Customers’ Perception regarding Assurance of Bancassurance Channel

Bancassurance has evolved as a strong distribution channel in India. Bancassurance means that the insurance company and the bank come together to offer insurance products from the counter of the banks to the bank’s customer. The present study attempts to analyse customers’ perception regarding assur...

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Bibliographic Details
Main Authors: Choudhury Mousumi, Singh Ranjit
Format: Article
Language:English
Published: Sciendo 2016-12-01
Series:Acta Universitatis Sapientiae: Economics and Business
Subjects:
m21
Online Access:https://doi.org/10.1515/auseb-2016-0005
Description
Summary:Bancassurance has evolved as a strong distribution channel in India. Bancassurance means that the insurance company and the bank come together to offer insurance products from the counter of the banks to the bank’s customer. The present study attempts to analyse customers’ perception regarding assurance of bancassurance channel in providing insurance-related services. The study also tries to find out the impact of various demographic variables on customers’ perception regarding assurance of bancassurance channel. The study finds that customers consider bancassurance channel having high assurance in providing insurance services. It is also found in the study that there is no significant association between the demographic variables considered in the study and customers’ perception regarding assurance of bancassurance channel.
ISSN:2360-0047