The role of private sector insurance in India with special reference to life insurance in erode district has focused on developing mathematical model based on statistical studies.
1. By using Association Rule for predictive capability. This rule finds the data A and B
C. This algorithm is especially useful for large data.
2. The Naive Bayes clearly shows the difference between more than one state of input variables (Private sector insurance).
3. Other statistical Method (ANOVA Test) used for both quantitative as well as qualitative variables.
The total amount of insurance policy taken by various private sectors is calculated by summing the daily commencement by each private sector is recorded every day.