Question

Whats the difference in investment behaviour between life insures and property-casualty insurers; and what the reason for this difference?

Answer 1

The Indian Consumers have different perception about investment.

Life Insurance :

Life Insurance is the most important type of Insurance which provides financial protection to a person and his family at the time of uncertain risks or damage.It provides both safety and protection to consumers.

Overall attitude of consumers towards life insurance is positive.Majority of consumers feels Life Insurance as tax saving option than risk protection and saving option.

Property-Casualty Insurance :

Property Insurance is a policy that provides financial reimbursement to the owner or renter of Stucture and its contents in the event of damage or theft.

Overall attitude of consumers towards Property-Casualty Insurance is also positive as there are different needs for the protection of Homeowner's Insurance,Liability Insurance,Transportation,Construction,Electronics,Machinery Breakdown etc.