The Preference of Insureds to choose between Endowment and Annuities, Evidence from The Egyptian Insurance Industry

نوع المستند : المقالة الأصلية

المؤلف

كلية التجارة - جامعة بنى سويف

المستخلص

Abstract.
Importance
Understanding the factors that support customers preferences for endowment insurance or annuities is critical for optimizing retirement planning and boosting coverage rates within the insurance sector in Egypt, limited participation in annuities and the irregular growth of endowment that requires considerable investigation
Objectives:
This study aims at exploring the determinants that influence the choice and coverage value of endowment and annuity policies in the Egyptian insurance market between 2010 and 2024. Specifically, it examines how variables such as gender, age, regional location, payment frequency, and policy duration affect consumer decisions, and the insured amount associated with each product type.
Findings
The analysis reveals that women are more likely to purchase endowment policies, potentially due to provide protection for their children after death, while men dominate the annuity market, reflecting a focus on long-term income security. Geographic disparities are evident, with certain districts consistently associated with higher insured amounts, suggesting localized differences in financial access and literacy. Payment frequency significantly influences coverage value - with semi-annual payment structures linked to higher benefit levels. Additionally, age and policy duration have opposite effects across policy types, positively influencing endowment coverage but negatively affecting annuity coverage- highlighting product- specific risk assessments and consumer goals.

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