strategies to better cater to diverse customer segments. The findings provide a comprehensive understanding of how socio-economic determinants shape the behavior and decisions of policyholders, contributing to enhanced service delivery and policy effectiveness.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.15210807

Authors: Dr. R. A. Ayyapparajan, Dr. Vineeth Ravidas, Dr. C. Hariharasudhan, Ms. Umamaheswari N

Institutions: Emirates NBD, Nehru Arts and Science College

Language: English

Topic: Insurance and Financial Risk Management

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Reduced inequalities, No poverty

Open Access status: green

OpenAlex ID: W6930785627

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