International Journal of Supply Chain Management
Vol 9, No 5 (2020): International Journal of Supply Chain Management (IJSCM)

Factors Affecting the Decision to Purchase Life Insurance Products in Vietnam

Tam, Phan Thanh (Unknown)



Article Info

Publish Date
26 Mar 2021

Abstract

In the current momentum of economic development, insurance increasingly demonstrates its essential role in socio-economic life. The critical part of insurance is financial service and social security mechanisms in the national economy. The life insurance product is a necessary product with both mental and physical value. Therefore, understanding life insurance’s meaning and benefits help customers have a positive outlook on life. Thus, the paper objective determines the factors affecting the decision to purchase life insurance products in Vietnam. The results showed five determinants: Benefit awareness, subjective standards, attitude towards life insurance, financial literacy, and access to the product. All five factors affected the intent and the decision to purchase life insurance products in Vietnam with 1% significance. Since then, the authors gave several recommendations to enhance the decision to buy life insurance products

Copyrights © 2020






Journal Info

Abbrev

IJSCM

Publisher

Subject

Decision Sciences, Operations Research & Management Engineering Environmental Science Industrial & Manufacturing Engineering Transportation

Description

International Journal of Supply Chain Management (IJSCM) is a peer-reviewed indexed journal, ISSN: 2050-7399 (Online), 2051-3771 (Print), that publishes original, high quality, supply chain management empirical research that will have a significant impact on SCM theory and practice. Manuscripts ...