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DATA ANALYSIS AND INTERPRETATION
Analysis of data means studying the tabulated material in order to determine
inherent facts or meaning. It involves breaking down of complex factors into
simple parts and putting the parts together in new arrangement for the purpose
of interpretation. It is a careful, logical and critical examination of the result
obtained after analysis, keeping in view of the limitations of the sample chosen
and tools used for analysis.
OPINION NUMBERS
Yes 78
No 22
Total 100
Interpretation: Majority of the respondents have insured their life to avoid the
risk in future. Out of this less than 13% have adopted the life insurance as a tax
saving tool. It is noted that 22% of the respondents are not insured their life,
due to their lack of awareness
OPINION NUMBERS
ONE 78
MULTIPLE 16 ( among the 78)
TOTAL 78 100
OPINION NUMBERS
YES 50
NO 28
TOTAL 78
Interpretations: 50 individuals are aware about the income tax act, 1961 while
opting for life insurance policy whereas 28 respondents of the study are unware
of the act.