Escolar Documentos
Profissional Documentos
Cultura Documentos
ii.
iii.
iv.
Knowing the lifetime value for different segments and using that data to improve the
marketing.
Studies say it costs ten times more to generate a new customer than to maintain an
existing one. If organization has a small number of customers, losing a few could cripple
company. Even if there are a large number of customers, a small increase in the rate should
dramatically increase profits.
The maintenance of the patronage of people who have purchased a companys goods or
services once and the gaining of repeat purchases. Customer retention occurs when a customer is
loyal to a company, brand, or to a specific product or service, expressing long-term commitment
and refusing to purchase from competitors. Of critical importance to such strategies are the wider
concepts of customer service, customer relations, and relationship marketing. Companies can
build loyalty and retention through the use of a number of techniques, including database
marketing, the issue of loyalty cards, redeemable against a variety of goods or service,
preferential discounts, free gifts, special promotions, newsletters or magazines, members clubs
or customized products in limited editions. It has been argued that customer retention is linked to
employee loyalty, since loyal employees build up long-term relationships with customers.
Customer retention has always been an important topic for the marketing. For sure, the
advantages of loyal clients are obvious. Often CRM is only implementing new systems for data
mining and client segmentation or operational system like a complaint management. But the
thing is: data mining system or client clubs are not the basis. They are the cherry of the cake
called client retention. A key principle of relationship marketing is the retention of customers
through varying means and practices to ensure repeated trade from preexisting customers by
satisfying requirements above those of competing companies through a mutually beneficial
relationship.
14
This techniques is now used as a means of counter balancing new customer and
opportunities with current and existing customers as a means of maximizing profit and
counteracting the leaky bucket theory of business in which new customer gained in order
direct marketing oriented businesses were at the expense of or coincided with the loss of older
customers. This process of "churning" is less economically viable than retaining all or the
majority of customers using both direct and relationship management as lead generation via new
customers requires more investment.
Many companies in competing markets will redirect or allocate large amounts of resources
or attention towards customer retention as in markets with increasing competition it may cost 5
times more to attract new customers than it would to retain current customers, as direct or
"offensive" marketing requires much more extensive resources to cause defection from
competitors. However, it is suggested that because of the extensive classic marketing theories
center on means of attracting customer and creating transactions rather than maintaining them,
the majority usage of direct marketing used in the past is now gradually being used more
alongside relationship marketing as its importance becomes more recognizable. According to
Buchanan and Gilles the increased profitability associated with customer retention efforts occurs
because of several factors that occur once a relationship has been established with a
customer.
i.
The cost of acquisition occurs only at the beginning of the relationship, so the longer the
relationship, the lower the amortized cost.
ii.
iii.
Long-term customers tend to be less inclined to switch, and also tend to be fewer prices
sensitive. This can result in stable unit sales volume and increase in dollar-sales volume.
iv.
Long-term customer may initiate free word of mouth promotions and referrals.
v.
Long-term customers are more likely to purchase ancillary products and high margin
supplemental products.
vi.
Customer that stay with company tend to be satisfied with the relationship and are less
likely to switch to competitors, making it difficult for competitors to enter the market or gain
market share.
15
16
FOSTERING
AND CUSTOMER
Todays markets are increasingly moving away from mass produced standard products
and service, towards a more customized market, where products and service are tailored to meet
customers specific requirements. Having a repeat customer is an opportunity for you to build a
more focused relationship based on your customers specific needs and requirements. Being
ensured of having a customer who comes back, you have more confidence to suggest
improvements, provide an insight to better understand their needs and consequently design
products and services that are relevant. Having a repeat business also provides an opportunity for
the buyer and the seller to co-create products and services.
17
ii. 2% increase in customer retention has same effect on profits as cutting costs by 10%.
