This document summarizes a study on customer perception of health insurance products in Imphal City, Manipur, India. It discusses the purpose of studying customer awareness, perceptions, and buying behaviors related to health insurance. It also reviews past literature on topics like health insurance awareness and perception, factors that influence health insurance penetration, and the importance of the insurance industry providing education and ensuring transparent claim settlement processes. The document concludes by noting that health insurance falls under the service industry and discusses relevant aspects of the marketing mix for services.
The document discusses the need for health insurance in India to move beyond only covering hospitalization and toward financing primary care and chronic conditions. Currently about half the population lacks access to any health financing. As India's disease burden shifts to non-communicable diseases, outpatient funding becomes increasingly important. The rising prevalence of chronic conditions also calls for insurance that provides long-term coverage rather than excluding pre-existing illnesses. The paper focuses on developing insurance frameworks for chronic disease management and elderly care.
The document discusses a study that investigated the relationship between various factors of ULIP investors and their financial goals for opting into Unit Linked Insurance Plans. Specifically, it examined the relationship between investors' age, marital status, family type, education level, employment nature, and their primary financial goals. Survey data was collected from 550 ULIP customers and analyzed using chi-square tests. The results indicated significant relationships between marital status, age, education, employment, and family type with the primary financial goal for opting into ULIP plans. The authors suggest further studying how investor tendencies to switch options are influenced.
Healthcare management status of indian states aninterstate comparison of th...IAEME Publication
The document is a research paper that analyzes the status of public healthcare management across Indian states using a multi-criteria decision making (MCDM) approach. It ranks the states based on 30 indicators related to healthcare outcomes and resources. The paper uses the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) MCDM method, which identifies ideal and negative-ideal solutions to rank the states based on their distance from these solutions while accounting for the relative weight of each indicator. The paper concludes that states in South India rank higher in terms of public healthcare management compared to other parts of the country.
Healthcare management status of indian statesiaemedu
The document is a research paper that analyzes the status of public healthcare management across Indian states using a multi-criteria decision making (MCDM) approach. It ranks the states based on 30 indicators related to healthcare outcomes and resources. The paper uses the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) MCDM method, which identifies ideal and negative-ideal solutions to rank the states based on their distance from these solutions while accounting for the relative weight of each indicator. The paper concludes that states in South India rank higher in terms of public healthcare management compared to other parts of the country.
An analytical study on investors’ awareness and perception towards the hedge ...iaemedu
The document is a research paper that analyzes the status of public healthcare management across Indian states using a multi-criteria decision making (MCDM) approach. It ranks the states based on 30 indicators related to healthcare outcomes and resources. The paper uses the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) MCDM method, which identifies ideal and negative-ideal solutions to rank the states based on their distance from these solutions while accounting for the relative weight of each indicator. The paper concludes that states in South India rank higher in terms of public healthcare management compared to other parts of the country.
The Report is a brief overview of Healthcare Insurance Market in India. It covers Market Size and Forecasts, Competitive Structure, Growth Analysis, Impact Analysis and Recommendations.
Navigating the Health Financing Challenge in India: Lessons from Mutuals, Coo...HFG Project
This document discusses community-based microinsurance programs in India that provide health insurance to low-income households. It notes that while India has seen the growth of various government-funded insurance schemes and commercial insurance, it has also witnessed the rise of community-based microinsurance programs initiated by mutuals, cooperatives, and community organizations. These programs aim to address the needs of those at the bottom of the socioeconomic pyramid. The document highlights that such community-owned insurance models promote inclusion by tapping into community groups. It also notes that these initiatives often take a holistic approach to building community resilience. In less than 3 sentences.
The document discusses the need for health insurance in India to move beyond only covering hospitalization and toward financing primary care and chronic conditions. Currently about half the population lacks access to any health financing. As India's disease burden shifts to non-communicable diseases, outpatient funding becomes increasingly important. The rising prevalence of chronic conditions also calls for insurance that provides long-term coverage rather than excluding pre-existing illnesses. The paper focuses on developing insurance frameworks for chronic disease management and elderly care.
The document discusses a study that investigated the relationship between various factors of ULIP investors and their financial goals for opting into Unit Linked Insurance Plans. Specifically, it examined the relationship between investors' age, marital status, family type, education level, employment nature, and their primary financial goals. Survey data was collected from 550 ULIP customers and analyzed using chi-square tests. The results indicated significant relationships between marital status, age, education, employment, and family type with the primary financial goal for opting into ULIP plans. The authors suggest further studying how investor tendencies to switch options are influenced.
Healthcare management status of indian states aninterstate comparison of th...IAEME Publication
The document is a research paper that analyzes the status of public healthcare management across Indian states using a multi-criteria decision making (MCDM) approach. It ranks the states based on 30 indicators related to healthcare outcomes and resources. The paper uses the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) MCDM method, which identifies ideal and negative-ideal solutions to rank the states based on their distance from these solutions while accounting for the relative weight of each indicator. The paper concludes that states in South India rank higher in terms of public healthcare management compared to other parts of the country.
Healthcare management status of indian statesiaemedu
The document is a research paper that analyzes the status of public healthcare management across Indian states using a multi-criteria decision making (MCDM) approach. It ranks the states based on 30 indicators related to healthcare outcomes and resources. The paper uses the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) MCDM method, which identifies ideal and negative-ideal solutions to rank the states based on their distance from these solutions while accounting for the relative weight of each indicator. The paper concludes that states in South India rank higher in terms of public healthcare management compared to other parts of the country.
An analytical study on investors’ awareness and perception towards the hedge ...iaemedu
The document is a research paper that analyzes the status of public healthcare management across Indian states using a multi-criteria decision making (MCDM) approach. It ranks the states based on 30 indicators related to healthcare outcomes and resources. The paper uses the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) MCDM method, which identifies ideal and negative-ideal solutions to rank the states based on their distance from these solutions while accounting for the relative weight of each indicator. The paper concludes that states in South India rank higher in terms of public healthcare management compared to other parts of the country.
The Report is a brief overview of Healthcare Insurance Market in India. It covers Market Size and Forecasts, Competitive Structure, Growth Analysis, Impact Analysis and Recommendations.
Navigating the Health Financing Challenge in India: Lessons from Mutuals, Coo...HFG Project
This document discusses community-based microinsurance programs in India that provide health insurance to low-income households. It notes that while India has seen the growth of various government-funded insurance schemes and commercial insurance, it has also witnessed the rise of community-based microinsurance programs initiated by mutuals, cooperatives, and community organizations. These programs aim to address the needs of those at the bottom of the socioeconomic pyramid. The document highlights that such community-owned insurance models promote inclusion by tapping into community groups. It also notes that these initiatives often take a holistic approach to building community resilience. In less than 3 sentences.
Micro Insurance Portfolio of public and private sector insurance companiesRaja Ram
Insurance is one of the emerging and growing sectors in India. The micro-insurance portfolio has made steady progress. More life insurers have commenced their micro-insurance operations and many new products are being introduced every year. Micro-insurance business was procured largely under the group portfolio. Life Insurance Corporation of India contributed the most both in terms of policies sold and number of micro-insurance agents. Insurance companies are now offering already approved products as micro-insurance products with the approval of the authority, if the sum assured for the product is within the range prescribed for micro-insurance. With this aspect the present paper made an attempt to discuss about micro insurance portfolio of individual as well as group by public and private sectors insurance companies.
This study will help analyze the Recitation of the two types of insurance companies
and to take remedial measures in the sphere of their insurance products. Today, in this
liberalized world, in order to sustain good Recitation, the insurance companies have to ensure
quality products at a competitive price. Companies can lower the price of the product by
reducing the cost. Their survival depends upon their policyholder policyholder’s recitation of
public and private sector general insurance industry in Structural Equation Model (SEM)
approach in the chosen study area. The study has to evaluate the policyholder’s perception
towards non-life insurance industry.
STUDY OF HEALCARE FACILITIES AND ACCESS TO HEALTHCARE IN BADSHAHIBAGH AND NEA...Md Kashif Alam
The document discusses a study on healthcare facilities and access to healthcare in Badshahibagh and nearby villages in India. It provides an overview of the growing Indian healthcare industry, including key statistics on market size, government initiatives, and investments in the sector. The study aims to understand the opportunities and challenges for investors looking to establish healthcare facilities in rural areas and will analyze collected survey data to make recommendations.
KNOWLEDGE, AWARENESS AND PERCEPTION OF HEALTH INSURANCE AMONG INSURED IN A TE...IAEME Publication
The document summarizes a study that assessed the knowledge, awareness, and perception of health insurance among insured patients at a tertiary care hospital in India. The study found that most respondents (92%) were insured, while only 8% were uninsured. It also found that only a few (12%) of insured respondents did not know how much policy coverage was for hospital charges. Additionally, 27% of insured respondents had chosen a health insurance policy to avail good quality treatment. The results indicate that most people are not aware of the process for initiating cashless hospitalization. The study concludes that insurance companies, third-party administrators, and hospitals need to collaborate to address these issues.
Market understanding of healthcare industry in 1 tier cities of indiaNaman Soni
The presentation shows the Market understanding of healthcare industry in a few cities. This tells what could be done with the information about tests, hospitals, doctors present in a city. it basically focuses on increasing the transparency between producers and consumers in this industry.
The document discusses the healthcare market in India. It notes that the Indian healthcare market is expected to grow strongly, reaching $280 billion by 2020 due to rising incomes, greater health awareness, and increasing insurance penetration. The market is split into five key segments - hospitals, pharmaceuticals, diagnostics, medical equipment and supplies, and medical insurance. Hospitals currently account for 71% of total healthcare revenues in India.
- The Indian healthcare sector is expected to grow at a CAGR of 22.87% until 2020 to reach $280 billion. Rising incomes, increasing health awareness, and changing attitudes towards preventive healthcare are driving demand.
- Private sector participation is significant, accounting for around 74% of total healthcare expenditure. Large private sector investments are contributing to the development of hospitals.
- Per capita healthcare expenditure has risen at a CAGR of 5% between 2008-2015 driven by economic growth, insurance penetration, and improved access and quality of facilities. However, India still lags global standards on healthcare access and spending.
