Chi

Chi – square analysis Table: 22 Table showing the relationship between age of respondents and their awareness level of Bajaj Allianz Life Insurance Company

Awareness Age

Very well

Well

aware

aware

Below 18

3

18 – 30

Aware

Not aware

Total

0

4

2

9

4

32

23

11

70

31 – 40

3

18

13

5

39

41 – 60

0

7

9

5

21

60 & above

2

4

3

2

11

Total

12

61

52

25

150

Null hypothesis (Ho): There is no significant relationship between age of the respondents and their awareness level of Bajaj Allianz Life Insurance Company.

Alternate hypothesis (H1): There is a significant relationship between age of the respondents and their awareness level of Bajaj Allianz Life Insurance Company. The χ2 value is found with the help of the following formula.

χ2 = ∑

[(O – E) /E] 2

Here, O= Observed frequencies, E= Expected frequencies and the result are presented below. Calculated value

= 17.62

Degree of freedom = (c-1) (r-1) = (4-1) (5-1) = 12

Table value for 12 degree of freedom @5% level of significance is 21.026 INFERENCE: The researcher had applied chi- square test (χ2 ) to prove statistically whether there is any significant relationship between the variables used for the study. For this purpose the researcher has chosen age (variable1) with the (variable 2) the respondents awareness level of Bajaj Allianz Life Insurance Company. When tested at 5% level of significance, it is found that the table value is greater than the calculated value. Null hypothesis is accepted. Hence it is concluded that age of the respondents have no significant relationship with the awareness level of Bajaj Allianz life insurance company.

Table: 23 Table showing the relationship between educational qualification of the respondents and their awareness level of Bajaj Allianz Life Insurance Company

Awareness

Educational Very well

Well

aware

aware

HSC level

1

UG holder

qualification

Aware

Not aware

Total

19

12

6

38

5

31

32

10

78

PG holder

6

9

7

9

31

Others

0

2

1

0

3

Total

12

61

52

25

150

Null hypothesis (Ho): There is no significant relationship between educational qualification of the respondents and their awareness level of Bajaj Allianz Life Insurance Company.

Alternate hypothesis (H1): There is significant relationship between educational qualification of the respondents and their awareness level of Bajaj Allianz Life Insurance Company. The χ2 value is found with the help of the following formula.

χ2 = ∑

[(O – E) /E] 2

Here, O= Observed frequencies, E= expected frequencies and the result are presented below. Calculated value (χ2) = 15.58

Degree of freedom = (c-1) (r-1) = (4-1) (4-1) = 9

Table value for 9 degree of freedom @5% level of significance is 16.919

INFERENCE: The researcher had applied chi- square test (χ2 ) to prove statistically whether there is any significant relationship between the variables used for the study. For this purpose the researcher has chosen educational qualification (variable1) with the (variable 2) the respondent’s awareness level of Bajaj Allianz Life Insurance Company. When tested at 5% level of significance, it is found that the table value is greater than the calculated value. Null hypothesis is accepted. Hence it is concluded that educational qualification of the respondents has no significant relationship with the awareness level of Bajaj Allianz Life Insurance Company.