(Source: http://www.bautomation.com/resources/articles/startling-statistics-on-customerretention-acquisition/489/)
of
its
customer
each
year.(Source:
iv. 5% reduction in the customer defection rate can increase profits by 25-125%, depending
on the industries. (Source: http://www.parature.com/tag/customer-service-statistics-2012)
v. The customer profitability rate tends to increase over the life of a retained customer.
(Source: http:/www.dbmarketing.com/index.html)
vi. Companies can boost profits anywhere from 25 to 125% by retaining merely5% more
existing customers. (Source: http://www.parature.com/tag/customer-service-statistics2012)
vii. Only one out of 25 dissatisfied customers will express dissatisfaction. (Source:
http://www.bautomation.com/resources/articles/startling-statistics-on-customer-retentionacquisition/489/)
viii.
18
This is the number of customer doing business with a firm at the end of a trading period,
expressed as percentage of those who were active customer at the beginning of the period.
SALES-ADJUSTED RETENTION RATE:
This is the value of sales achieved from the retained customers, expressed as a percentage
of the sales achieved from all customers who were active at the beginning of the period.
PROFIT-ADJUSTED RETENTION RATE:
This is the profit earned from the retained customers, expressed as a percentage of the
profit earned from all customers who were active at the beginning of the period.
20
3. COMPANY PROFILE
21
COMPANY PROFILE
IDBI FEDERAL LIFE INSURANCE CO. LTD.:
IDBI Fortis Life Insurance Co. Ltd., is a joint venture between three financial
companiesDevelopment and Commercial Bank, IDBI Bank, Indias private sector
Bank, Federal Bank and European insurer Ageas (formerly Fortis).
IDBI Fortis Life Insurance Co. Ltd. was formed on March 2008. In this venture, IDBI
Bank owns 48% equity while Federal Bank and Ageas own 26% equity each. The Headquarters
is located in Mumbai, India.
IDBI Bank Ltd. continues to be, since its inception, Indias premier industrial
development bank. Created in 1956 to support Indias industrial backbone, IDBI Bank has since
evolved into a powerhouse of industrial and retail finance.
22
Today, it is amongst Indias foremost commercial banks, with a wide range of innovative
products and services, serving retail and corporate customers in all corners of the country from
720 branches and 1228 ATMs.
The Bank offers its customers an extensive range of diversified services including project
financing, term lending, working capital facilities, lease finance, venture capital, loan
syndication, corporate advisory services and legal and technical advisory services to its corporate
clients as well as mortgages and personal loans to its retail clients.
As part of its development activities, IDBI Bank has been instrumental in sponsoring the
development of key institutions involved in Indias financial sector such as the Securities and
Exchange Board of India (SEBI), National Stock Exchange of India Limited (NSE) and National
Securities Depository Ltd.
Federal Bank is one of Indias leading private sector banks, with a dominant presence in
the state of Kerala. It has a strong network of 708 branches and 749 ATMs spread across India.
The bank provides over four million retail customers with a wide variety of financial products.
Federal Bank is one of the first large Indian banks to have an entirely automated and
interconnected branch network.
In addition to interconnected branches and ATMs, the Bank has a wide range of services
like Internet Banking, Mobile Banking, Tele Banking, and Any Where Banking, debit cards,
online bill payment and call center facilities to offer round the clock banking convenience to its
customers. The Bank has been a pioneer in providing innovative technological solutions to its
customers and the Bank has won several awards and recommendations.
Fortis is an international insurance group composed of AG Insurance, the overall market
leader in life and non-life insurance in Belgium, distributing its insurance products through the
network of BNP Paribas Fortis Bank and independent insurance brokers, and Fortis Insurance
International with subsidiaries in the UK, France, Hong Kong, Luxembourg (Non-life),
Germany, Turkey, Russia and Ukraine, and joint ventures in Luxembourg (Life), Portugal, China,
Malaysia, Thailand and India.