Future Watch Report - India 2017, part II: Accessible and precision healthcar...Team Finland Future Watch
Future Watch - Signals from India –series opens up seven identified key trends that affect the future of India in various levels. The signals are driving a change in society, culture and economy and, at the same time, opening new opportunities for businesses. The second part of the signal series is #Accessible and precision healthcare for all, new innovations.
Following key trends to be published soon in Signals from India –series:
#Work for All: and required skills
#Accessible and precision heath care for all, new innovations
#Women empowerment, growing role of women
#Elected dictatorship - win or lose for the country
#Environment - access to drinking water
#Ethics of AI
#Change in family fabric – social isolation, insecure individuals
11.service quality assessment in insurance sector a comparative study between...Alexander Decker
This document summarizes a research study that assessed service quality in the insurance sectors of India and China. The study developed a valid and reliable instrument to measure customer perceptions of service quality across six dimensions: assurance, personalized financial planning, competence, corporate image, tangibles, and technology. While both countries operate in similar service environments, the study found that customer responses to these service quality components differed between the two countries. The document provides background on the growth of the insurance industries in India and China and reviews literature on previous studies measuring service quality in various service sectors and countries.
TechEmerge Webinar, Understanding the Basics: HealthTech in Indiahealth2dev
This document provides an overview of the healthcare industry in India through presentations from various experts. It discusses that while insurance penetration and health statistics are currently low in India, there are significant opportunities for innovation to address problems. The healthcare industry is large and growing, with increasing private sector investment and expansion into rural areas. Major trends include a shift to non-communicable diseases, emerging telemedicine, and growing private equity interest. The document breaks down spending on various healthcare segments and technologies such as hospitals, diagnostics, medical devices, and healthcare IT. It also outlines challenges foreign companies face in understanding and entering the Indian market successfully.
Indian Healthcare Medical Devices IndustryAklanta Kalita
The Indian healthcare industry is growing due to factors such as a rising middle class and increasing income and life expectancy. However, there is a mismatch between healthcare demand and supply, with most services concentrated in urban areas while most of the population lives in rural areas. This document outlines several opportunities in the Indian healthcare industry, including expanding infrastructure through public-private partnerships, increasing access through telemedicine, promoting medical tourism due to lower costs, expanding health insurance coverage, and growing the medical devices market through both imports and local production.
This document provides an overview of health insurance in India, including what it is, its importance, and common products. It discusses how health insurance works by pooling risks collectively. It outlines the rising costs of healthcare as a driver for health insurance penetration. Common plan types include individual, family floater, senior citizens, critical illness, daily hospital cash, and unit-linked plans. It also discusses government schemes like ESIS and CGHS, as well as community-based and employer-provided insurance options. Impediments to the industry like lack of data, pricing challenges, and government provision of care are also covered.
The document provides an overview of the Indian healthcare industry and infrastructure. It notes that the industry is growing rapidly at 17% CAGR and is projected to reach $280 billion by 2020. Key drivers of growth include rising incomes, health awareness, lifestyle diseases, and insurance penetration. However, healthcare spending and infrastructure in India remains low compared to global standards. The private sector dominates healthcare delivery, accounting for around 80% of total spending. The government is taking initiatives to boost diagnostic infrastructure through public-private partnerships.
Customer perception towards max newyork life insurancemalay srivastava
This document provides the table of contents for a market survey report on customer perception towards Max Newyork Life Insurance. The document outlines 12 chapters, including an introduction, company profile, research methodology, data analysis and interpretation, findings, conclusion, and limitations. It also provides context on the insurance industry and life insurance importance. The introduction describes that the survey was conducted in Moradabad city with 50 respondents to analyze customer perception through a questionnaire.
The document provides details about Praveen Kumar Pandey's summer internship project at Bharti AXA Life Insurance Co. Ltd. It includes an introduction to the insurance industry and Bharti AXA, the objectives of the project, methodology used which was a questionnaire, and outlines of the report chapters which will cover the company profile, research methodology, findings, conclusion and recommendations.
Cutomer perception and attitude towards bajaj allianz project reportBabasab Patil
The document provides an executive summary of a study conducted on Bajaj Allianz Life Insurance Company.
[1] It outlines the objectives of studying customer awareness, perception and attitude towards the company. Primary and secondary research methods were used.
[2] Key findings indicate over 50% awareness of the company through agents. Existing customers are satisfied with benefits and rate services positively.
[3] Recommendations include improving promotional activities and education initiatives to increase brand recognition and address customer concerns around security.
anaalysis of life insurance buyers perception towards private life insurance ...Harish Hari
This document discusses a research paper analyzing Indian consumers' perceptions of private life insurance companies and policies. It provides background on the history and development of the life insurance industry in India. The study aims to understand how perceptions differ between private and public insurance providers, given that private insurers recently entered the market. It outlines the problem statement, objectives, methodology, hypotheses, and limitations of the research.
A project report on consumer perception towards nandini milkBabasab Patil
This document provides an overview of the dairy industry in India and the company profile of the Karnataka Milk Federation (KMF) and Raichur Bijapur Karnataka Milk Producers Union Limited (RBKMUL). It discusses the history and development of the dairy industry in India. It also outlines the objectives, organizational structure and operations of KMF, one of the largest milk cooperatives in India. RBKMUL is one of 13 milk unions affiliated with KMF, responsible for milk procurement, processing and marketing in its region. The document contains executive summaries of a study on consumer perception of Nandini milk, the brand marketed by KMF.
A Study/Project on Customer Perception towards Titan Products by Titan Indust...Aditya Gupta
It's a project report I had made for my BBM degree recently. I'm a Marketing Student so I made a project on "Customer Perception towards Titan Products by Titan Industries".
I'm uploading because I din't find any projects to help me out while I was making my project, so I hope it will help you guys out!
A project report on customer perception towards insuranceProjects Kart
The document provides an introduction and overview of the insurance industry in India. It discusses the history and evolution of insurance from ancient times to its nationalization in India in the 1950s. It also summarizes the key types of insurance like life and non-life insurance. The insurance industry in India is categorized into public and private sector for both life and non-life insurance. It provides a breakdown of the major players in both life and non-life insurance sectors in India.
Micro Insurance Portfolio of public and private sector insurance companiesRaja Ram
Insurance is one of the emerging and growing sectors in India. The micro-insurance portfolio has made steady progress. More life insurers have commenced their micro-insurance operations and many new products are being introduced every year. Micro-insurance business was procured largely under the group portfolio. Life Insurance Corporation of India contributed the most both in terms of policies sold and number of micro-insurance agents. Insurance companies are now offering already approved products as micro-insurance products with the approval of the authority, if the sum assured for the product is within the range prescribed for micro-insurance. With this aspect the present paper made an attempt to discuss about micro insurance portfolio of individual as well as group by public and private sectors insurance companies.
This study will help analyze the Recitation of the two types of insurance companies
and to take remedial measures in the sphere of their insurance products. Today, in this
liberalized world, in order to sustain good Recitation, the insurance companies have to ensure
quality products at a competitive price. Companies can lower the price of the product by
reducing the cost. Their survival depends upon their policyholder policyholder’s recitation of
public and private sector general insurance industry in Structural Equation Model (SEM)
approach in the chosen study area. The study has to evaluate the policyholder’s perception
towards non-life insurance industry.
STUDY OF HEALCARE FACILITIES AND ACCESS TO HEALTHCARE IN BADSHAHIBAGH AND NEA...Md Kashif Alam
The document discusses a study on healthcare facilities and access to healthcare in Badshahibagh and nearby villages in India. It provides an overview of the growing Indian healthcare industry, including key statistics on market size, government initiatives, and investments in the sector. The study aims to understand the opportunities and challenges for investors looking to establish healthcare facilities in rural areas and will analyze collected survey data to make recommendations.
KNOWLEDGE, AWARENESS AND PERCEPTION OF HEALTH INSURANCE AMONG INSURED IN A TE...IAEME Publication
The document summarizes a study that assessed the knowledge, awareness, and perception of health insurance among insured patients at a tertiary care hospital in India. The study found that most respondents (92%) were insured, while only 8% were uninsured. It also found that only a few (12%) of insured respondents did not know how much policy coverage was for hospital charges. Additionally, 27% of insured respondents had chosen a health insurance policy to avail good quality treatment. The results indicate that most people are not aware of the process for initiating cashless hospitalization. The study concludes that insurance companies, third-party administrators, and hospitals need to collaborate to address these issues.
Market understanding of healthcare industry in 1 tier cities of indiaNaman Soni
The presentation shows the Market understanding of healthcare industry in a few cities. This tells what could be done with the information about tests, hospitals, doctors present in a city. it basically focuses on increasing the transparency between producers and consumers in this industry.
The document discusses the healthcare market in India. It notes that the Indian healthcare market is expected to grow strongly, reaching $280 billion by 2020 due to rising incomes, greater health awareness, and increasing insurance penetration. The market is split into five key segments - hospitals, pharmaceuticals, diagnostics, medical equipment and supplies, and medical insurance. Hospitals currently account for 71% of total healthcare revenues in India.
- The Indian healthcare sector is expected to grow at a CAGR of 22.87% until 2020 to reach $280 billion. Rising incomes, increasing health awareness, and changing attitudes towards preventive healthcare are driving demand.
- Private sector participation is significant, accounting for around 74% of total healthcare expenditure. Large private sector investments are contributing to the development of hospitals.
- Per capita healthcare expenditure has risen at a CAGR of 5% between 2008-2015 driven by economic growth, insurance penetration, and improved access and quality of facilities. However, India still lags global standards on healthcare access and spending.
Future Watch Report - India 2017, part II: Accessible and precision healthcar...Team Finland Future Watch
Future Watch - Signals from India –series opens up seven identified key trends that affect the future of India in various levels. The signals are driving a change in society, culture and economy and, at the same time, opening new opportunities for businesses. The second part of the signal series is #Accessible and precision healthcare for all, new innovations.
