Money & Finance

How do disclosures affect financial choices? The case of life insurance in India

  • Blog Post Date 30 June, 2016
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Renuka Sane

National Institute of Public Finance and Policy

renuka.sane@nipfp.org.in

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Ajay Shah

National Institute of Public Finance and Policy

ajayshah@mayin.org

Given the importance of insurance, and the regulatory push towards improved disclosures, this project aims to: (a) understand household motivation for the purchase of insurance products; (b) design disclosure formats for insurance products, and (c) evaluate the effectiveness of different disclosure formats on how well a customer understands the product, and the decision to purchase the product.

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