Annual Income (Rs.)

Factors Influencing Choice of Investment in Insurance

Total

Security & Assurance

Tax Benefit

Risk coverage & Savings

Product features

Other factors

<300,000

0

2

3

1

1

07

300,000 - 600,000

3

4

4

5

5

21

600,000 - 900,000

4

5

5

4

5

23

>900,000

8

10

4

2

0

24

Total

15

21

16

12

11

75

Chi Square Calculated Value)

6.321

Degree of freedom

5

Tabulated Value

12.592

Accept/Reject

Accept