Factor Analysis

Descriptive Statistics

MeanStd. DeviationAnalysis N [Tax Benefit]4.681.569198 [Safety and profitable long term investment]5.061.233198 [Risk cover]5.451.120198 [Assured income]4.771.244198 [Loan against policy]2.681.897198 [Mortgage redemption]2.642.062198 [Brand]6.091.382198 [Cost]5.731.391198 [Relation with the bank]6.181.031198 [ROI]5.451.078198 [Reminder for renewal policy]5.181.438198 [Claim settlement]6.09.998198 [Convenience in premium payment]5.861.182198

Correlation Matrix

[Tax Benefit] [Safety and profitable long term investment] [Risk cover]Correlation [Tax Benefit]1.000.309-.177

[Safety and profitable long term investment].3091.000.057

[Risk cover]-.177.0571.000

[Assured income].314.615-.122

[Loan against policy].380-.194-.168

[Mortgage redemption]-.074-.141-.482

[Brand].170.059.593

[Cost].100.010-.272

[Relation with the bank].303.075.047

[ROI].089-.101.093

[Reminder for renewal policy].015.320.090

[Claim settlement]-.244.045.126

[Convenience in premium payment]-.136.068.358Sig. (1-tailed) [Tax Benefit]

.000.006

[Safety and profitable long term investment].000

.212

[Risk cover].006.212

[Assured income].000.000.043

[Loan against policy].000.003.009

[Mortgage redemption].151.024.000

[Brand].008.203.000

[Cost].081.446.000

[Relation with the bank].000.146.257

[ROI].106.078.097

[Reminder for renewal policy].420.000.103

[Claim settlement].000.264.038

[Convenience in premium payment].028.169.000

Correlation Matrix

[Assured income] [Loan against policy] [Mortgage redemption]Correlation [Tax Benefit].314.380-.074

[Safety and profitable long term investment].615-.194-.141

[Risk cover]-.122-.168-.482

[Assured income]1.000.240.074

[Loan against policy].2401.000.274

[Mortgage redemption].074.2741.000

[Brand].198.011-.373

[Cost].043-.362.077

[Relation with the bank].389.170.031

[ROI].111.160-.007

[Reminder for renewal policy].432-.330-.085

[Claim settlement].348-.250-.095

[Convenience in premium payment].290-.162-.339Sig. (1-tailed) [Tax Benefit].000.000.151

[Safety and profitable long term investment].000.003.024

[Risk cover].043.009.000

[Assured income]

.000.149

[Loan against policy].000

.000

[Mortgage redemption].149.000

[Brand].003.438.000

[Cost].273.000.141

[Relation with the bank].000.008.331

[ROI].059.012.458

[Reminder for renewal policy].000.000.116

[Claim settlement].000.000.092

[Convenience in premium payment].000.011.000

Correlation Matrix

[Brand] [Cost] [Relation with the bank] [ROI]Correlation [Tax Benefit].170.100.303.089

[Safety and profitable long term investment].059.010.075-.101

[Risk cover].593-.272.047.093

[Assured income].198.043.389.111

[Loan against policy].011-.362.170.160

[Mortgage redemption]-.373.077.031-.007

[Brand]1.000.037.373.187

[Cost].0371.000.035-.008

[Relation with the bank].373.0351.000-.075

[ROI].187-.008-.0751.000

[Reminder for renewal policy].451.048.255.447

[Claim settlement].126.347.028.089

[Convenience in premium payment].287-.189-.092.300Sig. (1-tailed) [Tax Benefit].008.081.000.106

[Safety and profitable long term investment].203.446.146.078

[Risk cover].000.000.257.097

[Assured income].003.273.000.059

[Loan against policy].438.000.008.012

[Mortgage redemption].000.141.331.458

[Brand]

.304.000.004

[Cost].304

.314.454

[Relation with the bank].000.314

.148

[ROI].004.454.148

[Reminder for renewal policy].000.252.000.000

[Claim settlement].038.000.346.107

[Convenience in premium payment].000.004.099.000

Correlation Matrixa

[Reminder for renewal policy] [Claim settlement] [Convenience in premium payment]Correlation [Tax Benefit].015-.244-.136

[Safety and profitable long term investment].320.045.068

[Risk cover].090.126.358

[Assured income].432.348.290

[Loan against policy]-.330-.250-.162

[Mortgage redemption]-.085-.095-.339

[Brand].451.126.287

[Cost].048.347-.189

[Relation with the bank].255.028-.092

[ROI].447.089.300

[Reminder for renewal policy]1.000.148.337

[Claim settlement].1481.000.514

[Convenience in premium payment].337.5141.000Sig. (1-tailed) [Tax Benefit].420.000.028

