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@article{191321,
        author = {Saroj Dayashankar Jha and Harlin Sahani and Nikita Sharma and Sneha Dhodi and Ankit Sahu and Dhruv Rajput and Sagar Pandit},
        title = {A Study on Adoption of Insurance in Middle-Class Family},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {12},
        number = {8},
        pages = {7032-7035},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=191321},
        abstract = {Insurance plays a crucial role in providing financial security and risk protection, particularly for middle-class families who often face income constraints and high financial responsibilities. This study examines the adoption of insurance among middle-class families with the objective of understanding their level of awareness, perception, and factors influencing insurance adoption. The research is based on a descriptive research design using both primary and secondary data. Primary data were collected through structured questionnaires and personal interviews conducted among 46 respondents belonging to middle-class households in Palghar, Umroli, and Boisar. Secondary data were sourced from academic journals, books, industry reports, and publications related to insurance and financial planning. The analysis relies on percentage-based interpretation to present the extent of insurance awareness, perceived necessity of insurance, sources of information, and prevalence of insurance ownership among respondents. The study provides empirical insights into insurance adoption patterns among middle-class families and highlights the continued importance of awareness, affordability, and accessibility in strengthening insurance penetration.},
        keywords = {Insurance Adoption, Middle-Class Families, Financial Security, Insurance Awareness, India.},
        month = {January},
        }