IMPACT OF DEMOGRAPHIC VARIABLES AND TAX SCHEMES ON SELECTION OF INSURANCE PLAN
Keywords:
Demographic variables, Insurance plans, Pension plan, Regression analysis, Tax schemesAbstract
This study was based on a microeconomic approach of estimating the determinants for selection of different insurance plans in Karimnagar town, Andhra Pradesh. This study attempts to capture the impact of earning members demographic variables and tax schemes in selection of insurance schemes. 500 questionnaires are collected by using simple random technique. To draw valid conclusions and test them empirically data was tested by using statistical methods like mean, median, mode, skewness, Anova and multiple linear regression. The impact of tax schemes has significantly caused in selection of insurance schemes. Demographic variables have geared towards diversified investments in insurance plans.
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