Staff View: The effects of household characteristics on the acquisition of life insurance: the case of Sabah

The effects of household characteristics on the acquisition of life insurance: the case of Sabah

Life insurance policies can be an element of a retirement plan to ensure financial stability after a person retires. However to date, most research conducted from the perspectives of the Malaysian market are focused only on the effect of economic variables rather than any other explanatory factors e...

Full description

Saved in:

Bibliographic Details
Main Authors:	Zatul Karamah A.B.U., Lim Thien Sang, Zaiton Osman, Amer Azlan Abdul Jamal, Rosle Mohidin
Format:	Research Report
Language:	English
Published:	Universiti Malaysia Sabah 2014
Subjects:	HG Finance LG Individual institutions - Asia, Africa, Indian Ocean islands, Australia, New Zealand, Pacific islands
Online Access:	https://eprints.ums.edu.my/id/eprint/25013/1/The%20effects%20of%20household%20characteristics%20on%20the%20acquisition%20of%20life%20insurance.pdf https://eprints.ums.edu.my/id/eprint/25013/
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my.ums.eprints.25013
record_format	eprints
spelling	my.ums.eprints.250132020-03-02T07:57:09Z https://eprints.ums.edu.my/id/eprint/25013/ The effects of household characteristics on the acquisition of life insurance: the case of Sabah Zatul Karamah A.B.U. Lim Thien Sang Zaiton Osman Amer Azlan Abdul Jamal Rosle Mohidin HG Finance LG Individual institutions - Asia, Africa, Indian Ocean islands, Australia, New Zealand, Pacific islands Life insurance policies can be an element of a retirement plan to ensure financial stability after a person retires. However to date, most research conducted from the perspectives of the Malaysian market are focused only on the effect of economic variables rather than any other explanatory factors especially the non-economic variables towards the acquisition of life insurance by household in this country (Ahmad, Lim & Abdul Jamal, 2011; Redzuan, Abdul Rahman & S.H. Aidid, 2009; Ahmad & Yaakob, 2005). In line to address the gap, this research is expected to address the following objectives that are to examine the influence of socioeconomic variables, financial status, savings attitudes and the type of life insurance towards the acquistion of life insurance by households in the state of Sabah. The analytical approach is based on the model by Ferber and Lee (1980) and the Consumer Expenditure Surveys (2011) whereby a multiple regression function of a linear model is constructed to test the effects of the independent variables consisted of non-economic factors on the life insurance acquisition. This research suggests that the acquisition is contributed by the occupation, level of education, ownership of house and/or credit card and budget attitude. Also, two other independent variables namely the Financial Status and the Type of Life Insurance seem influential in affecting the life insurance acquisition. Overall, the results from this study seem to conform to those expected of rational insurance consumers. Universiti Malaysia Sabah 2014 Research Report NonPeerReviewed text en https://eprints.ums.edu.my/id/eprint/25013/1/The%20effects%20of%20household%20characteristics%20on%20the%20acquisition%20of%20life%20insurance.pdf Zatul Karamah A.B.U. and Lim Thien Sang and Zaiton Osman and Amer Azlan Abdul Jamal and Rosle Mohidin (2014) The effects of household characteristics on the acquisition of life insurance: the case of Sabah. (Unpublished)
institution	Universiti Malaysia Sabah
building	UMS Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Malaysia Sabah
content_source	UMS Institutional Repository
url_provider	http://eprints.ums.edu.my/
language	English
topic	HG Finance LG Individual institutions - Asia, Africa, Indian Ocean islands, Australia, New Zealand, Pacific islands
spellingShingle	HG Finance LG Individual institutions - Asia, Africa, Indian Ocean islands, Australia, New Zealand, Pacific islands Zatul Karamah A.B.U. Lim Thien Sang Zaiton Osman Amer Azlan Abdul Jamal Rosle Mohidin The effects of household characteristics on the acquisition of life insurance: the case of Sabah
description	Life insurance policies can be an element of a retirement plan to ensure financial stability after a person retires. However to date, most research conducted from the perspectives of the Malaysian market are focused only on the effect of economic variables rather than any other explanatory factors especially the non-economic variables towards the acquisition of life insurance by household in this country (Ahmad, Lim & Abdul Jamal, 2011; Redzuan, Abdul Rahman & S.H. Aidid, 2009; Ahmad & Yaakob, 2005). In line to address the gap, this research is expected to address the following objectives that are to examine the influence of socioeconomic variables, financial status, savings attitudes and the type of life insurance towards the acquistion of life insurance by households in the state of Sabah. The analytical approach is based on the model by Ferber and Lee (1980) and the Consumer Expenditure Surveys (2011) whereby a multiple regression function of a linear model is constructed to test the effects of the independent variables consisted of non-economic factors on the life insurance acquisition. This research suggests that the acquisition is contributed by the occupation, level of education, ownership of house and/or credit card and budget attitude. Also, two other independent variables namely the Financial Status and the Type of Life Insurance seem influential in affecting the life insurance acquisition. Overall, the results from this study seem to conform to those expected of rational insurance consumers.
format	Research Report
author	Zatul Karamah A.B.U. Lim Thien Sang Zaiton Osman Amer Azlan Abdul Jamal Rosle Mohidin
author_facet	Zatul Karamah A.B.U. Lim Thien Sang Zaiton Osman Amer Azlan Abdul Jamal Rosle Mohidin
author_sort	Zatul Karamah A.B.U.
title	The effects of household characteristics on the acquisition of life insurance: the case of Sabah
title_short	The effects of household characteristics on the acquisition of life insurance: the case of Sabah
title_full	The effects of household characteristics on the acquisition of life insurance: the case of Sabah
title_fullStr	The effects of household characteristics on the acquisition of life insurance: the case of Sabah
title_full_unstemmed	The effects of household characteristics on the acquisition of life insurance: the case of Sabah
title_sort	effects of household characteristics on the acquisition of life insurance: the case of sabah
publisher	Universiti Malaysia Sabah
publishDate	2014
url	https://eprints.ums.edu.my/id/eprint/25013/1/The%20effects%20of%20household%20characteristics%20on%20the%20acquisition%20of%20life%20insurance.pdf https://eprints.ums.edu.my/id/eprint/25013/
_version_	1760230312576548864
score	13.211869

The effects of household characteristics on the acquisition of life insurance: the case of Sabah

Similar Items