Life Insurance as an Investment Option

Insurance is defined as a cooperative device to spread the loss caused by particular risk over number of persons who are exposed it and agree ensure themselves against that risk. The scenario whole changing life insurance increasingly being considered 'an investment option' investors companies. objective study evaluate an option post privatization also shift in people's preferences from other comparable avenues. For purpose two populations were selected. First, was population across various towns cities comprising buyers insurance. Within this subpopulations studied on basis profession, nature job, education profile, age group income category, gender marital status Second, companies within sub operating public private sector had been studied. A total 500 12 (10 responses each i.e. 120 responses) selected for study.