Following key trends to be published soon in Signals from India –series:
#Work for All: and required skills
#Accessible and precision heath care for all, new innovations
#Women empowerment, growing role of women
#Elected dictatorship - win or lose for the country
#Environment - access to drinking water
#Ethics of AI
#Change in family fabric – social isolation, insecure individuals
11.service quality assessment in insurance sector a comparative study between...Alexander Decker
This document summarizes a research study that assessed service quality in the insurance sectors of India and China. The study developed a valid and reliable instrument to measure customer perceptions of service quality across six dimensions: assurance, personalized financial planning, competence, corporate image, tangibles, and technology. While both countries operate in similar service environments, the study found that customer responses to these service quality components differed between the two countries. The document provides background on the growth of the insurance industries in India and China and reviews literature on previous studies measuring service quality in various service sectors and countries.
TechEmerge Webinar, Understanding the Basics: HealthTech in Indiahealth2dev
This document provides an overview of the healthcare industry in India through presentations from various experts. It discusses that while insurance penetration and health statistics are currently low in India, there are significant opportunities for innovation to address problems. The healthcare industry is large and growing, with increasing private sector investment and expansion into rural areas. Major trends include a shift to non-communicable diseases, emerging telemedicine, and growing private equity interest. The document breaks down spending on various healthcare segments and technologies such as hospitals, diagnostics, medical devices, and healthcare IT. It also outlines challenges foreign companies face in understanding and entering the Indian market successfully.
Indian Healthcare Medical Devices IndustryAklanta Kalita
The Indian healthcare industry is growing due to factors such as a rising middle class and increasing income and life expectancy. However, there is a mismatch between healthcare demand and supply, with most services concentrated in urban areas while most of the population lives in rural areas. This document outlines several opportunities in the Indian healthcare industry, including expanding infrastructure through public-private partnerships, increasing access through telemedicine, promoting medical tourism due to lower costs, expanding health insurance coverage, and growing the medical devices market through both imports and local production.
This document provides an overview of health insurance in India, including what it is, its importance, and common products. It discusses how health insurance works by pooling risks collectively. It outlines the rising costs of healthcare as a driver for health insurance penetration. Common plan types include individual, family floater, senior citizens, critical illness, daily hospital cash, and unit-linked plans. It also discusses government schemes like ESIS and CGHS, as well as community-based and employer-provided insurance options. Impediments to the industry like lack of data, pricing challenges, and government provision of care are also covered.
The document provides an overview of the Indian healthcare industry and infrastructure. It notes that the industry is growing rapidly at 17% CAGR and is projected to reach $280 billion by 2020. Key drivers of growth include rising incomes, health awareness, lifestyle diseases, and insurance penetration. However, healthcare spending and infrastructure in India remains low compared to global standards. The private sector dominates healthcare delivery, accounting for around 80% of total spending. The government is taking initiatives to boost diagnostic infrastructure through public-private partnerships.
Customer perception towards max newyork life insurancemalay srivastava
This document provides the table of contents for a market survey report on customer perception towards Max Newyork Life Insurance. The document outlines 12 chapters, including an introduction, company profile, research methodology, data analysis and interpretation, findings, conclusion, and limitations. It also provides context on the insurance industry and life insurance importance. The introduction describes that the survey was conducted in Moradabad city with 50 respondents to analyze customer perception through a questionnaire.
The document provides details about Praveen Kumar Pandey's summer internship project at Bharti AXA Life Insurance Co. Ltd. It includes an introduction to the insurance industry and Bharti AXA, the objectives of the project, methodology used which was a questionnaire, and outlines of the report chapters which will cover the company profile, research methodology, findings, conclusion and recommendations.
Cutomer perception and attitude towards bajaj allianz project reportBabasab Patil
The document provides an executive summary of a study conducted on Bajaj Allianz Life Insurance Company.
[1] It outlines the objectives of studying customer awareness, perception and attitude towards the company. Primary and secondary research methods were used.
[2] Key findings indicate over 50% awareness of the company through agents. Existing customers are satisfied with benefits and rate services positively.
[3] Recommendations include improving promotional activities and education initiatives to increase brand recognition and address customer concerns around security.
anaalysis of life insurance buyers perception towards private life insurance ...Harish Hari
This document discusses a research paper analyzing Indian consumers' perceptions of private life insurance companies and policies. It provides background on the history and development of the life insurance industry in India. The study aims to understand how perceptions differ between private and public insurance providers, given that private insurers recently entered the market. It outlines the problem statement, objectives, methodology, hypotheses, and limitations of the research.
A project report on consumer perception towards nandini milkBabasab Patil
This document provides an overview of the dairy industry in India and the company profile of the Karnataka Milk Federation (KMF) and Raichur Bijapur Karnataka Milk Producers Union Limited (RBKMUL). It discusses the history and development of the dairy industry in India. It also outlines the objectives, organizational structure and operations of KMF, one of the largest milk cooperatives in India. RBKMUL is one of 13 milk unions affiliated with KMF, responsible for milk procurement, processing and marketing in its region. The document contains executive summaries of a study on consumer perception of Nandini milk, the brand marketed by KMF.
A Study/Project on Customer Perception towards Titan Products by Titan Indust...Aditya Gupta
It's a project report I had made for my BBM degree recently. I'm a Marketing Student so I made a project on "Customer Perception towards Titan Products by Titan Industries".
I'm uploading because I din't find any projects to help me out while I was making my project, so I hope it will help you guys out!
A project report on customer perception towards insuranceProjects Kart
The document provides an introduction and overview of the insurance industry in India. It discusses the history and evolution of insurance from ancient times to its nationalization in India in the 1950s. It also summarizes the key types of insurance like life and non-life insurance. The insurance industry in India is categorized into public and private sector for both life and non-life insurance. It provides a breakdown of the major players in both life and non-life insurance sectors in India.
This document is a dissertation submitted by Ajay Paranzpe to D.Y. Patil University in partial fulfillment of the requirements for a Master's degree in Business Administration. The dissertation examines customer perception towards life insurance policies. It includes chapters on the history and development of life insurance, profiles of life insurance organizations, analysis and interpretation of research findings, and conclusions and recommendations. The dissertation utilizes questionnaires and surveys to understand how consumers select, organize, and interpret the service and product quality of different life insurance policies offered by various companies.
Consumer Behavior And Awareness Towards Health Insurance-Minor Research Projectniharikayadav26
This document summarizes a minor research project conducted by students at Prestige Institute of Management and Research on consumer behavior and awareness towards health insurance policies. It includes an acknowledgement section thanking those involved in the project. It also includes a declaration by the students stating the work is original. A faculty guide certification is provided. The document outlines the various chapters that will be included, such as an introduction, literature review, research methodology, data analysis and interpretation, findings, conclusion and suggestions. Tables of demographic data and health insurance purchasing behavior are previewed.
Healthcare management status of indian statesiaemedu
This document summarizes a research article that analyzes the status of public healthcare management across Indian states using a multi-criteria decision making (MCDM) approach. The researchers ranked the states based on multiple healthcare parameters using the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) method. A literature review found that most prior work focused on specific healthcare issues rather than comparing progress across states. The study aims to fill this gap by evaluating and ranking states on their public healthcare management performance. The conclusions indicate that states in South India performed better than other parts of the country in terms of public healthcare management.
Healthcare management status of indian states aninterstate comparison of th...IAEME Publication
The document is a research paper that analyzes the status of public healthcare management across Indian states using a multi-criteria decision making (MCDM) approach. It ranks the states based on 30 indicators related to healthcare outcomes and resources. The paper uses the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) MCDM method, which identifies ideal and negative-ideal solutions to rank the states based on their distance from these solutions while accounting for the relative weight of each indicator. The paper concludes that states in South India rank higher in terms of public healthcare management compared to other parts of the country.
This document is a project report on a study about awareness and willingness to pay for health insurance in Durgapur, West Bengal. It includes an abstract, introduction, literature review, objectives, hypotheses, methodology, and results from surveys of 200 individuals. Chi-square tests and factor analysis were used to analyze the data. Key findings included low levels of health insurance awareness and willingness to pay, and factors like gender, age, education and income affecting willingness. The conclusion discusses determinants of awareness and recommends how to increase health insurance uptake.
Project Synopsis -A STUDY ON AWARENESS OF HEALTH INSURANCE PRODUCTS AND
CLAIM SETTLEMENT PROCESS WITH REFERENCE TO THE
UNITED INDIA INSURANCE COMPANY LIMITED
An Analytical Study On Indian Health Insurance Sector And Its SustainabilityBrittany Allen
This document provides an analytical study of the Indian health insurance sector and its sustainability over the past 7 years. It finds that premium collection has grown 42% annually, policies have increased by 20.35% annually through compound growth, and members have grown by 36.84%, though this growth is not statistically significant. The regulatory environment has become more competitive with new players entering the market and awareness rising among consumers. Third party administrators now facilitate cashless payments and provider networks to reduce costs for insurance companies while improving access and ease of use for consumers. Overall the sector is transforming significantly.
Challenges faced by Health Insurance industry in India and some suggestions to overcome these challenges. with conceptual clarity about health insurance sector.
Life Insurance Corporation of India: A Studyscmsnoida5
Life insurance Corporation of India was a sole
player in Life Insurance business in India; it
was only after privatization Life insurance
Corporation of India faced competition in life
insurance Business. Life insurance Corporation
of India also faced impact over there performance
in Life Insurance Industry. The paper aims to find
out the impact of privatization on Life Insurance
Corporation of India. The prime focus of paper
is to analyse the positive and negative aspects of
privatization on Life Insurance Corporation of
India. The paper concludes with certain sets of
recommendation that can be considered by Life
Insurance Corporation of India to deal with
privatization and its impact on life insurance
business.
Australia vs India: Health care insuranceVedica Sethi
Health care insurance: A Comparative overview.
The retrospective review focuses on the timeline of Healthcare systems and development of Healthcare Insurance policies of India and Australia. The review also includes
the consensus and impact of Healthcare legislature in India and Australia and offers a
comparison to the development in the BRICS countries.
Micro Insurance in India: A Gizmo to Vehicle Economic Development & Alleviate...iosrjce
The conditions for growth and the degree of inequality are two key factors that determine the extent of
poverty reduction from per capita economic growth. The lower the inequality levels the more positive effect
economic growth has on poverty levels. The link between economic development and human development is
dependent on the effectiveness of countries to convert income into better lives for all their citizens (UNDP
2000). The international development target of halving the proportion of people living in extreme poverty by
2015 can be attained by low-inequality countries without any change in their growth pattern and with lower
growth rates. However, high-inequality countries will only reach the target if growth is pro-poor and
significantly higher than in the past (twice that of low-inequality countries). If all countries belonged to the lowinequality
group then a forecasted growth of four per cent per annum would realize the target as early as 2005
(Hanmer et al 2000). So, this paper explores the idea of development and reduction of poverty, vulnerability and
inequality by micro insurance in India.
