2020
DOI: 10.1177/0972150919861452
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Life Insurance Industry Agent’s Attrition: A Game Changer for Insurance Business

Abstract: Insurance industry of any country acts as the backbone of its financial risk management system. Although two-thirds of the insurance business in India is carried out through individual agents, recent trends show significant attrition among them. The central argument in this article revolves around identifying the drivers responsible for individual agent’s attrition in India. The methodology used for this factor identification was based on extensive literature review and further validation through a primary sur… Show more

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Cited by 7 publications
(2 citation statements)
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“…Further, they hesitate to contribute such premiums to an organisation and individuals unfamiliar with them and have no relationship with them due to trust issues [ 79 ]. Lack of trust among individuals in the institutions or schemes offering insurance services results in low demand or minute response in contributions because premiums are paid in advance and benefits are received in the future [ 54 , 76 , 99 ]. Nonetheless, firm trust in service delivery increases individuals’ response to willingly pay and participate in health insurance regardless of its prevailing conditions [ 11 , 49 ].…”
Section: Literature Reviewmentioning
confidence: 99%
“…Further, they hesitate to contribute such premiums to an organisation and individuals unfamiliar with them and have no relationship with them due to trust issues [ 79 ]. Lack of trust among individuals in the institutions or schemes offering insurance services results in low demand or minute response in contributions because premiums are paid in advance and benefits are received in the future [ 54 , 76 , 99 ]. Nonetheless, firm trust in service delivery increases individuals’ response to willingly pay and participate in health insurance regardless of its prevailing conditions [ 11 , 49 ].…”
Section: Literature Reviewmentioning
confidence: 99%
“…As a result, the authors believed that stakeholders in HEP strive to maximize pull impacts and minimize push impacts in order to achieve sustainability. Additionally, push and pull classification can assist HEP stakeholders with project-specific pain points and promising areas (Roy Chhabra and Vishwanathan, 2018; Roy and Roy, 2020a).…”
Section: Literature Reviewmentioning
confidence: 99%