[Safety and profitable long term investment].000.264.169

[Risk cover].103.038.000

[Assured income].000.000.000

[Loan against policy].000.000.011

[Mortgage redemption].116.092.000

[Brand].000.038.000

[Cost].252.000.004

[Relation with the bank].000.346.099

[ROI].000.107.000

[Reminder for renewal policy]

.019.000

[Claim settlement].019

.000

[Convenience in premium payment].000.000

a. Determinant = .001

KMO and Bartlett's TestKaiser-Meyer-Olkin Measure of Sampling Adequacy..314Bartlett's Test of SphericityApprox. Chi-Square1425.384

df78

Sig..000

Communalities

InitialExtraction [Tax Benefit]1.000.631 [Safety and profitable long term investment]1.000.911 [Risk cover]1.000.797 [Assured income]1.000.936 [Loan against policy]1.000.910 [Mortgage redemption]1.000.636 [Brand]1.000.844 [Cost]1.000.824 [Relation with the bank]1.000.704 [ROI]1.000.854 [Reminder for renewal policy]1.000.819 [Claim settlement]1.000.899 [Convenience in premium payment]1.000.804Extraction Method: Principal Component Analysis.

Total Variance ExplainedComponentInitial EigenvaluesExtraction Sums of Squared Loadings

Total% of VarianceCumulative %Total12.97722.90122.9012.97722.21217.01239.9132.21231.74913.45253.3651.74941.38610.65864.0231.38651.1909.15473.1771.19061.0558.11881.2961.0557.9187.05888.354

8.5354.11692.470

9.3642.79995.269

10.3222.47797.746

11.1731.32799.073

12.086.65999.732

13.035.268100.000

Total Variance ExplainedComponentExtraction Sums of Squared LoadingsRotation Sums of Squared Loadings

% of VarianceCumulative %Total% of VarianceCumulative %122.90122.9012.19216.86216.862217.01239.9131.80613.88930.750313.45253.3651.74013.38444.134410.65864.0231.67312.87157.00559.15473.1771.61312.40469.40968.11881.2961.54511.88781.2967

8

9

10

11

12

13

Extraction Method: Principal Component Analysis.

Component Matrixa

Component

123456 [Tax Benefit].107.710-.223-.213.062-.129 [Safety and profitable long term investment].428.394.241-.392-.560-.217 [Risk cover].520-.477-.494-.204.008.114 [Assured income].563.646.238.119-.291.213 [Loan against policy]-.242.554-.538.398-.035.309 [Mortgage redemption]-.471.381.287.417.100.056 [Brand].706-.001-.379-.164.414.052 [Cost].029.056.689-.212.548-.010 [Relation with the bank].315.526-.147-.217.404.312 [ROI].360.035-.118.686.219-.438 [Reminder for renewal policy].712.138.182.159.125-.468 [Claim settlement].480-.226.531.219.034.536 [Convenience in premium payment].670-.322.002.369-.280.190Extraction Method: Principal Component Analysis.a. 6 components extracted.

Rotated Component Matrixa

Component

123456 [Tax Benefit]-.095.576.365-.368.076-.127 [Safety and profitable long term investment].099.029.946-.020-.021.072 [Risk cover].861.020-.111.146.039-.138 [Assured income]-.181.445.687.430.177-.131 [Loan against policy]-.335.452-.155-.082-.004-.750 [Mortgage redemption]-.780.058-.142-.003.038-.054 [Brand].656.544-.048.095.317.073 [Cost]-.251.202-.063.111.000.839 [Relation with the bank].073.830.066.039-.025.062 [ROI]-.043-.009-.129.066.901-.138 [Reminder for renewal policy].187.120.369.108.741.269 [Claim settlement].022.039.020.906.008.277 [Convenience in premium payment].376-.163.142.682.331-.203Extraction Method: Principal Component Analysis. Rotation Method: Varimax with Kaiser Normalization.a. Rotation converged in 8 iterations.

Component Transformation MatrixComponent1234561.566.283.397.459.469.1052-.505.668.459-.221.075-.1823-.485-.227.267.388-.040.7004-.434-.167-.311.388.601-.4185.005.513-.643-.125.241.4996-.021.362-.222.650-.594-.207Extraction Method: Principal Component Analysis. Rotation Method: Varimax with Kaiser Normalization.