Micro insurance portfolio of public and private sector insurance companiesRAVICHANDIRANG
Insurance is one of the emerging and growing sectors in India. The micro-insurance portfolio has made steady progress. More life insurers have commenced their micro-insurance operations and many new products are being introduced every year. Micro-insurance business was procured largely under the group portfolio. Life Insurance Corporation of India contributed the most both in terms of policies sold and number of micro-insurance agents. Insurance companies are now offering already approved products as micro-insurance products with the approval of the authority, if the sum assured for the product is within the range prescribed for micro-insurance. With this aspect the present paper made an attempt to discuss about micro insurance portfolio of individual as well as group by public and private sectors insurance companies.
MICRO INSURANCE PORTFOLIO OF PUBLIC AND PRIVATE SECTOR INSURANCE COMPANIESRAVICHANDIRANG
Insurance is one of the emerging and growing sectors in India. The micro-insurance portfolio has made steady progress. More life insurers have commenced their micro-insurance operations and many new products are being introduced every year. Micro-insurance business was procured largely under the group portfolio. Life Insurance Corporation of India contributed the most both in terms of policies sold and number of micro-insurance agents. Insurance companies are now offering already approved products as micro-insurance products with the approval of the authority, if the sum assured for the product is within the range prescribed for micro-insurance. With this aspect the present paper made an attempt to discuss about micro insurance portfolio of individual as well as group by public and private sectors insurance companies.
89 micro insurance portfolio of public and private sector insurance companieschelliah paramasivan
This document discusses the micro insurance portfolios of public and private sector insurance companies in India from 2009-2014. It provides data on the number of policies, premium amounts, and number of lives covered for both individual and group micro insurance products. For public insurers, it shows that over 150 million policies were sold individually, generating over Rs. 56,000 crores in premiums. For groups, over 267,000 schemes were implemented, insuring over 400 million lives and generating Rs. 27,500 crores in premiums. Private insurers saw around 3.7 million individual policies sold, generating Rs. 4,486 crores, and over 467 group schemes implemented, insuring over 51 million lives and premiums
Understanding the dynamics interaction within indonesia healthcare competitionAlexander Decker
The document analyzes the dynamics of competition within Indonesia's healthcare industry. It finds that:
1) The bargaining power of consumers is low due to price discrimination, lack of information, and integration among providers.
2) Substitutions for healthcare services exist but are limited by high prices, provider steering, and insurance restrictions.
3) Providers have strong bargaining power through concentration, price discrimination between patients, and integration between hospitals, insurers, and diagnostic service providers.
The competitive dynamics in Indonesia's healthcare industry appear to result in unhealthy competition and limit benefits for consumers and society. Further policy reforms are needed to encourage healthier competition.
A study on the scope and problems of marketing medical insurance inAlexander Decker
This document summarizes a study on the scope and problems of marketing medical insurance in Chennai, India. The study aimed to understand awareness of medical insurance among residents and factors influencing their purchase decisions. Surveys were conducted with 120 samples across three constituencies. Key findings include: 1) Most respondents had good awareness of insurance companies and policies; 2) High treatment costs was a major reason for purchasing insurance; 3) Many felt insurance provides no returns or has high premiums; 4) Over 73% of policies were held by those over age 45. Individual, organizational and societal factors like age, awareness, price and social trends significantly influenced purchase decisions. Steps to expand the market include targeting young families, improving education and trust, and
A study on the scope and problems of marketing medical insurance inAlexander Decker
This document summarizes a study on the scope and problems of marketing medical insurance in Chennai, India. The study examined consumer awareness, attitudes, and factors influencing the purchase decision of medical insurance. Surveys were conducted with 120 respondents in Chennai. The findings show high consumer awareness but low purchase rates, with cost and lack of perceived need as barriers. Individual demographic factors like age and marital status influenced purchase decisions along with organizational factors like price and promotion. Increasing social awareness and healthcare costs were also influential. Steps are recommended to increase marketing and education efforts targeting different groups.
The insurance companies have to ensure quality products at a competitive price. Companies can
lower the price of the product by reducing the cost. Their survival depends upon their policy-holders. The
policy-holders become confident of not losing much when an accident or uncertainty takes place. On the
report of the insured about an accident the company officials send surveyors to assess the loss caused to
the policy-holders. However, as several of the insurance providers are international companies having
made their presence felt in several countries, the service provided by them is a reflection of the experience
gained by them across the globe, and in that sense, the findings may be generalised to a great extent.
The insurance companies have to ensure quality products at a competitive price. Companies can
lower the price of the product by reducing the cost. Their survival depends upon their policy-holders. The
policy-holders become confident of not losing much when an accident or uncertainty takes place. On the
report of the insured about an accident the company officials send surveyors to assess the loss caused to
the policy-holders. However, as several of the insurance providers are international companies having
made their presence felt in several countries, the service provided by them is a reflection of the experience
gained by them across the globe, and in that sense, the findings may be generalised to a great extent.
ANALYSIS OF GROWTH OF LIFE INSURANCE INDUSTRY IN INDIA A COMPARATIVE STUDY ...Rhonda Cetnar
The document analyzes the growth of India's life insurance industry from 2001-2018 through metrics like total premium, first year premium, and number of policies for both public (LIC) and private insurers. It finds that while LIC remains the market leader, private insurers have grown rapidly since liberalization, with their first year premium increasing from Rs. 6.45 crore in 2000-2001 to Rs. 59,482.21 crore in 2017-2018. Total life insurance premium for the industry reached Rs. 458,809.44 crore in 2017-2018, up from Rs. 418,476.62 crore the previous year. The study estimates that premiums for both LIC and
The document discusses the service sector in India. Some key points:
1) The service sector now accounts for over half (51.16%) of India's GDP, growing from agriculture and industry. This marks a shift to a more developed economy model.
2) Within services, trade and transportation have seen increasing shares of GDP while construction has remained steady.
3) Some economists caution that unchecked service sector growth without corresponding industrial growth could distort the economy.
4) Strong customer satisfaction is vital in the service industry where intangibles are sold. Insurance companies must focus on both sales and customer service.
Similar to Customer perception of health insurance hi products a study in (20)
Submission Deadline: 30th September 2022
Acceptance Notification: Within Three Days’ time period
Online Publication: Within 24 Hrs. time Period
Expected Date of Dispatch of Printed Journal: 5th October 2022
MODELING AND ANALYSIS OF SURFACE ROUGHNESS AND WHITE LATER THICKNESS IN WIRE-...IAEME Publication
White layer thickness (WLT) formed and surface roughness in wire electric discharge turning (WEDT) of tungsten carbide composite has been made to model through response surface methodology (RSM). A Taguchi’s standard Design of experiments involving five input variables with three levels has been employed to establish a mathematical model between input parameters and responses. Percentage of cobalt content, spindle speed, Pulse on-time, wire feed and pulse off-time were changed during the experimental tests based on the Taguchi’s orthogonal array L27 (3^13). Analysis of variance (ANOVA) revealed that the mathematical models obtained can adequately describe performance within the parameters of the factors considered. There was a good agreement between the experimental and predicted values in this study.
A STUDY ON THE REASONS FOR TRANSGENDER TO BECOME ENTREPRENEURSIAEME Publication
The study explores the reasons for a transgender to become entrepreneurs. In this study transgender entrepreneur was taken as independent variable and reasons to become as dependent variable. Data were collected through a structured questionnaire containing a five point Likert Scale. The study examined the data of 30 transgender entrepreneurs in Salem Municipal Corporation of Tamil Nadu State, India. Simple Random sampling technique was used. Garrett Ranking Technique (Percentile Position, Mean Scores) was used as the analysis for the present study to identify the top 13 stimulus factors for establishment of trans entrepreneurial venture. Economic advancement of a nation is governed upon the upshot of a resolute entrepreneurial doings. The conception of entrepreneurship has stretched and materialized to the socially deflated uncharted sections of transgender community. Presently transgenders have smashed their stereotypes and are making recent headlines of achievements in various fields of our Indian society. The trans-community is gradually being observed in a new light and has been trying to achieve prospective growth in entrepreneurship. The findings of the research revealed that the optimistic changes are taking place to change affirmative societal outlook of the transgender for entrepreneurial ventureship. It also laid emphasis on other transgenders to renovate their traditional living. The paper also highlights that legislators, supervisory body should endorse an impartial canons and reforms in Tamil Nadu Transgender Welfare Board Association.
BROAD UNEXPOSED SKILLS OF TRANSGENDER ENTREPRENEURSIAEME Publication
Since ages gender difference is always a debatable theme whether caused by nature, evolution or environment. The birth of a transgender is dreadful not only for the child but also for their parents. The pain of living in the wrong physique and treated as second class victimized citizen is outrageous and fully harboured with vicious baseless negative scruples. For so long, social exclusion had perpetuated inequality and deprivation experiencing ingrained malign stigma and besieged victims of crime or violence across their life spans. They are pushed into the murky way of life with a source of eternal disgust, bereft sexual potency and perennial fear. Although they are highly visible but very little is known about them. The common public needs to comprehend the ravaged arrogance on these insensitive souls and assist in integrating them into the mainstream by offering equal opportunity, treat with humanity and respect their dignity. Entrepreneurship in the current age is endorsing the gender fairness movement. Unstable careers and economic inadequacy had inclined one of the gender variant people called Transgender to become entrepreneurs. These tiny budding entrepreneurs resulted in economic transition by means of employment, free from the clutches of stereotype jobs, raised standard of living and handful of financial empowerment. Besides all these inhibitions, they were able to witness a platform for skill set development that ignited them to enter into entrepreneurial domain. This paper epitomizes skill sets involved in trans-entrepreneurs of Thoothukudi Municipal Corporation of Tamil Nadu State and is a groundbreaking determination to sightsee various skills incorporated and the impact on entrepreneurship.