23
MISSION
To continually strive to enhance customer experience through innovative product
offerings, dedicated relationship management and superior service delivery while striving to
interact with our customers in the most convenient and cost effective manner. To be transparent
in the way we deal with our customers and to act with integrity. To invest in and build quality
human capital in order to achieve our mission.
VALUES
Transparency: Crystal Clear communication to our partners and Stakeholders.
Value to Customers: A product and service offering in which customers perceive value.
Rock Solid and Delivery on Promise: This translates into being financially strong,
operationally robust and having clarity in claims.
Customer-friendly: Advice and support in working with customers and partners.
Profit to Stakeholders: Balance the interests of customers, partners, employees, shareholders
and the community at large.
EXCELLENCE
"In every aspect of work ranging from the in-house training institute to the detailed
Personal Insurance Plan. IDBI Fortis is focused on achieving the highest standards of quality in
every aspect of their business".
24
HONESTY
"Is the heart of the Life Insurance business? IDBI Fortis believes that above all, Life
Insurance is based on trust. Transparency, Dependability and Integrity will form the cornerstones
of the IDBI Fortis experience."
KNOWLEDGE
"Is what makes experts. IDBI Fortis is focused on the Life Insurance business. Perfectly
combining global expertise with local knowledge, IDBI Fortis is the Indian Life Insurance
specialist."
CARING
"For the customer IDBI Fortis is redefining the Life Insurance paradigm to focus on the
needs of the customers. The IDBI Fortis service process is responsive, personalized, humane and
empathetic."
CULTURE
Our "in house culture recipe" has some of the finest ingredients going into its making.
Some of the more prominent aspects of our culture are stated below:
i. Customer comes first
ii. Do it right the first time
iii. Bias for result oriented action
iv. Financial strength and discipline
v. Clarity of purpose
vi. International quality standards
vii. Inclusive Meritocracy
viii.
learning opportunities
25
TECHNOLOGY
To monitor and manage its network equipment across 34 sites, IDBI Fortis uses Tulip
Proactive Managed CE solution. The solution includes device management, proactive
troubleshooting and notification support. With the implementation of the solution, IDBI has
reported improvement of network performance and availability, with a faster, more effective
change and configuration management.
PRODUCTS
IDBI Fortis launched its first set of products across India in March 2008, after receiving
the requisite approvals from the Insurance Regulatory and Development Authority (IRDA). IDBI
Fortis offers services through a nationwide network across the branches of IDBI Bank and
Federal Bank in addition to a network of advisors and partners. IDBI Fortis has 35 branches
across the country.
SPONSORSHIPS, AWARDS
IDBI Fortis Life Insurance Company was selected as the title sponsor for the India-Sri
Lanka Cricket Series. This was followed by the IDBI Fortis Wealthsurance Twenty20.
Wealthsurance Made Easy (WME), a knowledge aid by IDBI Fortis for its sales force, won The
Bronze Dragon in the category for Best Dealer/Sales Force activity at the Promotion
Marketing Awards of Asia (PMAA).
26
ORGANIZATIONAL STRUCTURE
SALES ORGANIZATIONAL STRUCTURE
G.V NAGESHVAR
RAO (MD & CEO)
MURLIIYER (country
Head sales)
North
Zonal Head
South
Zonal Head
Area
Bank
Area
agency
head
assuranc
e
head
agency
head
Manage
r
distribu
tion
deputy
chief
senior
Bank
assuranc
e
head
East
Zonal Head
West
Zonal Head
Area
Bank
Area
agency
head
assuran
ce
head
agency
head
Bank
assuranc
e
head
Manager
Manager
Manager
distribution
deputy
chief
senior
distribution
deputy
distribution
deputy
chief senior
chief senior
Corporate
head
Distributer
& trainees
&
agencies
Corporate
head
Corporate
head
Corporate
head
Distributer
& trainees
&
agencies
Distributer
& trainees
&
agencies
Distributer
& trainees
&
agencies
27
MURLIYER (Country
Head Sales)
MALLIKA
SARASWATH (Human
Resource Head)
Service
Department
Recruitmen
t
Pay Roll
Senior Manager
Chief
Manager
Assistant
Manager
There are no Zonal Heads in the Human Resource Department the area
Human Resource executive only acts as the Human Resource Manager and
reports all the activities to the Head Office that is in MUMBAI.
