Economics, Econometrics and Finance
5 years ago

Low Insurance Awareness in India Leads to Mandatory Motor Policy Purchase

Journal of Emerging Technologies and Innovative Research
Policyholders’ perspectives on operating Motor Insurance Policies by Oriental Insurance Company
A.Josephine Stella

Paper Summary

Motor insurance is important in India, especially for protecting people from accidents. However, many people are not aware of the benefits of insurance. A study on Oriental Insurance Company in Sivakasi found that customers want new insurance products, online payment options, and better advertising to understand the value of motor insurance. This can help improve the insurance industry and make it more competitive.

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