Perception of home loan takers towards home insurance policy in sivakasi

Abstract

The IRDA opened up the market in August 2000 with the invitation for application for registrations. Foreign companies were allowed ownership of up to 26%. The Authority has the power to frame regulations under Section 114A of the Insurance Act, 1938 and has from 2000 onwards framed various regulations ranging from registration of companies for carrying on insurance business to protection of policyholders’ interests. In this project the policy holder are different types literate and illiterate, wealthy and poor, urban and rural and etc. whether these home loan takers have the awareness and acceptance of the home insurance policy and their readiness to report their grievances to the competent authority for redressed measures are the main problems to be investigated. The present study analyses about the home insurance policy in the study area, the perception level of home insurance holders. © This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.