28
G.V NAGESHVAR
RAO (MD &CEO)
MURLIYER
(Country Head
Sales)
MARKET &
PROMOTION
UNDERWRITING
DEPARTMENT
FINIANCE
DEPARTMENT
ANIL
SHRIVATSAV
DEPARTMENT
North Zonal
Support Manager
South Zonal
Support Manager
East Zonal
Support Manager
West Zonal
Support Manager
PRODUCT
DEPARTMENT
The Zonal Managers are supported by Branch Support Executives and the Operations
department is present only in the Head Office which is in MUMBAI.
29
PRODUCT PROFILE:
WEALTHSURANCE: The Wealthsurance Milestone Plan enables the policyholder to save and
build wealth to meet their financial goals. This Plan comes with a wide range of 13 investment
options and 7 insurance benefits - all packaged with a low charge structure and unmatched
flexibility.
HOMESURANCE: IDBI Federal Homesurance Protection Plan provides full insurance cover
for properties even under construction, thus ensuring that the beneficiary gets the full sanctioned
amount in case of any unfortunate event. It also has an innovative fixed period cover for those
who would aim to prepay their loans early.
BONDSURANCE: Bondsurance is designed for customers looking for guaranteed returns which
will not get affected by financial market conditions. It offers guaranteed return on investment
along with life insurance cover.
MICROSURANCE: IDBI Federal Microsurance Plan is a one of its kind insurance plan which
can be very useful for various Micro Financial Institutions and NGOs, wherein not only the
members but even the members family gets an insurance cover.
TERMSURANCE: IDBI Federal Termsurance Protection Plan offers the unique Increasing
Cover option that automatically increases the cover every year without increasing the premium.
INCOMESURANCE: Knowing the customer helped us to combine the Endowment & Money
Back plans into a single plan. It linked the returns to the G-Sec rates, transparently declared by
the government. Also, the Guaranteed Annual Payout and other benefits upon death are tax-free
under Sec 10(10D).
30
4. RESEARCH METHODOLOGY
31
INTRODUCTION
The system of collecting data for research projects is known as research methodology.
The data may be collected for either theoretical or practical research for example management
research may be strategically conceptualized along with operational planning methods and
change management. Research methodology is to describe how to gather information (method)
this can be survey interview, litterateur review etc. And then explain each method what are they,
what are the method. Some important factors in research methodology of measure most of your
work is finished by the time you finish the analysis of data. Formulation of research questions
along with sampling weather probable or non-probable is followed by measurement that includes
surveys and scaling. This is followed by research design, which may be either experimental or
quasi-experimental. Methodology includes a philosophically coherent collection of theories,
concepts or ideas as they relate to a particular discipline or field of inquiry.
The univariate analysis consist of mean, standard deviation, percentage etc. although the
mean most commonly seen representation of central tendency and the stranded deviation takes
into account each observations distance from the mean. The obtained data were presented
through table based on the percentage of the respondents and were analysis through spread sheet
under the univariate measures such as mean, standard deviation.
32
33
Further three types of degree of consideration that can be derived regarding differentiation
variables are show in the following table
Decision Criteria for Univariate Analysis
Range
Decision Attribute
1<X=2.5
2.5<X=3.5
3.5<X<=5.0
PERSONAL INFORMATION
The research is to identify the customer retention in IDBI federal insurance Co limited in
Coimbatore branch. Retaining the customer is based on the customer satisfaction. Age, sex, civil
status, education level, occupation, income also decide the satisfaction.
