A STUDY ON LIFE INSURANCE SCHEMES AS AN INVESTING OPTION FOR INVESTORS

Abstract

Life insurance is a monetary instrument that can assist people with achieving an assortment of monetary objectives. A life insurance policy is an understanding between an insurance organization what's more, a policy holder that offers monetary inclusion under which the insurance organization assurances to pay a specific add up to the selected recipient in the awful occasion of the protected people death during the term of life insurance plans. In return, the policy holders’ consent to pay a predefined measure of cash as superior either consistently or as a solitary premium. In the study, primary data was gathered through questionnaire and the random sampling method was used to select the sample. The sample comprises of 80 respondents. For measuring various phenomena and analyzing the collected data effectively and efficiently and to draw sound conclusions, percentage analysis and Chi-square method is used.