Comparative study on the insurance market between AIG Life products and ASIROM Vienna Insurance Group

Nicodim Liliana, Nitu Claudiu Valentin and Bucur Cristina Raluca ()
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Bucur Cristina Raluca: “Ovidius” University Constanta

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 1, 1737-1740

Abstract: An increasingly confirmed theory in recent decades claims that a product is purchased for what it represents for the customer, and not for what it is itself (subjective utility theory), the product is purchased for the service they provide, for the safety, for the comfort, for fashion, for what it gives to its user. Life insurance is a way of financial protection, safeguard and preserve the family property. It is part of a family financial plan, along with other real estate investments, shares, bank deposits, insurance is a guarantee fund related to the availability of needed cash in case of unexpected situations, without being affected the other saving forms, usually with pre-established terms.

Keywords: market; insurance market; customer; financial plan; investment (search for similar items in EconPapers)
JEL-codes: G22 G24 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:10:y:2010:i:1:p:1737-1740

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