34
AGE DISTRIBUTION
Age distribution pattern of the customer in Coimbatore branch its represented by the
sample 100. Age distribution class was categories in to three classes.63% of customer
represented the age categories of 18-35 years. 5% of customer represented the age categories of
36-50 years. 32% of customer represented the age categories of over 50 years.
Age Distribution
Frequency
Percentage
18-35 Years
63
63%
36-50years
5%
Over 50 Years
32
32%
Total
100
100%
Age Distribution
70
60
50
40
30
20
10
0
18 - 35
36 - 50
35
above
50
GENDER
In this research the factor of gender represent 76% of sample male & 24% of samples
female.
Gender
Frequency
Percentage
Male
76
76%
Female
24
24%
Total
100
100%
Gender
80
70
60
50
40
30
20
10
0
Male
Female
36
MARITAL STATUS
Out of 100 samples, 77% samples were unmarried and 23% of samples were married.
Marital status
Frequency
Percentage
Unmarried
77
77%
Married
23
23%
Total
100
100%
Marital status
90
80
70
60
50
40
30
20
10
0
Marrie
d
Unmarried
37
EDUCATION QUALIFICATION
33% of samples were found in the category of UG degree holder. 58% of samples were
found in the category of PG degree holder. 19% of samples were found in the category of other
or none.
Education Qualification
Frequency
Percentage
UG degree holder
33
33%
PG degree holder
58
58%
Other or none
19
19%
Total
100
100%
Education Qualification
70
60
50
40
30
20
10
0
UG Degree Holder
PG Degree Holder
38
Other or None
OCCUPATION
64% of samples were found in the category of professional. 10% of samples were found
in the category of clerical. 26% of samples were found in the category of unskilled workers.
Occupation
Frequency
Percentage
Professional
64
64%
Teacher
0%
Clerical
10
10%
Unskilled workers
26
26%
Total
100
100%
Occupation
70
60
50
40
30
20
10
0
Professional
Teacher
Clerical
39
Unskilled
workers
INCOME
Income was categories in to four classes. 5% customer represents the income Rs 1000020000.12% customer represents the income Rs 20000-30000. 83% customer represents the
income above Rs 300000.
Income range (per month)
Frequency
Percentage
Rs 10000-20000
5%
Rs 20001-30000
12
12%
Above Rs 300000
83
83%
Total
100
100%
Income
14
12
10
8
6
4
2
0
10000 - 20000
20001 - 30000
40
Above 30000
RESEARCH INFORMATION
The data collected from 100 customers who were statement in order to evaluate. The
mean and standard deviation are calculated to evaluate the research details.
Mean = fx / f
Standard deviation = (fx^2 / f)-(fx / f) ^2
Percentage
Agree
78
78%
Neutral
0%
Disagree
22
22%
100
100%
Total
Service Satisfaction
100
80
60
40
20
0
Agree
Neutral
Disagree
fx
x^2
fx^2
Agree
78
78
78
Neutral
Disagree
22
66
198
100
144
Mean = 1.44
Standard deviation = 0.69
41
276
Percentage
Agree
83
83%
Neutral
0%
Disagree
17
17%
100
100%
Total
Concern
Solvation
90
80
70
60
50
40
30
20
10
0
Agree
Neutral
Disagree
fx
x^2
fx^2
Agree
83
83
83
Neutral
Disagree
17
51
153
100
134
Mean = 1.34
Standard deviation = 0.56
42
236
9. Please think about the features and the benefits of the insurance you took. Are you satisfied
with the insurance?
