The following information was submitted:
Transactions: WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS
Transactions ID Number: 52-156
Full Name: Shazia iqbal Khalid
Position: Student
Age: ON
Sex: Female
Address: HOUSE # 5, STREET # F, BLOCK # X,NEW SETALITE TOWN SARGODHA
Country: PAKISTAN
Tel: 00923347509833
Tel prefix: 00923347509833
Fax:
E-mail address: shazia.i.khalid@gmail.com
Other E-mails: shaziaa.iqbal@yahoo.com
Title of the Paper: Determinants of Individual Life Insurance Consumption in Pakistan
Authors as they appear in the Paper: Shazia Iqbal Khalid, Nazim Husain, Muhammad Waqas
Email addresses of all the authors: shazia.i.khalid@gmail.com, Nazim.hussain@aiou.edu.pk , waqas.umt@gmail.com
Number of paper pages: 10
Abstract: Purpose – The main objective of this paper is to investigate the factors involve in the purchasing decisions of individual life insurance in Pakistan by supporting a selective literature review and through proposed research model. Design/methodology/approach – The paper is based on a broader conceptual approach by analyzing literature review and secondary data which shows that the performance of individual life insurance in Pakistan is affected by insurance buying behavior, country conditions, insurance institutions and other investment opportunities. Findings – This study highlights the factors that can affect the individual life insurance performance in Pakistan. The factors include insurance buying behavior, country conditions, insurance institution and other investment opportunities. Further the study investigate the above mentioned factors in detail such as "insurance institution" includes cost of policy/investment, return of policy, money laundering threat, p!
olicy advertisement and insurance market. "Country Condition" includes economic condition, government support and terrorism threat. "Insurance Buying Behavior" includes income/saving, religion, marital status, dependency ratio, life expectancy & health conditions and "other investment opportunities" includes equity investment, risk free investment, mutual fund investment. Research limitations/implications – The content of the paper is woven around behavioral, economical, financial and social disciplines and therefore, it is not possible to devise any statistical tools to empirically test the contribution of these factors in performance of individual life insurance. Originality/value – The paper provides a broader perspective about the performance of individual life insurance sector. Study figures out some serious economical, behavioral and social constraints that should be first sorted out to pave the way for any viable strategy to succeed in improvement of the existing sys!
tem of life insurance. The findings of this paper may be useful for th
e policy makers, researchers, academicians, financial experts, regulators, Islamic financial institutions and insurance institutions who wish to improve the performance of individual life insurance.
Keywords: Determinants, Consumption, Individual Life Insurance, Pakistan
EXTENSION of the file: .doc
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