A PUBLIC SURVEY OF LIC AS AN INVESTMENT ALTERNATIVE

“QUESTIONNAIRE”

PART – A (Background Information)

1. Name : _______________________________________________________________

2. Age (In Years) : ________________

3. Gender : a) Male b) Female

4. Marital Status : a) Married b) Unmarried

5. Educational Qualifications :

a) Illiterate b) Below Matric

c) Matric d) Graduate

e) Post-Graduate f) other (specify): _____________

6. Source of earning :

a) Student b) Service

c) Self-employed d) other (specify): ____________

7. Family Income :

a) Below 1 Lac b)1 Lac to 5 Lac

c) 5 Lac to 10 Lac d) More than 10 Lac

Please Turn Over

 A PUBLIC SURVEY OF LIC AS AN INVESTMENT ALTERNATIVE

PART – B

1. Do you have any Insurance Policy?

a) Yes b) No

2. Which Insurance Policy do you have?

a) Life b) Non-Life c) Both

3. Which company’s Insurance Policy do you prefer the most? [Rank from 1 to 5]

a) LIC

b) ICICI Prudential

c) Bajaj Allianz

d) Reliance Life Insurance

e) TATA AIG Life

4. What according to you are the benefits of Insurance Policy? [Rank from 1 to 3]

a) Covers future uncertainty

b) TAX Deductions

c) Future investment

5. Which features of your Insurance Policy attracted you to buy it? [Rank from 1 to 5]

a) Low Premium

b) Larger risk coverage

c) Money-Back Guarantee

d) Reputation of the firm

e) Easy access to the agents

6. What is your perception about Insurance? [Rank from 1 to 3]

a) a saving tool b) a tax saving instrument

c) a tool to protect future

7. How would you rate your current policy?

a) Excellent b) Good

c) Average d) Bad

8. According to you which is the best form of Investment?

a) Real estate/Properties b) Post-Office Savings

c) Bank Deposits d) Public Provident Funds (PPFs)

e) Securities i.e. Shares, Bonds, MFs. e) Insurance

9. What do you intent to gain from the Investments?

a) Savings & Returns b) Security

c) Tax Benefits

10. From which sector you have insured?

a) Public b) Private

11. Who influenced you to get insured?

a) Insurance agent b) Electronic Media

c) Print Media d) Friends & Relatives

12. How many insurance policies do you have?

a) upto 3 b) 4 to 6

c) More than 6

13. Which of the following policies do you have?

a) Endowment Policy b) Single Premium Policy

c) Children Policy d) Pension Plan Policy

e) Money-Back Policy e) Any other________________

14. What is the term of the policy?

a) Up to 5 Years b) 6 to 10 Years

c) 11 to 15 Years d) 16 to 20 Years

e) More than 20 Years

15. How would you like to pay the premium?

a) Monthly b) Quarterly

c) Bi-Annually d) Annually

16. Are you regularly paying the premium?

a) Yes b) No

17. Has your policy lapsed anytime due to non-payment of insurance premium?

a) Yes b) No

18. Are you aware about the Insurance Bonus of the policies?

a) Yes b) No

19. Have you received any incentive from insurance agent on insurance premium?

a) Yes b) No

20. If Yes, what was the percentage?

a) 10% to 25% b) 26% to 50%

c) More than 50%

21. Have you availed any loan against Insurance?

a) Yes b) No

22. Do you find the staff/agents are cooperative?

a) Yes b) No
23. What percentage of your monthly salary do you save?

a) Up to 10% b) 11% to 20%

c) 21% to 30% d) More than 30%

24. What kind of investment do you prefer?

a) Short Term b) Long Term

25. Does your Insurance provider has complex formalities/set of procedures?

a) Yes b) No

26. What is your overall perception about LIC India?

a) Positive b) Negative

27. Policies provided by LIC India are superior to OR more attractive than Private insurance
companies?

a) Strongly agree b) Agree

c) Neither agree nor disagree d) Disagree

e) Strongly disagree

28. Entry of private companies has widened the scope of Insurance sector in India?

a) Yes b) No

29. Entry of private companies has affected business of public companies?

a) Yes b) No

30. Main reason for sticking to your Insurance Provider is?

a) Quality b) Low Premium

c) Better Services d) Better Terms