LIFE INSURANCE PATRONAGE AND THE GROWTH OF THE INSURANCE INDUSTRY IN NIGERIA
ABSTRACT
This study empirically
investigated life insurance patronage and the growth of the insurance
industry in Nigeria. The objective was to determine the impact of life
insurance patronage and the growth of the insurance industry in Nigeria.
To achieve the objective, secondary data extracted from Nigerian
Insurers Association (NIA) Digest (various years) was used. Regression
model was used for evaluation of data. Two hypothesis were tested using
Scientific Package for Social Science (SPSS). The first hypothesis
showed that there is a positive relationship between life insurance
premium and total insurance premium which was used as a measure of the
insurance industry’s performance. This means that total insurance income
increases as the amount of life insurance premium increases. The second
hypothesis showed that claims of life insurance benefits has a
significant effect on the insurance industry in Nigeria meaning that
other factors contribute. On this note, it was recommended that
insurance companies should organize public lectures, seminars, and
symposia on insurance as a way of creating awareness of life insurance
and insurance policies.
TABLE OF CONTENTS CONTENTS PAGE
Title Page - - - - - - - - -
Declaration - - - - - - - - -
Certification - - - - - - - - -
Dedication - - - - - - - - -
Acknowledgement - - - - - - - -
Abstract - - - - - - - - -
Table of Content - - - - - - - -
List of Tables - - - - - - - - -
CHAPTER ONE
INTRODUCTION
1.1 Background to the study - - - - - -
1.2 Statement of the Problem - - - - - -
1.3 Objective of the Study - - - - - -
1.4 Research Questions - - - - - -
1.5 Research Hypothesis - - - - - -
1.6 Significance of the study - - - - - -
1.7 Scope and Limitation of the study - - - -
1.8 Organization of the study - - - - -
1.9 Definition of Terms - - - - - -
CHAPTER TWO
LITERATURE REVIEW
2.0 Introduction - - - - - - -
2.1 Conceptual framework - - - - - -
2.1.1 The Essentials of a Valid Life Insurance Contract - -
2.1.2 Types of Life Insurance Policies - - - - -
2.1.3 Characteristics of Life Insurance Policies - -
2.1.4 The Need for Life Insurance Policies - - -
2.1.5 The Importance of Life Insurance Policies - - -
2.1.6 Factors Affecting Insurability in Life Insurance Patronage in
Nigeria - - - - - -
2.1.7 Life Insurance Awareness in Nigeria- - - - -
2.1.8 The Nature of Life Insurance Patronage in Nigeria (Problems)
2.1.9 Historical Perspective of
Life Insurance in Nigeria - - -
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2.1.10 The Panacea (Solutions) to the
Problems of Low Life Patronage in Nigeria - -
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2.2 Empirical framework - - - - - - -
CHAPTER THREE
RESEARCH METHODOLOGY
3.0 Introduction - - - - - -
3.1 Research Design - - - - - -
3.2 Nature and Sources of Data - - - - -
3.3 Population and Sample Size of Data Collection - - -
3.4 Data Analysis and Technique - - - - - -
3.5 Model Specification - - - - - -
CHAPTER FOUR
DATA PRESENTATION, ANALYSIS AND DISCUSSION OF FINDINGS
4.0 Introduction
4.1 Data presentation - - - - - - -
4.2 Test of Research Hypothesis - - - - -
Discussion of Findings -