DETERMINANTS AFFECTING THE USER'S INTENTION TO USE MOBILE BANKING APPLICATIONSIAEME Publication
The banking and financial services industries are experiencing increased technology penetration. Among them, the banking industry has made technological advancements to better serve the general populace. The economy focused on transforming the banking sector's system into a cashless, paperless, and faceless one. The researcher wants to evaluate the user's intention for utilising a mobile banking application. The study also examines the variables affecting the user's behaviour intention when selecting specific applications for financial transactions. The researcher employed a well-structured questionnaire and a descriptive study methodology to gather the respondents' primary data utilising the snowball sampling technique. The study includes variables like performance expectations, effort expectations, social impact, enabling circumstances, and perceived risk. Each of the aforementioned variables has a major impact on how users utilise mobile banking applications. The outcome will assist the service provider in comprehending the user's history with mobile banking applications.
ANALYSE THE USER PREDILECTION ON GPAY AND PHONEPE FOR DIGITAL TRANSACTIONSIAEME Publication
Technology upgradation in banking sector took the economy to view that payment mode towards online transactions using mobile applications. This system enabled connectivity between banks, Merchant and user in a convenient mode. there are various applications used for online transactions such as Google pay, Paytm, freecharge, mobikiwi, oxygen, phonepe and so on and it also includes mobile banking applications. The study aimed at evaluating the predilection of the user in adopting digital transaction. The study is descriptive in nature. The researcher used random sample techniques to collect the data. The findings reveal that mobile applications differ with the quality of service rendered by Gpay and Phonepe. The researcher suggest the Phonepe application should focus on implementing the application should be user friendly interface and Gpay on motivating the users to feel the importance of request for money and modes of payments in the application.
VOICE BASED ATM FOR VISUALLY IMPAIRED USING ARDUINOIAEME Publication
The prototype of a voice-based ATM for visually impaired using Arduino is to help people who are blind. This uses RFID cards which contain users fingerprint encrypted on it and interacts with the users through voice commands. ATM operates when sensor detects the presence of one person in the cabin. After scanning the RFID card, it will ask to select the mode like –normal or blind. User can select the respective mode through voice input, if blind mode is selected the balance check or cash withdraw can be done through voice input. Normal mode procedure is same as the existing ATM.
IMPACT OF EMOTIONAL INTELLIGENCE ON HUMAN RESOURCE MANAGEMENT PRACTICES AMONG...IAEME Publication
There is increasing acceptability of emotional intelligence as a major factor in personality assessment and effective human resource management. Emotional intelligence as the ability to build capacity, empathize, co-operate, motivate and develop others cannot be divorced from both effective performance and human resource management systems. The human person is crucial in defining organizational leadership and fortunes in terms of challenges and opportunities and walking across both multinational and bilateral relationships. The growing complexity of the business world requires a great deal of self-confidence, integrity, communication, conflict and diversity management to keep the global enterprise within the paths of productivity and sustainability. Using the exploratory research design and 255 participants the result of this original study indicates strong positive correlation between emotional intelligence and effective human resource management. The paper offers suggestions on further studies between emotional intelligence and human capital development and recommends for conflict management as an integral part of effective human resource management.
VISUALISING AGING PARENTS & THEIR CLOSE CARERS LIFE JOURNEY IN AGING ECONOMYIAEME Publication
Our life journey, in general, is closely defined by the way we understand the meaning of why we coexist and deal with its challenges. As we develop the "inspiration economy", we could say that nearly all of the challenges we have faced are opportunities that help us to discover the rest of our journey. In this note paper, we explore how being faced with the opportunity of being a close carer for an aging parent with dementia brought intangible discoveries that changed our insight of the meaning of the rest of our life journey.
A STUDY ON THE IMPACT OF ORGANIZATIONAL CULTURE ON THE EFFECTIVENESS OF PERFO...IAEME Publication
The main objective of this study is to analyze the impact of aspects of Organizational Culture on the Effectiveness of the Performance Management System (PMS) in the Health Care Organization at Thanjavur. Organizational Culture and PMS play a crucial role in present-day organizations in achieving their objectives. PMS needs employees’ cooperation to achieve its intended objectives. Employees' cooperation depends upon the organization’s culture. The present study uses exploratory research to examine the relationship between the Organization's culture and the Effectiveness of the Performance Management System. The study uses a Structured Questionnaire to collect the primary data. For this study, Thirty-six non-clinical employees were selected from twelve randomly selected Health Care organizations at Thanjavur. Thirty-two fully completed questionnaires were received.
Living in 21st century in itself reminds all of us the necessity of police and its administration. As more and more we are entering into the modern society and culture, the more we require the services of the so called ‘Khaki Worthy’ men i.e., the police personnel. Whether we talk of Indian police or the other nation’s police, they all have the same recognition as they have in India. But as already mentioned, their services and requirements are different after the like 26th November, 2008 incidents, where they without saving their own lives has sacrificed themselves without any hitch and without caring about their respective family members and wards. In other words, they are like our heroes and mentors who can guide us from the darkness of fear, militancy, corruption and other dark sides of life and so on. Now the question arises, if Gandhi would have been alive today, what would have been his reaction/opinion to the police and its functioning? Would he have some thing different in his mind now what he had been in his mind before the partition or would he be going to start some Satyagraha in the form of some improvement in the functioning of the police administration? Really these questions or rather night mares can come to any one’s mind, when there is too much confusion is prevailing in our minds, when there is too much corruption in the society and when the polices working is also in the questioning because of one or the other case throughout the India. It is matter of great concern that we have to thing over our administration and our practical approach because the police personals are also like us, they are part and parcel of our society and among one of us, so why we all are pin pointing towards them.
A STUDY ON TALENT MANAGEMENT AND ITS IMPACT ON EMPLOYEE RETENTION IN SELECTED...IAEME Publication
The goal of this study was to see how talent management affected employee retention in the selected IT organizations in Chennai. The fundamental issue was the difficulty to attract, hire, and retain talented personnel who perform well and the gap between supply and demand of talent acquisition and retaining them within the firms. The study's main goals were to determine the impact of talent management on employee retention in IT companies in Chennai, investigate talent management strategies that IT companies could use to improve talent acquisition, performance management, career planning and formulate retention strategies that the IT firms could use. The respondents were given a structured close-ended questionnaire with the 5 Point Likert Scale as part of the study's quantitative research design. The target population consisted of 289 IT professionals. The questionnaires were distributed and collected by the researcher directly. The Statistical Package for Social Sciences (SPSS) was used to collect and analyse the questionnaire responses. Hypotheses that were formulated for the various areas of the study were tested using a variety of statistical tests. The key findings of the study suggested that talent management had an impact on employee retention. The studies also found that there is a clear link between the implementation of talent management and retention measures. Management should provide enough training and development for employees, clarify job responsibilities, provide adequate remuneration packages, and recognise employees for exceptional performance.
ATTRITION IN THE IT INDUSTRY DURING COVID-19 PANDEMIC: LINKING EMOTIONAL INTE...IAEME Publication
Globally, Millions of dollars were spent by the organizations for employing skilled Information Technology (IT) professionals. It is costly to replace unskilled employees with IT professionals possessing technical skills and competencies that aid in interconnecting the business processes. The organization’s employment tactics were forced to alter by globalization along with technological innovations as they consistently diminish to remain lean, outsource to concentrate on core competencies along with restructuring/reallocate personnel to gather efficiency. As other jobs, organizations or professions have become reasonably more appropriate in a shifting employment landscape, the above alterations trigger both involuntary as well as voluntary turnover. The employee view on jobs is also afflicted by the COVID-19 pandemic along with the employee-driven labour market. So, having effective strategies is necessary to tackle the withdrawal rate of employees. By associating Emotional Intelligence (EI) along with Talent Management (TM) in the IT industry, the rise in attrition rate was analyzed in this study. Only 303 respondents were collected out of 350 participants to whom questionnaires were distributed. From the employees of IT organizations located in Bangalore (India), the data were congregated. A simple random sampling methodology was employed to congregate data as of the respondents. Generating the hypothesis along with testing is eventuated. The effect of EI and TM along with regression analysis between TM and EI was analyzed. The outcomes indicated that employee and Organizational Performance (OP) were elevated by effective EI along with TM.
INFLUENCE OF TALENT MANAGEMENT PRACTICES ON ORGANIZATIONAL PERFORMANCE A STUD...IAEME Publication
By implementing talent management strategy, organizations would have the option to retain their skilled professionals while additionally working on their overall performance. It is the course of appropriately utilizing the ideal individuals, setting them up for future top positions, exploring and dealing with their performance, and holding them back from leaving the organization. It is employee performance that determines the success of every organization. The firm quickly obtains an upper hand over its rivals in the event that its employees having particular skills that cannot be duplicated by the competitors. Thus, firms are centred on creating successful talent management practices and processes to deal with the unique human resources. Firms are additionally endeavouring to keep their top/key staff since on the off chance that they leave; the whole store of information leaves the firm's hands. The study's objective was to determine the impact of talent management on organizational performance among the selected IT organizations in Chennai. The study recommends that talent management limitedly affects performance. On the off chance that this talent is appropriately management and implemented properly, organizations might benefit as much as possible from their maintained assets to support development and productivity, both monetarily and non-monetarily.
