Scribd Logo
Upload

Welcome to Scribd!

  • 25 views

    Business Analytics and Research Major Project

    Uploaded by

    Ishaan Kumar
    The document summarizes a research project analyzing the impact of India's 2016 demonetization on the insurance sector. It introduces the topic, defines variables like pricing policies and customer service, presents a conceptual model and hypotheses. It describes a questionnaire to collect data on the independent and dependent variables. Reliability and regression analyses are performed on the data, showing some effect of demonetization on legal regulations and pricing. The analyses have limitations since the sample only included campus and local area views rather than a nationwide sample. In conclusion, demonetization significantly impacted insurance sector investments as people converted black money.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Business Analytics and Research Major Project

    Uploaded by

    Ishaan Kumar
    25 views17 pages
    The document summarizes a research project analyzing the impact of India's 2016 demonetization on the insurance sector. It introduces the topic, defines variables like pricing policies and customer service, presents a conceptual model and hypotheses. It describes a questionnaire to collect data on the independent and dependent variables. Reliability and regression analyses are performed on the data, showing some effect of demonetization on legal regulations and pricing. The analyses have limitations since the sample only included campus and local area views rather than a nationwide sample. In conclusion, demonetization significantly impacted insurance sector investments as people converted black money.

    Original Title

    GROUP 4_1MBA 1

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document summarizes a research project analyzing the impact of India's 2016 demonetization on the insurance sector. It introduces the topic, defines variables like pricing policies and customer service, presents a conceptual model and hypotheses. It describes a questionnaire to collect data on the independent and dependent variables. Reliability and regression analyses are performed on the data, showing some effect of demonetization on legal regulations and pricing. The analyses have limitations since the sample only included campus and local area views rather than a nationwide sample. In conclusion, demonetization significantly impacted insurance sector investments as people converted black money.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    25 views17 pages

    Business Analytics and Research Major Project

    Uploaded by

    Ishaan Kumar
    The document summarizes a research project analyzing the impact of India's 2016 demonetization on the insurance sector. It introduces the topic, defines variables like pricing policies and customer service, presents a conceptual model and hypotheses. It describes a questionnaire to collect data on the independent and dependent variables. Reliability and regression analyses are performed on the data, showing some effect of demonetization on legal regulations and pricing. The analyses have limitations since the sample only included campus and local area views rather than a nationwide sample. In conclusion, demonetization significantly impacted insurance sector investments as people converted black money.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    You are on page 1of 17

    Business Analytics and Research

    Major Project
    Submitted By-
    Submitted to- Group 4
    Dr. Ankit Mahindroo (1MBA1)
    Geetika (501904005)
    Harpreet (501904015)
    Mayank (501904031)
    Prateek (501904040)
    Rashi (501904045)
    Project Analysis

    Project analysis slide 2


    CONCLUSION AND LIMITATION 7. 1. INTRODUCTION

    RELIABILITY AND REGRESSION 6. 2. DEFINE VARIABLES

    PROJEC
    T

    3. CONCEPTUAL MODEL
    DESGIN QUESTIONARRIES 5.

    4. HYPOTHESIS MODEL
    INTRODUCTION
    • Life insurance is one of the necessity for every human beings in the world.
    Insurance gives the financial support and a tax benefit for all.
    • Demonetization is necessary for destroying the black money market. And
    it helps in the economic development of that country.
    • The impact of the demonetization at the various sectors is highly positive
    reaction in India on 8th November 2016. Insurance sector in the
    demonetization impact was very moderate at the time of demolishing
    Rs.500 and Rs.1000. But now it slowly gets back in the growing stage.
    • The designing of paper will be done by the followed conceptual model
    and by considering the hypothesis to analysis the impact of
    demonetization in insurance sector.
    Project Variables

    Project analysis slide 3

    Independent
    Dependent Moderating
    Variables
    Variables Variables
    1. Changes in
    Pricing of
    All sort of 1. Level of Income policies.
    policies- Mostly 2. Age 2. Customer
    those policies Services by
    offered by sector.
    insurance sector 3. Legal
    Regulations
    followed by
    sector
    Conceptual Model

