@article{Ehiorobo_Okon_Mojekwu_2019, title={Examining the Socio-Economic Factors Affecting the Choice of Insurance Products in Nigeria}, volume={7}, url={http://ujh.unilag.edu.ng/article/view/510}, abstractNote={<p>This study examined the socio-economic factors affecting the choice of insurance<br>products in Nigeria. Using the cross-sectional survey design and the convenience<br>sampling technique, a structured questionnaire was administered to 400 participants that<br>had contracted insurance policies in Lagos State, out of which 317 were deemed usable<br>for the study. An analysis was done using the t-test, and from the hypothesis tested, the<br>result revealed that family influence, religion, and income level influenced the choice of<br>insurance policy in Nigeria. Based on the findings, it is recommended that the federal<br>government should continue sensitizing the public on the need for insurance and enact<br>policies that will encourage low-income earners to participate in the purchase of<br>available insurance policies. Insurance companies on their own part should put in place<br>policies which allow for prompt payment of claims, making sure their policies are explicit<br>enough and they have employees with the right attitude.</p&gt;}, number={1}, journal={Unilag Journal of Humanities}, author={Ehiorobo, O. A. and Okon, S. and Mojekwu, J.N}, year={2019}, month={Dec.}, pages={152-164} }