Volume : 4, Issue : 4, April - 2015

DETERMINANTS OF SELF EXCLUSION: A STUDY ON THE DETERRENTS OF INSURANCE ON LIFE OF SELF AND SIGNIFICANT OTHERS

Athena Joy

Abstract :

<p>&lt;p&gt;&amp;lt;p&amp;gt;&amp;amp;nbsp;The phenomenon of self exclusion wherein a prospective customer decides not to insure the life of self and others, in&amp;amp;nbsp;&amp;lt;/p&amp;gt; &amp;lt;div&amp;gt;whom he/she has insurable interest, is widely prevalent. This study proposes to investigate into the phenomenon of self&amp;amp;nbsp;&amp;lt;/div&amp;gt; &amp;lt;div&amp;gt;exclusion from insurance of life of self and others in whom potential buyers have insurable interest. The objective of the&amp;amp;nbsp;&amp;lt;/div&amp;gt; &amp;lt;div&amp;gt;study is to discover the factors that dissuade the potential subscribers from availing of insurance cover on life. The study uses qualitative as well&amp;amp;nbsp;&amp;lt;/div&amp;gt; &amp;lt;div&amp;gt;as secondary sources of data. The study finds that one of the reasons for self exclusion is the perception of investors that a rupee earned today is&amp;amp;nbsp;&amp;lt;/div&amp;gt; &amp;lt;div&amp;gt;more profitable than the rupee earned tomorrow.&amp;lt;/div&amp;gt;&lt;/p&gt;</p>