A STUDY OF VARIOUS TYPES OF LOANS OF SELECTED PUBLIC AND PRIVATE SECTOR BANKS...IAEME Publication
Banking regulations act of India, 1949 defines banking as “acceptance of deposits for the purpose of lending or investment from the public, repayment on demand or otherwise and withdrawable through cheques, drafts order or otherwise”, the major participants of the Indian financial system are commercial banks, the financial institution encompassing term lending institutions. Investments institutions, specialized financial institution and the state level development banks, non banking financial companies (NBFC) and other market intermediaries such has the stock brokers and money lenders are among the oldest of the certain variants of NBFC and the oldest market participants. The asset quality of banks is one of the most important indicators of their financial health. The Indian banking sector has been facing severe problems of increasing Non- Performing Assets (NPAs). The NPAs growth directly and indirectly affects the quality of assets and profitability of banks. It also shows the efficiency of banks credit risk management and the recovery effectiveness. NPA do not generate any income, whereas, the bank is required to make provisions for such as assets that why is a double edge weapon. This paper outlines the concept of quality of bank loans of different types like Housing, Agriculture and MSME loans in state Haryana of selected public and private sector banks. This study is highlighting problems associated with the role of commercial bank in financing Small and Medium Scale Enterprises (SME). The overall objective of the research was to assess the effect of the financing provisions existing for the setting up and operations of MSMEs in the country and to generate recommendations for more robust financing mechanisms for successful operation of the MSMEs, in turn understanding the impact of MSME loans on financial institutions due to NPA. There are many research conducted on the topic of Non- Performing Assets (NPA) Management, concerning particular bank, comparative study of public and private banks etc. In this paper the researcher is considering the aggregate data of selected public sector and private sector banks and attempts to compare the NPA of Housing, Agriculture and MSME loans in state Haryana of public and private sector banks. The tools used in the study are average and Anova test and variance. The findings reveal that NPA is common problem for both public and private sector banks and is associated with all types of loans either that is housing loans, agriculture loans and loans to SMES. NPAs of both public and private sector banks show the increasing trend. In 2010-11 GNPA of public and private sector were at same level it was 2% but after 2010-11 it increased in many fold and at present there is GNPA in some more than 15%. It shows the dark area of Indian banking sector.
EXPERIMENTAL STUDY OF MECHANICAL AND TRIBOLOGICAL RELATION OF NYLON/BaSO4 POL...IAEME Publication
An experiment conducted in this study found that BaSO4 changed Nylon 6's mechanical properties. By changing the weight ratios, BaSO4 was used to make Nylon 6. This Researcher looked into how hard Nylon-6/BaSO4 composites are and how well they wear. Experiments were done based on Taguchi design L9. Nylon-6/BaSO4 composites can be tested for their hardness number using a Rockwell hardness testing apparatus. On Nylon/BaSO4, the wear behavior was measured by a wear monitor, pinon-disc friction by varying reinforcement, sliding speed, and sliding distance, and the microstructure of the crack surfaces was observed by SEM. This study provides significant contributions to ultimate strength by increasing BaSO4 content up to 16% in the composites, and sliding speed contributes 72.45% to the wear rate
ROLE OF SOCIAL ENTREPRENEURSHIP IN RURAL DEVELOPMENT OF INDIA - PROBLEMS AND ...IAEME Publication
The majority of the population in India lives in villages. The village is the back bone of the country. Village or rural industries play an important role in the national economy, particularly in the rural development. Developing the rural economy is one of the key indicators towards a country’s success. Whether it be the need to look after the welfare of the farmers or invest in rural infrastructure, Governments have to ensure that rural development isn’t compromised. The economic development of our country largely depends on the progress of rural areas and the standard of living of rural masses. Village or rural industries play an important role in the national economy, particularly in the rural development. Rural entrepreneurship is based on stimulating local entrepreneurial talent and the subsequent growth of indigenous enterprises. It recognizes opportunity in the rural areas and accelerates a unique blend of resources either inside or outside of agriculture. Rural entrepreneurship brings an economic value to the rural sector by creating new methods of production, new markets, new products and generate employment opportunities thereby ensuring continuous rural development. Social Entrepreneurship has the direct and primary objective of serving the society along with the earning profits. So, social entrepreneurship is different from the economic entrepreneurship as its basic objective is not to earn profits but for providing innovative solutions to meet the society needs which are not taken care by majority of the entrepreneurs as they are in the business for profit making as a sole objective. So, the Social Entrepreneurs have the huge growth potential particularly in the developing countries like India where we have huge societal disparities in terms of the financial positions of the population. Still 22 percent of the Indian population is below the poverty line and also there is disparity among the rural & urban population in terms of families living under BPL. 25.7 percent of the rural population & 13.7 percent of the urban population is under BPL which clearly shows the disparity of the poor people in the rural and urban areas. The need to develop social entrepreneurship in agriculture is dictated by a large number of social problems. Such problems include low living standards, unemployment, and social tension. The reasons that led to the emergence of the practice of social entrepreneurship are the above factors. The research problem lays upon disclosing the importance of role of social entrepreneurship in rural development of India. The paper the tendencies of social entrepreneurship in India, to present successful examples of such business for providing recommendations how to improve situation in rural areas in terms of social entrepreneurship development. Indian government has made some steps towards development of social enterprises, social entrepreneurship, and social in- novation, but a lot remains to be improved.
OPTIMAL RECONFIGURATION OF POWER DISTRIBUTION RADIAL NETWORK USING HYBRID MET...IAEME Publication
Distribution system is a critical link between the electric power distributor and the consumers. Most of the distribution networks commonly used by the electric utility is the radial distribution network. However in this type of network, it has technical issues such as enormous power losses which affect the quality of the supply. Nowadays, the introduction of Distributed Generation (DG) units in the system help improve and support the voltage profile of the network as well as the performance of the system components through power loss mitigation. In this study network reconfiguration was done using two meta-heuristic algorithms Particle Swarm Optimization and Gravitational Search Algorithm (PSO-GSA) to enhance power quality and voltage profile in the system when simultaneously applied with the DG units. Backward/Forward Sweep Method was used in the load flow analysis and simulated using the MATLAB program. Five cases were considered in the Reconfiguration based on the contribution of DG units. The proposed method was tested using IEEE 33 bus system. Based on the results, there was a voltage profile improvement in the system from 0.9038 p.u. to 0.9594 p.u.. The integration of DG in the network also reduced power losses from 210.98 kW to 69.3963 kW. Simulated results are drawn to show the performance of each case.
APPLICATION OF FRUGAL APPROACH FOR PRODUCTIVITY IMPROVEMENT - A CASE STUDY OF...IAEME Publication
Manufacturing industries have witnessed an outburst in productivity. For productivity improvement manufacturing industries are taking various initiatives by using lean tools and techniques. However, in different manufacturing industries, frugal approach is applied in product design and services as a tool for improvement. Frugal approach contributed to prove less is more and seems indirectly contributing to improve productivity. Hence, there is need to understand status of frugal approach application in manufacturing industries. All manufacturing industries are trying hard and putting continuous efforts for competitive existence. For productivity improvements, manufacturing industries are coming up with different effective and efficient solutions in manufacturing processes and operations. To overcome current challenges, manufacturing industries have started using frugal approach in product design and services. For this study, methodology adopted with both primary and secondary sources of data. For primary source interview and observation technique is used and for secondary source review has done based on available literatures in website, printed magazines, manual etc. An attempt has made for understanding application of frugal approach with the study of manufacturing industry project. Manufacturing industry selected for this project study is Mahindra and Mahindra Ltd. This paper will help researcher to find the connections between the two concepts productivity improvement and frugal approach. This paper will help to understand significance of frugal approach for productivity improvement in manufacturing industry. This will also help to understand current scenario of frugal approach in manufacturing industry. In manufacturing industries various process are involved to deliver the final product. In the process of converting input in to output through manufacturing process productivity plays very critical role. Hence this study will help to evolve status of frugal approach in productivity improvement programme. The notion of frugal can be viewed as an approach towards productivity improvement in manufacturing industries.
A MULTIPLE – CHANNEL QUEUING MODELS ON FUZZY ENVIRONMENTIAEME Publication
In this paper, we investigated a queuing model of fuzzy environment-based a multiple channel queuing model (M/M/C) ( /FCFS) and study its performance under realistic conditions. It applies a nonagonal fuzzy number to analyse the relevant performance of a multiple channel queuing model (M/M/C) ( /FCFS). Based on the sub interval average ranking method for nonagonal fuzzy number, we convert fuzzy number to crisp one. Numerical results reveal that the efficiency of this method. Intuitively, the fuzzy environment adapts well to a multiple channel queuing models (M/M/C) ( /FCFS) are very well.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
2. International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 -
6510(Online), Volume 4, Issue 3, May- June (2013)
83
1. INTRODUCTION
Even in the healthiest of families, if one member has an accident (or falls sick) the
resulting medical expenses can affect the financial and economic stability of the whole
family. The impact depends, in part, on whether the injured person was insured, the size of
the bills, and the family’s income and other resources (Uninsurance, 2002). With Healthcare
financing still a vex issue; the burden of health care spending is passed on to the individual
concern. Financial constraint is a bottle neck for funding Universal Healthcare. Tax-payers’
money can’t pay for healthcare as life expectancy is increasing (Shetty, 2012).
Insufficient public health provision has compelled the population to turn to private
health providers pushing out of pocket (OOP) spending higher. In India OOP spending is
over four times higher than the public spending on health care (Choudhury, 2012). OOP
spending by households occupies about 72% of the total health expenditure (WHR, 2006) and
it pushes 2.2 percent of the population below the poverty line each year (Peters, A S, R S, G
N V, L H, & A, 2002). OOP expenditures aggravate poverty for those living in both rural and
urban, with more severity (though the impact is felt more) in rural areas (Garg & Karan,
2009). Alternate financing strategy through health insurance (HI) can be an effective option
(Churchill, 2007). Health insurance coverage can give a cushion to impeding financial and
economic burden of a family.
WHO (World Health Organization) considers health insurance a promising means for
achieving universal health-care coverage (WHO, 2010). In India, only 10 percent Indian has
some form of health insurance, mostly inadequate. In terms of the market share, the size of
the commercial insurance is barely 1% of the total health spending in the country. The Indian
health insurance scenario is a mix of mandatory social health insurance (SHI), voluntary
private health insurance and community-based health insurance (CBHI). Health insurance is
thus really a minor player in the health ecosystem (Dhar, 2012).
With the enactment of the Insurance Regulatory Development Authority of India
(IRDA), the industry now has a regulatory framework to protect the interests of policy
holders. Stricter regulatory framework is required as is evident in countries where Health
Insurance (HI) plays a dominant role in financing of health expenditures (IRDA, 2003). New
initiatives like Health Insurance (HI) portability can make it more users friendly. Further
reforms like increasing the FDI cap to 49% and reducing capital requirement for health
insurers from the present Rs. 100 to Rs. 50 crores may invite more players in Health
Insurance (HI) and increase the level of Health Insurance (HI) penetration (TOI, 2012).