Frequency
Percentage
Agree
32
32%
Neutral
45
45%
Disagree
23
23%
100
100%
Total
Benefit
Satisfaction
50
45
40
35
30
25
20
15
10
5
0
Agree
Neutral
Disagree
fx
x^2
fx^2
Agree
32
32
32
Neutral
45
90
180
Disagree
23
69
207
100
191
Mean = 1.91
Standard deviation = 0.54
43
419
Percentage
Agree
53
53%
Neutral
17
17%
Disagree
30
30%
100
100%
Total
Courteous
Service
60
50
40
30
20
10
0
Neutr
al
Agree
Disagree
fx
x^2
fx^2
Agree
53
53
53
Neutral
17
34
68
Disagree
30
90
270
100
177
Mean = 1.77
Standard deviation = 0.78
391
44
Percentage
Agree
56
56%
Neutral
5%
Disagree
39
39%
100
100%
Total
Quick
Call
60
50
40
30
20
10
0
Agree
Neutral
Agree
56
Neutral
Disagree
Disagree
fx
x^2
fx^2
56
56
10
20
39
117
315
100
183
Mean = 1.83
Standard deviation = 0.56
45
391
Percentage
Agree
68
68%
Neutral
12
12%
Disagree
20
20%
100
100%
Total
Knowledge
Representative
80
70
60
50
40
30
20
10
0
Agree
Neutral
Disagree
fx
x^2
fx^2
Agree
68
68
68
Neutral
12
24
48
Disagree
20
60
180
100
152
Mean = 1.52
Standard deviation = 0.65
46
296
11. The policy plans of IDBI Federal Company provide highest benefits for you?
Frequency
Percentage
Agree
80
80%
Neutral
15
15%
Disagree
5%
100
100%
Total
Highest
Benifits
90
80
70
60
50
40
30
20
10
0
Agree
Neutral
Disagree
fx
x^2
fx^2
Agree
80
80
80
Neutral
15
30
60
Disagree
15
45
100
125
Mean = 1.25
Standard deviation = 0.25
47
185
12. The insurance plans policy and procedure of IDBI insurance company are understandable
easily?
