Analysis of the socio-economic background and attitude of the policyholders towards Life Insurance Corporation of India

Insurance in any economy is regarded as a pillar of growth and works as a catalyst in the overall development of the economy. The industry always remains a source of long-term funds, which are vital for the development of the basic infrastructure of a country. The present study is an attempt to study the socio-economic background and attitude of the policyholders towards LIC in Ramanathapuram District. The sample of the study consists of 300 policyholders in the study area. In the analysis, factors like sex of the policyholders, occupation and patronage mentality of the policyholders do not influence the level of attitude.