RELATIONSHIP BETWEEN DIFFERENT FACTOR AND THEIR FINANCIAL GOAL FOR OPTING UNIT LINKED INSURANCE PLANS

The insurance sector aids to recover the losses of financial sector. Unit Linked Insurance Plan (ULIP) is a life insurance plan which provides for the benefit of risk cover as well as flexibility in investment. With the entry of foreign insurance companies the international practices and systems were also introduced in India. Present study investigates the relationship of various factors such as Age, Marital status, Type of family, Educational Qualification and Nature of employment of investors with their financial goal for opting Unit Linked Insurance Plans. The study was carried out by using survey methodology. For that responses were collected from 550 ULIP customers from 11 district of Vidarbha Region in Maharashtra by using a reliable and valid questionnaire.