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7) RESEARCH Methodology
7) RESEARCH Methodology
This study has been undertaken to know the products of Life Insurance
Corporation of India. To know whether people aware about all the life
insurance products or not.
it can be said that research design is the conceptual structure within which
the research is conducted. Its function is to provide for the collection of
relevant evidence with minimum expenditure of effort, time and money but
how this can be achieved depends upon the research purpose.
The designs of a research include the following five:
1. Collection of data
2. Organization of data
3. Presentation of data
4. Analysis of data
5. Interpretation of data
1.
Collection of data:
Data collection is in fact the most important aspect of any survey. The
Organization of data:
After the data has been collected, the next step is to organize the data
in some orderly and logical form so that their essential features may become
explicit. Organization is the process or arranging things in group according
to their resemblances and affinities.
3.
Presentation of data:
After organization of data, next step is to present the data in such clear
and attractive manner so that these are easily understood and conclusions are
drawn thereof. Following are the main methods of presentation of data:
Tables
Diagrams
Graphs
4.
Analysis of data:
The fourth step after presentation of data is the analysis of data as a
Interpretation of data:
Under this method, conclusions are drawn after analyzing the data.
Two or more kinds of data are compared and conclusions drawn. Even a
layman may understand them. The conclusions are expressed in simple and
easy language. On the basis of such conclusions future estimates and
suggestions are made.
DATA USED
The data includes primary and secondary data.
Primary data