PulseExploreJournal ClubDebatesTrendingResearchersJournals
Instagram
HomeExploreJournal ClubTrending
Synapse
⌘+K
Synapse
May 3, 20260 citationsOpen Access

A study on customer satisfaction in LIC policies with special reference to thuckalay branch

View Full Paper
MBMrs. D. Sahaya BeulaDVDr V. P. Velmurugan

Key Points

  • The aim is to analyze the level of customer satisfaction regarding Life Insurance Corporation products.
  • Analyzed customer feedback on LIC policies at Thuckalay Branch.
  • Reviewed literature on customer service in the insurance sector.
  • Investigated the role of Customer Relationship Management in customer retention.
  • Identified key factors influencing customer satisfaction with LIC policies.
  • Noted areas requiring management attention to enhance customer service.
  • Found that effective CRM practices contribute to higher customer retention rates.

Abstract

Life Insurance Corporation of India is a service sector. LIC is the largest insurance Company in India. The Government of India has nationalized life insurance industry established in 1956. LIC of India with a mission to spread the message of life insurance to rural areas. The review of literature helped in understanding the characteristics of the insurance. In order to maintain customer relationship, life insurance companies should provide proper services whenever and wherever it is required. Customer Relationship Management (CRM) is one of the innovations in customer service today. Good CRM also helps to grow business and customers stay longer referrals to new customers. In the present scenario, insurance companies are facing problem of selling insurance product. These papers are covered customer satisfaction in LIC products with special reference to Thuckalay Branch. The objective of this article is to analyze the level of satisfaction among customers in Life Insurance product. This study would enable to the management to know about the level of customer satisfaction and it helps the management, to take corrective actions.

Ask AI
Helpful
Bookmark
Share
View Full Paper

Cite This Study

Beula et al. (2018) studied this question.

synapsesocial.com/papers/69f6e5ac8071d4f1bdfc6597https://doi.org/10.14419/ijet.v7i2.33.15521
Ask AI
Helpful
Bookmark
Share
View Full Paper