IMPAIRMENTS ANALYTICS OF CONSUMPTION OF CHILDREN EDUCATION INSURANCE POLICY AMONG HOUSEHOLDS IN AGRARIAN AND NON-AGRARIAN AREAS OF AKWA IBOM STATE

Iniobong Bassey Inyang, Emem Bassey Inyang and Bassey Ime Frank
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Iniobong Bassey Inyang: Nyles Development Analytics International, Uyo, Akwa Ibom State, Nigeria
Emem Bassey Inyang: Department of Agricultural Economics and Extension, University of Uyo, Uyo. Akwa Ibom State. Nigeria
Bassey Ime Frank: Department of Insurance, University of Uyo, Uyo. Akwa Ibom State, Nigeria

Noble International Journal of Social Sciences Research, 2019, vol. 4, issue 2, 33-42

Abstract: This study was designed to assess the dimension of the poor consumption of Education insurance policy among households in Uyo capital city of Akwa Ibom State, Nigeria. The Socio-economic profiling of the PCCEIP of respondents was assessed, the incidence index of perceived poor consumption of CEIP was estimated and the relative rank positioning of the perceived poor consumption of CEIP were mapped. Â A sample size of 72 respondents was used in the survey. The study relied on primary data and was collected through a set of validated scales. Data collected were subjected to descriptive statistical tools including incidence and composite index analyses. The study reveal that majority of the respondents were not aware of the existence and benefits of education insurance policies. It also revealed prominent dimensions of the incidences of the poor consumption of Education insurance policy in the state and country at large. In view of these it was recommended that awareness programme should be structured by insurance firms to the understanding of parents on how insurance operates, especially Education insurance, to dispel the fear of non-payment of benefits or claims. Also, current payment of such benefits should be published and the product (education insurance) should be designed to accommodate various income strata of the society.

Keywords: Analysis; Constraints; Education; Impairments; Insurance; Policy (search for similar items in EconPapers)
Date: 2019
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