Life insurance and economic empowerment : a theoretical and empirical overview
Author
Source
Issue
Vol. 7, Issue 1 (30 Apr. 2021), pp.903-921, 19 p.
Publisher
Tahri Mohamed Bechar University Faculty of Economic Commerce and Management Sciences
Publication Date
2021-04-30
Country of Publication
Algeria
No. of Pages
19
Main Subjects
Topics
Abstract EN
The purpose of this paper is to explore the nature and strength of the relationship between purchasing life insurance plans and economic empowerment by using survey data.
We propose, in the present study, a theoretical framework that could help to explain the promotion of poor people empowerment by life insurance industry.
A random sample of 64 respondents was drawn from life and health policyholders.
The Statistical Package for the Social Science version 20 was used to analyse the data.
The findings show a moderate positive correlation between life insurance and economic empowerment (rs =.
594).
The paper further suggests that (a) annuities can play the most important role in contributing to economic empowerment, (b) improving the ability of policyholders to choose and decide may be the main effect of purchasing life insurance, and (c) the correlation between life insurance and economic empowerment is relatively higher for men.
American Psychological Association (APA)
Berkem, Zuhayr. 2021. Life insurance and economic empowerment : a theoretical and empirical overview. Al-Bashaer Economic Journal،Vol. 7, no. 1, pp.903-921.
https://search.emarefa.net/detail/BIM-1164285
Modern Language Association (MLA)
Berkem, Zuhayr. Life insurance and economic empowerment : a theoretical and empirical overview. Al-Bashaer Economic Journal Vol. 7, no. 1 (2021), pp.903-921.
https://search.emarefa.net/detail/BIM-1164285
American Medical Association (AMA)
Berkem, Zuhayr. Life insurance and economic empowerment : a theoretical and empirical overview. Al-Bashaer Economic Journal. 2021. Vol. 7, no. 1, pp.903-921.
https://search.emarefa.net/detail/BIM-1164285
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1164285