Frequency
Percentage
100
100%
Neutral
0%
Disagree
0%
100
100%
Agree
Total
Neutral
Disagree
fx
x^2
fx^2
Agree
100
100
100
Neutral
Disagree
100
100
Mean = 1
Standard deviation = 0
48
100
Percentage
100
100%
Neutral
0%
Disagree
0%
100
100%
Agree
Total
Easy Payment
Mode
120
100
80
60
40
20
0
Agree
Neutral
Disagree
fx
x^2
fx^2
Agree
100
100
100
Neutral
Disagree
100
100
Mean = 1
Standard deviation = 0
49
100
14. Do you like to have a long term relation with IDBI insurance company?
Frequency
Percentage
Agree
34
34%
Neutral
24
24%
Disagree
42
42%
100
100%
Total
Long
Relationship
45
40
35
30
25
20
15
10
5
0
Agree
Neutral
Disagree
fx
x^2
fx^2
Agree
34
34
34
Neutral
24
48
96
Disagree
42
126
378
100
208
Mean = 2.08
Standard deviation = 0.73
50
508
Percentage
Agree
43
43%
Neutral
52
52%
Disagree
31
31%
100
100%
Total
Recommend
IDBI
60
50
40
30
20
10
0
Agree
Neutral
Disagree
fx
x^2
fx^2
Agree
43
43
43
Neutral
26
52
104
Disagree
31
93
279
100
188
Mean = 1.88
Standard deviation = 0.73
51
426
Percentage
Agree
68
68%
Neutral
10
10%
Disagree
22
22%
100
100%
Total
Friends Insisted
80
70
60
50
40
30
20
10
0
Agree
Neutral
Disagree
fx
x^2
fx^2
Agree
68
68
68
Neutral
10
20
40
Disagree
22
66
198
100
154
Mean = 1.54
Standard deviation = 0.69
52
306
17. Would you like to have another insurance policy in IDBI in future?
Frequency
Percentage
Agree
32
32%
Neutral
23
23%
Disagree
45
45%
100
100%
Total
Another Policy In
IDBI
50
45
40
35
30
25
20
15
10
5
0
Agree
Neutal
Disagree
fx
x^2
fx^2
Agree
32
32
32
Neutral
23
46
92
Disagree
45
135
405
100
213
Mean = 2.13
Standard deviation = 0.75
53
529
Agree
Neutral
Disagree
Mean
78
22
1.44
0.69
83
17
1.34
0.56
32
45
23
1.91
0.54
53
17
30
1.77
0.78
56
39
1.83
0.56
68
12
20
1.52
0.65
80
15
1.25
0.25
100
100
34
24
42
2.08
0.75
43
26
31
1.88
0.73
68
10
22
1.54
0.69
32
23
45
2.13
0.75
No of Response
100
Mean
20.69
Std deviation
6.95
The above table shows that IDBI federal insurance is having a high level of
customer relinquishment.
54
Std.Dev
6. FINDINGS
55
CUSTOMER RELINQUISHMENT
IDBI federal insurance is having a high level of customer relinquishment.
ii.
Give some gifts which must satisfy the needs of the customers.
iii.
iv.
v.
vi.
56
7. RECOMMENDATION
57
RECOMMENDATIONS
The unmarried people are actually not interested to take insurance. They wanted to invest
their money in other fields like buying a house, bike, buildings, and real-estate etc. They are even
ready to take risk for more earnings.
The married peoples are interested in insurance for the benefit of their partner as well as their
children and medical expenses. Generally educated people understand easily so most of graduate
clearly understand the benefits of insurance policies.
So IDBI Federal Life Insurance Corporation Limited can develop a new policy by targeting
the unmarried people.
IDBI have to increase their promotional activities in such a way that even unskilled persons
understand the importance of their Insurance add value to their customer.
58
8. CONCLUSION
59
CONCLUSIONS
The data were collected from the customers response of the IDBI Federal Life Insurance
Corporation Limited Coimbatore branch. Based on the percentage of the customers 100 sample
size was collected. The age, gender, marital statuses, educational qualification, occupation,
monthly income, were analyzed as personal information in the questionnaire. According to the
collected personal information, most of the sample customers were young age, single, educated,
higher income customers who got insurance. According to the research the IDBI Federal Life
Insurance Corporation Limited Coimbatore have high customer relinquishment because most of
the customers did not insure out of their own interest. Parents, Friends who are working or doing
their project or internship in IDBI Federal Life Insurance wanted them to have a policy. This is
the reason why customers move out of IDBI Federal.
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9. APPENDIX
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QUESTIONNAIRE
Good morning is this Mr./Ms.
I am Sindhu from IDBI federal one of the leading wealthsurance solution provider in
India. Do you have a moment to talk?
I work extensively in the area of proving future financial planning solution to people. My
expertise includes planning for your familys financial security, your childrens education,
marriage or your personal retirement.
The reason why I called you today is to get your idea and feedback about IDBI federal can I
continue?
c) Over 50 years
2. Gender
a) Male
b) Female
3. Marital status a)
Single
b) Married
4. Education qualification a)
UG degree holder
b) PG degree holder
c) Other or none
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5. Occupation a)
Professional
b) Teacher
c) Clerical
d) Unskilled workers
6. Monthly income a)
Rs 10000-20000 b)
Rs 20000-30000 c)
Above Rs 300000
7. In thinking about the recent experience with IDBI Federal life insurance, rate the satisfaction
with the customer service received by you?
1
9. Please think about the features and the benefits of the insurance you took. Are you satisfied
with the insurance?
1
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12. The insurance plans policy and procedure of IDBI insurance company are understandable
easily?
1
64
14. Do you like work or held the relationship between you and IDBI insurance company at long
time?
1
17. Would you like to have another insure policy in IDBI in future?
1
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10. BIBLIOGRAPHY
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Books
Websites
1. http://www.economywatch.com/indianeconomy/indian-insurance-sector.html
2. http://www.indianmba.com/Occasional_Papers/OP85/op85.html
3. http://www.banknetindia.com/finance/insure2011.htm
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