A Study on the Policyholders Preference and Awareness of Life Insurance Products in the LIC of India in the Salem District

Abstract

Life assurance is a settlement between the insurance agency and the policyholder, wherein the insurance plan pays for the strategy sum caused via the existence safeguarded. The insurance plan will both give compensation to logical expenses and ensure qualified passing advantages, mishaps benefits are covered underneath the protection at one of the specific items. Each individual likewise can get charge derivations on the expenses paid nearer to extra security under section 80D of the annual Tax Act, 1961.