It has been reported that in view of the recent economic slowdown and a decreasing enthusiasm among investors, many insurance agencies are coming up with smarter policy terms to lure the investors.
Mumbai, Maharashtra -- (SBWIRE) -- 09/10/2009 -- However the agencies have denied such allegations. An expert insurance consultant on condition of anonymity said that, every business matures with age and this is just what we are witnessing. The change in policy terms and insurance plan is based on the detailed research carried out to understand the mind-set of the house hold insurance consumers.
The details of this finding have been published as an article in a well known journal. Experts on the subject agree that the household insurance cover is closely related to the financial vulnerability of the family and the ratio of working to non-working members. The other factors that influence the household’s life cycle protection plan include the impact the non working members have on the family’s decision.
The researchers also claim that the type of insurance plan purchased by a household is also dependent on the type of members. Though it is not a rule, an empirical formula suggests that the younger married couple buy more expensive insurance cover while older couples prefer to invest in other type of investment plans. It has also been found that the demand of life insurance is also greatly dependant on the insured’s death and the approximate consumption by the other household member.
If you are planning to get a household life insurance you must have definitely found these research conclusions useful. And expert consultants state that it is perhaps the best time to invest in insurance cover. Simply log on to http://www.India-classifieds.com and view the household section to get more information on household life insurance.
About Household:
The Household section on the India-classified section contains the web listing for all your household needs. If you provide services or products catering to this section, post your free ads and reach to consumers all over India.
Contact:
India Classifieds,
Unit # 301, Bldg No 2,
Sector 01, Millenium Business Park,
Mahape, MIDC, Navi Mumbai – 400710
Website: http://www.india-classifieds.in/clsCategory.asp?catid=14&catName=Household