Professional Documents
Culture Documents
Online ISSN-2320-0073
45
5. To know the judge and the satisfaction of the customer in using the life insurance.
DATA SOURCES AND METHODOLOGY
The primary data is very important source for to make suggestions to the title obtained. This data can
be collected in various methods like Survey, Interviewing, Feedback i.e., Group discussion etc., for
collection of primary data the survey method is used, which involved predetermined questions. The
structured questionnaire contained a list of questions framed so as to get the facts. But it involves high
risk and huge expensive method to get the facts. Surveys based on personal interviews are suitable
when detailed information to be collected. Collection of secondary data is very easy compared with
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46
The survey is conducted in Hyderabad, Warangal only due to lack of time it is not extended
to nearby districts.
Since the sample size is 100, the data may not represent the accurate results.
The views expressed by the consumers may not be 100 percent true
Opinion
YES
NO
Total No of respondents
No of respondents
92
8
100
Percentage
92
8
100
Interpretation
It is observed that 92% of the respondents believe in money planning and rest which is 8% they dont
believe in money planning.
Table 2. Various Type of Money Planning
S.NO
1
2
3
4
5
Total No of respondents
Opinion
savings
Fixed Deposit
Insurance
PPF
Others
100
No of respondents
35
15
28
7
15
100
Percentage
35
15
28
7
15
Interpretation
From the above data collected 35% respondents believe in savings, 15% in fixed deposits, 28% in
insurance, 7% in provident fund and other 15% in other money planning.
Table 3. Planning For Retirement
S.NO
1
2
Total No of respondents
Opinion
YES
NO
100
No of respondents
74
26
100
Percentage
74
26
Interpretation
It is concluded that from the above data 74% of the respondents make their money plan for their
retirement and 26% doesnt have any money plan for retirement.
The next to the cadre goes to the people between the age group of 40-50 years . This shows that
Hyundai also acts as a convenient car for adult people, followed by people using the car falling under
VOL. 3, ISSUE 3 (March 2014)
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S.NO
1
2
3
4
5
Total No of respondents
Opinion
savings
Fixed Deposit
Insurance
PPF
Others
100
No of respondents
29
7
20
29
15
100
Percentage
29
7
20
29
15
Interpretation
We are coming to a conclusion that, people who are mostly knowing about is through is any other
means of Promotion (42%), next highest is the awareness through Friends the third position is
occupied by promotion through News Paper Ads followed by Campaigning It conclude that after their
retirement opt for savings, opt fixed deposit, opt for insurance, opt provident fund and remaining opt
for other money planning.
Table 5. Important For Education Fund
S.NO
1
2
3
Total No of respondents
Opinion
Very Important
Important
Not Important
100
No of respondents
57
29
14
100
Percentage
57
29
14
Interpretation
About of the sample considered the Pre-purchase Service to be Good is followed by , considering
being Fair and about of sample considering to the Pre-purchase Service is Poor and is Very Poor.
It is observed that 57% said it is very important another 29% said it is important and remaining 14%
said it is not important.
Table 6. Importance for Marriage Fund
S.NO
1
2
3
Total No of respondents
Opinion
Very Important
Important
Not Important
100
No of respondents
48
30
22
100
Percentage
48
30
22
Interpretation
It is observed that said it is very important another 30% said it is important and remaining said it is
not important. It is concluded that of the sample is considering that the Order Processing time is
Excellent. of sample is considering that the Order Processing time offered by Hyundai Good, followed
by 11% of the sample is considering is Fair and of the sample is considering it to be Poor.
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Opinion
YES
NO
100
No of respondents
89
11
100
Percentage
89
11
Interpretation
From the above collected data of the respondents are aware of insurance and of the respondents are
not aware of insurance, it is conclude that most of them knew about insurance It is concluded that of
the sample is considering that the Payment terms is Excellent and Good.of the sample is considering
that the Payment terms to be Fair and of the sample is considering is Poor and of the sample is
considering it to be very poor.
Table 8. Insurance is needed for Your Family
S.NO
1
2
Total No of respondents
Opinion
YES
NO
100
No of respondents
73
27
100
Percentage
73
27
Interpretation
In my survey 73% of the respondents said that they need insurance for their family and the
remaining 27% think it is not necessary. It is concluded that 52% of the sample is considering that the
Credit facilities is Excellent. 26% of the sample is considering that the Credit facilities are Good and
22% of the sample is considering it to be Poor.
Table 9. Number of Policy Holders in Different Life Insurance Companies
S.NO
1
2
Total No of respondents
Opinion
YES
NO
100
No of respondents
68
32
100
Percentage
68
32
Interpretation
It is observed that 68% of the respondents are issued and remaining 32% of them are not insured. We
have come to the conclusion that the Quality of service at workshop provided by is Excellent About
39% of the sample is considering the services to be Good, followed by of the respondents are
considering the service is Fair. The least percentage i.e., of the sample is considering the service as
Poor
Table 10. Importance of Insurance Policy
S.NO
1
2
3
4
5
Opinion
Protection for Dependents
Protection for Education
Protection fro Marriage
Protection for Estate Duties
Others
Total No of respondents
No of respondents
22
18
12
5
11
100
Percentage
32.3
26.4
17.6
7.3
16.4
100
Interpretation
From the above data 33% of the policy holders take the policy to protect his/her dependents, 26% of
them protection for education fund, 18% of them protection for marriage fund, 7% of them protection
for Estate duties and remaining for other facilities.
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49
No of respondents Percentage
29
42.6
8
11.7
18
26.4
12
19.3
100
100
Interpretation
From the above data the percentage of respondents are attracted by seeing interest and dividend are
43% customer service 12% various plans , Others 18%.
FINDINGS
In saving for future need 92% of the people are agreed for savings and remaining 8% of the
survey most of the people are unmarried
For saving their money 35% 9of the people select banks28% of them are go to life insurance,
15% of them go to FDS and 7% of them are go to PPF. For the, most of the people are
educated, remaining marriage and other needs.
In preference of saving 30% of the response go for short term benefits, because they spend
their money for entertainment and remaining marriage and other needs.
For retirement life 74% of the response are agreed, because most of them are private
employees and they planned for their old age, remaining 26% of them are not planning their
retirement.
In the matter of life insurance most of the people prefer this, because they want security for
their family and remaining are not comment.
In the process of multiplying and saving the life most of the people are feel it is a commitment
and remaining are nit commented.
In the process of paying premiums in life most of the people are feel it is a commitment and
remaining are not commented.
For the security of their life most of the people are saving the large amount in thei9r income
and remaining are saving a little amount.
In rating moist of the people given first preference to their life cover because it is most useful
for their family after his/her death some people given second preference for their health and
accidental benefits and some mote prefer childrens welfare.
IN the process of priority of financial requirements most of the people planning to for house
some people planning to game the same income even after their retirement and some people
are plan for their childrens welfare.
When we asked about different products In life insurance most of the people respond
positively because they believe it is secure their life and some they dont comment.
In the survey most of the people are feel they are exactly insured, and remaining people are
under insurer.
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