Insurance needs of individuals in Singapore
This study examines the motivational factors for purchasing insurance, and the features of the existing insurance policies that appeals to the general public. This was done by measuring the importance attached to the various reasons for buying and not buying insurance and the preferences...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2015
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/64300 |
| _version_ | 1826119576418516992 |
|---|---|
| author | Ang, Yee Hia |
| author2 | William Tan |
| author_facet | William Tan Ang, Yee Hia |
| author_sort | Ang, Yee Hia |
| collection | NTU |
| description | This study examines the motivational factors for purchasing
insurance, and the features of the existing insurance policies
that appeals to the general public. This was done by
measuring the importance attached to the various reasons for
buying and not buying insurance and the preferences for the
features of insurance policies. The investigation focuses on
two areas:- Women and Children market.
The analysis on the women's market indicated that the most
important reasons for buying or not buying insurance were to
provide family protection and but that they prefer other
investments respectively. The features that were most
preferred by women in insurance policies were cancer coverage
and accident benefits.
The analysis on the children's market indicated that the most
important reasons for buying or not buying for children, as
perceived by parents, were to provide a monthly allowance to
child upon parents's early death/disability but they prefer
other investments to insurance respectively. The analysis
also indicated that most parents preferred to receive benefits
in installments upon maturity when child enters tertiary
education or upon parents' death/disability. |
| first_indexed | 2024-10-01T05:02:19Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/64300 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T05:02:19Z |
| publishDate | 2015 |
| record_format | dspace |
| spelling | ntu-10356/643002023-05-19T06:16:14Z Insurance needs of individuals in Singapore Ang, Yee Hia William Tan Nanyang Business School DRNTU::Business This study examines the motivational factors for purchasing insurance, and the features of the existing insurance policies that appeals to the general public. This was done by measuring the importance attached to the various reasons for buying and not buying insurance and the preferences for the features of insurance policies. The investigation focuses on two areas:- Women and Children market. The analysis on the women's market indicated that the most important reasons for buying or not buying insurance were to provide family protection and but that they prefer other investments respectively. The features that were most preferred by women in insurance policies were cancer coverage and accident benefits. The analysis on the children's market indicated that the most important reasons for buying or not buying for children, as perceived by parents, were to provide a monthly allowance to child upon parents's early death/disability but they prefer other investments to insurance respectively. The analysis also indicated that most parents preferred to receive benefits in installments upon maturity when child enters tertiary education or upon parents' death/disability. BUSINESS 2015-05-26T01:17:46Z 2015-05-26T01:17:46Z 1993 1993 Final Year Project (FYP) http://hdl.handle.net/10356/64300 en Nanyang Technological University 216 p. application/pdf |
| spellingShingle | DRNTU::Business Ang, Yee Hia Insurance needs of individuals in Singapore |
| title | Insurance needs of individuals in Singapore |
| title_full | Insurance needs of individuals in Singapore |
| title_fullStr | Insurance needs of individuals in Singapore |
| title_full_unstemmed | Insurance needs of individuals in Singapore |
| title_short | Insurance needs of individuals in Singapore |
| title_sort | insurance needs of individuals in singapore |
| topic | DRNTU::Business |
| url | http://hdl.handle.net/10356/64300 |
| work_keys_str_mv | AT angyeehia insuranceneedsofindividualsinsingapore |