2. PURPOSE OF THE STUDY
Consumerism, Changes in the Demographic Profile of the consumers, Changes in
Life Style etc, all these factors will have an impact on the overall demand for better health
care services including Health Insurance (HI). The ultimate burden for these health care
services will be passed on to the general public. If the general public is aware of Health
Insurance (HI), it can play a bigger role in reducing this impeding burden of Health care
expenses. In this perspective this paper “Customer perception of Health Insurance (HI)
Products: A study in Imphal City, Manipur (India)” was carried out.
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3. REVIEW OF LITERATURE
Awareness and Perception: Many studies have been carried out to understand the awareness
and perception of Health Insurance. For a consumer to be interested in an offering, the
consumer must have awareness of the offering and find it acceptable, available at the right
time and place, and affordable (J.N. Seth, R.S. Sisodia, 2008). A study conducted in Bahraich
District, Uttar Pradesh has clearly highlighted that respondent’s perception towards insurance
and savings and their understanding of the benefits are still nascent. Out of all types of
insurance, awareness for Life insurance (38 percent) is by far, the highest followed by vehicle
insurance (15%) and property insurance (10%) (Constella, 2008). It is estimated that only
about 3% to 5% of Indians are covered under any form of health insurance (Rao, 2005). In
their study found out that the need for education for rural and urban population was alike on
the concept of health information which is a crucial aspect on extending awareness about
health insurance on a large-scale (Gumber A, 2000).
Bhatt, Professor, Finance and Accounting at IIM, Ahmadabad writes that the
penetration of insurance critically depends on the availability of insurance products and
services (Bhatt & Jain, 2006). Almost 79 per cent of health expenditure is borne by private
bodies and the rest by the public. Authors argue that to stimulate private health insurance
growth, the Indian government should recognize health insurance as a separate line of
business and distinguish it from other non-life insurance (Gupta, 2007). If Parliament
approves the recent increase in FDI cap of 49%, the change in law is expected to come as a
huge boon for the health insurance business (TOI, 2012).
With entry of Private players in Insurance Industry in India, aggressive promotion has
resulted in growth of this sector. However, no one in the industry is taking responsibility to
develop knowledge and awareness of health insurance among the public nor is specific
expertise in health insurance being developed within the private sector, an expertise that is
essential to dealing effectively with providers of health care services. Because of this absence
of specific capacity, Indian companies writing health insurance seem to have focused on
controlling claims payout by following strategies designed to minimize the insured person’s
ability to collect on claims. Because of these practices health insurance has become one of the
largest litigation areas for insurers, exceeded only by motor third party cases (Mathur, Vol
VIII No. 1 January - March 2011). Spread of awareness of all information for health policies
and claim settlement procedure thereof must be ensured by service providers (USAID, 2008).
Also more knowledge about health insurance will help them in making an informed choice
about their purchase (Bhatt & Jain, 2006).
Service Industry: Health Insurance is a service industry. A person taking up a policy is
going to be a customer for 15/20 years, any good or bad experience echoes good and bad
messages to other probable customers. For most first time buyers it is the brand of the
company which acts a catalyst for buying any product/service. Blackshaw identifies six
drivers to brand credibility as trust, authenticity, transparency, listening, responsiveness and
affirmation (Blackshaw, 2008). Health Insurance (HI) falls under the ambit of Service Sector.
A glimpse of 7Ps of marketing mix for service industry is represented in the Figure below.
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Figure 2
The Marketing Mix
Product management, New product development,
Branding ,Packaging
} Product
Pricing ,Discount structures, Terms of business } Price
Advertising , Sales promotion, Public relations,
Personal selling , Merchandising
} Promotion
Channel management, Customer service,
Physical distribution
} Place
Employee selection, Employee training,
Employee motivation
} People
Layout, Décor, Ease of access, Forms of
presentation
} Physical Evidence
How customers are handled and managed from
the point of very first contact with the
organization through to the point of very last
contact
} Process Management
Source: Adapted from (Wilson & Gilligan, 2001)
Agents: Private Health Insurance (HI) in India is based on the partner – agent model and
insurance agents are important stakeholder between the Insurer and the Clients. Insurance
agents are the main source of information about HI schemes (Vellakkal, 2009).
4. OBJECTIVE OF THE STUDY
The main objective of this study is to determine the customer perception of Health
Insurance (HI) Products in Imphal City. In doing so, the article aims to study
(i) The major source of money to finance the bill in case a family member falls ill.
(ii). The choice of Company from which Health Insurance (HI) policies are bought.
(iii).Whether agents are actively selling Health Insurance (HI) products.
(iv). Major reasons why people who are aware of Health Insurance (HI) intends to stay
away from buying a Health Insurance (HI) Product.
Under these objectives following null hypotheses are framed.
Null Hypotheses:
(i). H01: There is no relationship between Occupation and Source of Money to finance
the bill for treatment.
(ii). H02: There is no difference in the awareness level of Health Insurance (HI) between
males and females (Gender), Age, Education Qualification, Income and Occupation.
(iii).H03: There is no difference in opinion among respondents with different Gender,
Educational Qualification and Occupation that agents are actively selling Health
Insurance (HI) products.
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5. RESEARCH METHODOLOGY
5.1 Methods of Data Collection, Sample Size and Statistical tools used
Population could not be determined conclusively. Initially, random sampling sizes of
280 respondents are taken for this study. Out of these 16 samples are rejected. So, Random
sampling size of 264 is taken for the final analysis. Information is collected by using
questionnaire.
5.2 Schematic Representation of all steps of how the analysis has been done:
Figure 1: Flow Chart showing the schematic stepwise analysis of the questionnaire
Source: Primary Data
5.3 Data Analysis
Data collected through structured questionnaire were analyzed using SPSS. The
statistical techniques namely descriptive statistics that is mean, standard deviation, percentage
and Chi Square test are mainly used to test the hypotheses.
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6. Data Analysis and Discussion
6.1 Demographic profile of the Sample
Table 1
Profile of Sample
Personal information No. of respondents Percent
Gender
Female 100 37.9
Male 164 62.1
Age
<20 36 13.6
20-40 148 56.1
40-60 64 24.2
>60 16 6.1
Educational
Qualification
Undergraduate 44 16.7
Graduate 80 30.3
Post-graduate 100 37.9
Professional degrees 40 15.2
Monthly
Income
Below Rs. 15000 64 24.2
Rs. 15000 to 30000 120 45.5
30000 to 45000 52 19.7
45000 and above 28 10.6
Occupation
Private employee 60 22.7
Govt. employee 92 34.8
Own business 60 22.7
Others 52 19.7
Source: Primary Data
The above Table No. 1 indicates the overall profile of the Sample. It consists of a
Sample size consists of 37.9% Females and the remaining 62.1% Males. 56.1% of
Respondents belong to the Age Group (20 – 40) years, where 24.2% belongs (40-60) years
and 6.1% belongs to above 60 years of Age. In case of Educational Qualification 37.9% of
the Sample were Post Graduate, 30.3% were Graduate and 15.2% were Professional Degree
Holders. 45.5% of the Sample belongs to the Monthly Income Group of Rs. (15,000 –
30,000), 24.2% were below Rs. 15,000 and 10.6% were Rs. 45,000 and above. 34.8% of the
Respondents were Government Employee and 22.7% were Private Employees & Own
Business. The Remaining 19.7% of the Respondents belongs to Others Group.
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6.2 Data Analysis on Family Member falling sick, Expense incurred in Treatment
and Source of Money:
Table 2
Percentage of Sickness, Expense incurred in Treatment and Source of Money
Personal information No. of Percentage
Family member (s)
falling sick
No 60 22.7
Yes 204 77.3
Expense incurred
in treatment
Below Rs. 5000 12 4.5
Rs.5000 to Rs. 10000 20 7.6
Rs.10000 to Rs. 15000 100 37.9
Above Rs.15000 72 27.3
Mean(SD) 10189(6590)
Source of money
Out of pocket 88 33.3
Reimbursement from 96 36.4
Insurance 16 6.1
Others 4 1.5
Source: Primary Data
From the above Table 2, it is observed that 77.3 % of respondents agree with the
statement that in the past one year a family member (within the family) had fallen sick.
37.9% of those who falls sick spend Rs. 10,000 to Rs. 15000 in a year for treatment. Every
family spends on an average of Rs. 10189 for treatment with standard deviation Rs. 6590.
Majority (36.4%) of the Respondents reimburse their expense for the treatment from service.
33.3% of the respondents met the expenses from their pocket (Out of Pocket) while a meager
6.l% and 1.5% through Insurance and Others respectively.
6.3 Data Analysis on Occupation and Source of Money to finance treatment
Table 3
Occupation and Source of Money to finance treatment
Source of money Total Chi -
Square
P-
Value
Occcupation
Out of Reimburs. Insurance Other
Pvt.
Empl.
16(28.6) 24(42.8) 4(7.2) 0(0) 44(100)
36.825 <0.001Govt.
Empl.
4(5.6) 68(94.4) 0(0) 0(0) 72(100)
Own
Busi.
44(78.6) 0(0) 8(14.3) 0(0) 52(100)
Others 24(50) 4(8.3) 4(8.3) 4(8.3) 36(100)
Total 88(37.9) 96(41.4) 16(6.9) 4(1.7) 204(100)
N.B. – Figures in brackets indicate percentage Source: Primary Data
In the Table above, majority of the respondents (94.4%) employed in Government and
42.8% in Private sectors reimbursed their expenses for treatment. While maximum (78.6%)
of Business Owners and 50% Others financed though Out of Pocket (OOP) for treatment. It is
statistically tested that the relation between Occupation and Source of Money for treatment is
highly significant with p-value less than 0.001(i.e. <0.001). Null Hypothesis (H01) is rejected.