    Project analysis slide 4


    Level of Price
    Income
    Management
    Objectives

    Project Implementation Customer


    All Sort of
    Objectives Plan Service
    Policies

    Customer
    Objectives
    Dependent
    Variable Legal
    Age Regulations

    Moderating Independent
    Variable Variable
    HYPOTHESIS MODEL
    • H0 :- There is no impact of Demonetization in business of insurance
    sector
    • H1:-There is a POSITIVE or NEGATIVE effect of demonetization on
    insurance sector due to the pricing of the policies.
    • H2 :- There is a POSITIVE or NEGATIVE effect of demonetization on
    insurance sector due to Legal regulations.
    • H3 :- There is a POSITIVE or NEGATIVE effect of demonetization on
    insurance sector due to the customer services
    LINK TO GOOGLE FORM
    • QUESTIONARRIES LINK-
    https://docs.google.com/forms/d/1rInPQhm30vz_DroQQ09zWhej4
    T-IdsCzWo6EM9-_NMA/edit
    • RESPONSES LINK-
    https://docs.google.com/forms/d/1rInPQhm30vz_DroQQ09zWhej4
    T-IdsCzWo6EM9-_NMA/edit#responses
    • Finalized data collection was done within the time frame of-
    02/04/20 to 11/04/20.
    Reliability Analysis
    Cronbach Alpha Values
    Project analysis slide 6
    Customer Service Legal Regulations Price Total Set

    0.699 0.637 0.83


    0.653 1
    Screenshots

    Price Reliability Result


    Customer Service Reliability Result Legal Regulations Reliability
    Result
    All Independent Variable Reliability
    Analysis
    Regression Analysis
    Stepwise Method
    Project analysis slide 6
    Customer Service Legal Regulations Price Enter Method

    Dublin- 1.750 Dublin- 1.770 Dublin- 1.560 Dublin- 1.646


    Sig.- 0.006 Sig.- 0.002 Sig.- 0.00 Sig.- 0.00
    Screenshots

    Customer Service Stepwise Analysis Legal Regulations Stepwise Analysis


    Price Stepwise Analysis Enter Method Analysis
    Data Interpretation
    ••  is 0.188 it means the analysis shows only 18.8% of variation in the dependent variables due to
    Independent variables.
    • Anova table shows the significance value 0.00 less than 0.05 that means, the analysis is correct
    and good.
    • 1. Coefficient of customer service is -1.995 and significance value is 0.06. Null hypothesis fails
    to reject, hence, there’s no positive or negative effect of demonetization has been experienced
    on customer services.
    • 2. Coefficient of Legal regulations is -2.163 and significance value is 0.02. Null hypothesis is
    rejected, hence there is some positive or negative effect of demonetization on legal regulations.
    • 3. Coefficient of Pricing -2.866 and significance value is 0.00. Null hypothesis is rejected, hence
    there is some positive or negative effect of demonetization on pricing.
    • So the Estimated model will look like-:
    • Y=16.924-2.163x2-2.866x3+Error
    Managerial Implications
    • The detail analysis shows that there was a huge impact of
    Demonetization in the business of Insurance sector. All the citizens
    had invested a huge sum of amount in the field of Insurance sector
    to safeguard themselves from the effect of demonetization, this
    strategy of investing in this provides them a way to convert there
    money from black into white. This has created a significant effect on
    the economy of the country.
    Limitations of the Study
    • As we all know that,demonitization was implemented to control the
    black marketing in our country, but restricting it by giving a long
    window of days to exchange there 1000 and 500 currency and
    allowed them to invest in the field of Insurance sector boosted there
    negative efforts. However, this data only shows you the views and
    thought process of our Campus people and nearby areas. If we will
    go through the bigger picture of this by collecting the sample data
    of people all over in India, it will be difficult for us but then only you
    can get the result more significantly.
    Thank You

    You might also like