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6.3 Awareness of Health Insurance (HI)
Table 3
Awareness of Health Insurance (HI)
N.B. – Figures in brackets indicate percentage Source: Primary Data
Table 3 above indicates that 57.6 % of the respondents are not aware of Health
Insurance (HI). Higher percentages, i.e., 53.7% of the male respondents are aware of Heath
Insurance (HI) in contrast to 24% for Females. And, it is statistically tested that there is a
significant difference in the level of awareness of Health Insurance (HI) between male and
female with p-value 0.018. It is observed that a significant percentage, 54.1% of the
Respondents in the age group (20 – 40) years are aware about Health Insurance (HI). But it
is statistically tested that there is no significant difference in the level of awareness of Health
Insurance (HI) between different age groups with p-value 0.097. It is also observed that 100%
of the Respondents with Professional Degrees are aware of Health Insurance (HI). It is
statistically tested and observed that there exists a highly significant difference in the level of
Personal
information
Awareness of HI
Total
Chi-
square
P-
valueNo (%) Yes
Gender
Female 76 (76.0) 24 (24.0) 100
5.593 0.018
Male 76 (46.3) 88 (53.7) 164
Total
152
(57.6)
112 (42.4) 264
Age in Year
<20 32 (88.9) 4 (11.1) 36
6.318 0.097
20-40 68 (45.9) 80 (54.1) 148
40-60 40 (62.5) 24 (37.5) 64
>60 12 (75.0) 4 (25.0) 16
Total
152
(57.6)
112 (42.4) 264
Educational
Qualification
Undergraduate 40 (90.9) 4 (9.1) 44
19.865 <0.001
Graduate 56 (70.0) 24 (30.0) 80
Post-graduate 56 (56.0) 44 (44.0) 100
Professional
degrees
0 (0.0) 40 (100.0) 40
Total
152
(57.6)
112(42.4) 264
Monthly
Income
Below Rs. 15000 52 (81.3) 12 (18.8) 64
14.273 0.003
Rs.15000 to 30000 76 (63.3) 44 (36.7) 120
30000 to 45000 24 (46.2) 28 (53.8) 52
45000 and above 0 (0.0) 28 (100.0) 28
Total 152(57.6) 112(42.4) 264
Occupation
Private employee 20 (33.3) 40 (66.7) 60
7.410 0.060
Govt. employee 48 (52.2) 44 (47.8) 92
Own business 44 (73.3) 16 (26.7) 60
Others 40 (76.9) 12 (23.1) 52
Total
152
(57.6)
112(42.4) 264
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awareness of Health Insurance (HI) among individuals with different Education Qualification
with p-value less than 0.001. 100 % of the Respondents with monthly income Rs. 45,000 and
above are aware of Health Insurance (HI). And, it is statistically tested that there is significant
difference in the level of awareness of Health Insurance (HI) among respondents belonging to
different income groups (monthly income) with p-value 0.003. Higher percentage, 66.7% of
the Respondents with Occupation in Private Sector are aware of Health Insurance (HI) as
against other sectors. But it is statistically tested that there is no significant difference in the
level of awareness of Health Insurance (HI) among respondents belonging to different
occupation with p-value 0.060.
6.4 Data Analysis on Reason for not aware, Willingness to buy, Purchase Percentage
and Source of Information about Health Insurance (HI)
Table 4
Reason for not aware, Willingness to buy, Purchase of HI and Information
Source for HI
No. of respondent Percentage
Reason for
not aware
Never heard about it 132 86.8
Not aware about the benefit 12 7.9
Nobody approach 4 2.6
Others 4 2.6
Total 152 100.0
Willingness to
buy
No 4 2.6
Yes 148 97.4
Total 152 100
Purchase HI
No 60 53.6
Yes 52 46.4
Total 112 100
Information
about HI
comes from
Agent 44 84.6
Friend 4 7.7
Others 4 7.7
Total 52 100
Source: Primary Data
From the table above, it is observed that 86.8% of the Respondents cited “Never heard
about it” as the reason for ‘not aware’ of Health Insurance (HI). 97.4% of the Respondents
say that they are willing to buy Health Insurance (HI). But only 46.4% of the Respondents
have purchased a Health Insurance (HI) policy. Main (84.6%) source of Information about
Health Insurance (HI) comes from Agents (Insurance Agents).
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6.5 Data Analysis on Agents activity in Selling Health Insurance (HI)
Table 5
Agents Actively Selling Health Insurance (HI)
Actively selling Chi-
square
P-
valueDisagreed Neutral Agreed
Gender
Female 4 16.7 16 66.7 4 16.7
4.176 0.124Male 36 40.9 20 22.7 32 36.4
Total 40 35.8 36 32.1 36 32.1
Educational
Qualification
Undergraduate 0 0.0 0 0.0 4 100.0
13.089 0.042
Graduate 8 33.3 4 16.7 12 50.0
Post-graduate 4 9.1 20 45.5 20 45.5
Professional
degrees
28 70.0 12 30.0 0 0.0
Total 40 35.8 36 32.1 36 32.1
Occupation
Private employee 20 50.0 4 10.0 16 40.0
15.105 0.019
Govt. employee 16 36.4 28 63.6 0 0.0
Own business 4 25.0 0 0.0 12 75.0
Others 0 0.0 4 33.3 8 66.7
Total 40 35.8 36 32.1 36 32.1
Source: Primary Data
From the Table above it is statistically tested that there is no significant difference in
opinion among respondents with different Gender (male and female) that agents are actively
selling Health Insurance (HI) with p-value 0.124. Whereas statistically there is significant
difference in the opinion among respondents with different Educational Qualification (p-
value at 0.042) and Occupation (p-value at 0.019) that agents are actively selling Health
Insurance (HI).
6.6 Data Analysis on Reasons for not purchasing Health Insurance (HI)
Table 6
Reason for not purchasing Health Insurance (HI)
Reason for not purchase Frequency Percentage
I do not need it 0 0.0
No return from investment 60 25.9
High premium charge 52 22.4
Poor service provider 56 24.1
Alternate sources to fund health related cost 8 3.4
No empanelled hospitals in Imphal 56 24.1
Others 0 0.0
Multiple response tabulated Source: Primary Data
From the Table above, it is observed that “No return from Investment”, “Poor Service
Provider”, and “No empanelled Hospitals in Imphal” as the reason for not purchasing Health
Insurance (HI).
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6.7 Choice of Company from which Health Insurance (HI) policies are bought
Table 7
Company from which Health Insurance (HI) are bought
Parameter Analyzed Name of the Company Frequency Percent
Company from which HI
policies are bought
ICICI Prudential 14 26.9
NIC 4 7.7
LICI 8 15.4
Bajaj Allianz 4 7.7
Amsure (Max Life) 7 13.5
Birla Sunlife 2 3.8
HDFC Life 2 3.8
Metlife 0 0.0
SBI Life 3 5.8
TATA AIA 1 1.9
Reliance 3 5.8
IDBI Fortis 1 1.9
ICICI Lombard 3 5.8
Others 0 0
Source: Primary Data
From the above Table, respondents say ICICI Prudential Life, LICI and Amsure (Max
Life) are the top three companies; respondents bought Health Insurance (HI) policies from.
6.8 Analysis of awareness of Health Insurance (HI), Scheme, Diseases not covered,
Premium and Claim Procedure
Table 8
Awareness of Health Insurance (HI), Scheme, Diseases not covered, Premium and
Claim Procedure
No. of respondents %
Awareness of HI
Medium 44 84.6
Highly aware 8 15.4
Total 52 100
Awareness of scheme
Medium 48 92.3
Highly aware 4 7.7
Total 52 100
Awareness of disease not cover by
HI
Less aware 24 46.2
Medium 24 46.2
Highly aware 4 7.7
Total 52 100
Awareness of HI premium
Less aware 4 7.7
Medium 44 84.6
Highly aware 4 7.7
Total 52 100
Aware of claim procedure
Less aware 32 61.5
Medium 16 30.8
Highly aware 4 7.7
Total 52 100
Source: Primary Data
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From the above Table, the awareness level of Health Insurance, Awareness of
Scheme, Premium in Imphal are ‘medium’ with a score of 84.6% , 92.3% and 84.6%
respectively. In case of Awareness of diseases not covered by Health Insurance (HI),
respondents awareness level is in ‘medium’ and ‘less aware’ with a score of 46.2%. The
awareness of Claim procedure for Health Insurance in Imphal is “less aware” having score of
61.5% out of the Total Respondents.
6.8 Analysis on the reason for the purchase of Health Insurance (HI)
Table 9
Reason for the purchase of Health Insurance (HI)
Reason for the purchase of HI No. of respondents %
Attractive schemes 36 22.0
Tax benefit 32 19.5
Expecting health problems 8 4.9
Better health care to family 12 7.3
To protect from rising cost of health care 44 26.8
Cover big expenses 32 19.5
Total 164 100
*Multiple responses tabulated Source: Primary Data
From the Table above, 26.8% attributes “To protect from rising cost of Health Care”
as the major reason for purchasing Health Insurance. “Attractive schemes”, “Tax benefit”
and “Cover big expenses” are also important reasons for purchase of Health Insurance (HI).
6.9 Analysis on factors that influence purchase of Health Insurance (HI)
Table 10
Factors that influence purchase of Health Insurance (HI)
Factors that influence in purchase of HI
No. of
respondents*
%
Trust worthiness of company 52 17.1
Better Schemes Offer 32 10.5
Existing insurance with the Company 8 2.6
Personal Relationship 32 10.5
Easy claim settlement 28 9.2
More Coverage of Diseases 24 7.9
Low Premium Cost 20 6.6
Better marketing by Agent 44 14.5
Tax Saving 28 9.2
Advertisement 36 11.8
Total 304 100
*Multiple responses tabulated Source: Primary Data
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From the Table above, Trust worthiness of company, Better marketing by Agent and
Advertisement are the three important factors that influence purchase of Health Insurance
(HI).
7. CONCLUSION
One important observation is people intend to take up HI if they are explained
explicitly about it. But in contrast majority of people who know about health insurance does
not own a HI policy. So, there seems to be a gap. And all stakeholders in Health Insurance
(HI); Insurance companies, insurance agents, probable customers, existing clients etc. have a
major role to play in increasing enrolment for Health Insurance (HI) policies. For a society
like ours, level of unemployment is very high. Since major chunk of the population are
unemployed, financing for treatment through Out Of Pocket (OOP), which occupies a
sizeable section of respondents, will have a dent on the socio-economic pattern of the masses.
Overall increase in the enrolment of Health Insurance (HI) therefore will be a “win win” for
all stakeholders.
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