- The Complete Research Material is averagely 59 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦6,000
Get the complete project »
CHAPTER ONE
INTRODUTION
1.1 Background of the Study
The research is to be conducted on “The impact of insurance service on business survival in Niger Insurance Plc Kaduna. Insurance is meanly concerned with provision of financial security or protection of industries, institution and individuals against their economic losses, since they have content with the risk and uncertainties associated with business properties and life.
Therefore, Insurance creates awareness for the society since they are faced with a lot of risk such as accident, job termination, fire-outbreak, thief, flood, death. Insurance exists in order to ensure the survival of the business, there by fastening economic development and growth all over the world. Insurance is actively wolves in the protection of investment by providing cover against risk which may disrupt project and encourage individuals and organization to harvest good result. The Insurance insuring Public (Individual’s corporate organization and Government) in the economic transfer risks associated with the lives and economic transfer risks associated with the lives and economic activities to ensure companies, they are providing a means of protecting and conserving the wealth of the Nation.
1.2 Statement of the Problem
Insurance exists in order to ensure the survival of the business, but in these modern days, the rate of unawareness about insurance policies in Nigeria is very low, compared to the developed Nation. The Nigerians are under insured because Insurance companies do not fully appreciate the importance of Insurance marketing in the Security Sector and these are due to adequate training of personnel within and outside the organization that will convince the General Public. Another poor situation of the industry is the insufficient advertisement placement to ensure public enlightenment of Insurance policies. Some Staff never exhibits their ability and technical know-how, because of lack of motivation especially in the Marketing department. Also these above mention are also what Niger Insurance plc faces.
1.3 Objectives f the Study
I. To evaluate the impact of Insurance on business survival in Nigeria
II. To determine various Insurance policy used in safe guiding business
III. To identify the problem militating against Insurance firms to proffer solutions to the identified problems.
1.4 Research Questions
i. How does insurance affects business survival in Nigeria?
ii. What is the various Insurance policy used in safe guiding business?
iii. What are the problems militating against Insurance firm?
iv. How can these problems be overcome?
1.5 Significance of the Research
The study will be beneficial to Insurance companies as well as business enterprise especially as they utilize the findings of the study to enhance their businesses. The study will also contribute to the existing knowledge in Insurance. It will also be a useful material for study who may wish to use the research as a springboard to undertake their own research as well as other researchers who may wish to make further research on the subject matter.
1.6 Scope of the Study
The study covers an empirical examination of the impact of Insurance on the survival of business enterprise. Data collection would be restricted to Niger Insurance Company Kaduna. The study covers a time from 2006-2012.
1.7 Limitation of the Study
The study is restricted to Niger Insurance Plc, Kaduna as such, it is not certain if the same finding will be obtain if the research is conducted on another study area other limitation arise from the fact that the questionnaire as well as the survey method constitute the research instrument as well as a research design respectfully, it is not certain if other kind of instrument and design will yield the same result.
Non challant attitude constitute of respondent as well as their on cooperative attitude constitute a great limitation of their study.
1.8 Definition of Term
Insurance: Undertaking by a company, business or individual to provide safe against loss in return for regular payment.
Insurance business: The process of buying and selling of Insurance services.
Agent: He is the person who acts on behalf of another in bringing contractual relationship with third party.
Brokers: The brokers are highly skilled professionals who offer specialist advice to buyer of Insurance and as is in the placement of risk with Insurers of rebuke
Proximate cause: this is used to determine whether the loss sustained by the insured or was caused by the risk insured against.
Life Assurance: protection against the loss of future income which may arise as a result of the premature death of income-producer.
Cover Note: This is a temporary “cover” given to the insured by the Insurer in lieu of the policy. It is operational for thirty days but may be extended if the need arises.
Proposal Form: This is the printed form which the prospective insured fills out stating the risks which He want covered and providing the necessary information.
Insurer: Is the insurance company which is covering a particular risk.
Insured: Is the policy holder is the person who has an insurable interest in the subject of Insurance.
Underwriting: means undertaking to identify an insured for a risk or part of a risk.
Clouse: this is the legal aspect of law that is backing the practice of an Insurance act or policies.
Principle of Utmost Good Faith: This refers to as the Insurance business that boom on trust, any iota or lie or deceit refuses the confidence and discourage the growth of the business.
Social Security: This is a package that you have confidence to your future in terms of any incident assurance.
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
-
SIMILAR BUSINESS ADMINISTRATION FINAL YEAR PROJECT RESEARCH TOPICS
-
1. IMPACT OF INFORMATION TECHNOLOGY ON SECRETERIAL PROFESSION IN NIGERIA
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF STUDY By the mid 20th Century, humans had achieved a mastery of technology sufficient to leave the atmosphe...Continue Reading »Item Type & Format: Project Material - Ms Word | 43 pages | Instant Download | Chapter 1-5 | BUSINESS ADMINISTRATION DEPARTMENT
-
2. THE ROLE OF COMMUNICATION IN AN ORGANISATION (A CASE STUDY OF COCA-COLA NIGERIA COMPANY, UGHELLI)
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF STUDY Research has shown a continue interest in the study of organizational goal attainment especially when...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | BUSINESS ADMINISTRATION DEPARTMENT
-
3. THE IMPACT OF MANAGEMENT CHALLENGES ON THE PRODUCTIVITY OF INTERGRATED BUILDING TECHNOLOGY AND SERVICES LTD
» CHAPTER ONE INTRODUCTION 1.1 BACK GROUND OF THE STUDY Modern man’s aims and aspirations call for unprecedented co operative effort out capacity ...Continue Reading »Item Type & Format: Project Material - Ms Word | 65 pages | Instant Download | Chapter 1-5 | BUSINESS ADMINISTRATION DEPARTMENT
-
4. THE EFFECT OF HUMAN RELATIONS ON THE PERFORMANCE OF A SECRETARY IN AN ORGANIZATION
» CHAPTER ONE INTRODUCTION 1.0 Background of the Study The secretary’s work is based on human relations to a very large extent. Almost every task ...Continue Reading »Item Type & Format: Project Material - Ms Word | 62 pages | Instant Download | Chapter 1-5 | BUSINESS ADMINISTRATION DEPARTMENT
-
5. THE MANAGEMENT OF INSURANCE COMPANIES TOWARDS THE DEVELOPMENT OF BUSINESS ENTERPRISES
» ABSTRACT This project work titled ‘’the management of insurance company towards the development of business enterprises’’ a case Study of Roya...Continue Reading »Item Type & Format: Project Material - Ms Word | 50 pages | Instant Download | Chapter 1-5 | BUSINESS ADMINISTRATION DEPARTMENT
-
6. BUDGETING AS AN INSTRUMENT OF INTERNAL CONTROL IN A MANUFACTURING ORGANIZATION
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY According to Enudu (1999), the business environment is characterized by a lot of uncertainties ra...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | BUSINESS ADMINISTRATION DEPARTMENT
-
7. SAVINGS AND CREDIT COOPERATIVES AND MEMBERS’ WELFARE IN NIGERIA
» ABSTRACT Rwanda has implemented saving and credit cooperatives to improve and to promote economic status of Rwandans. But members of these saving and ...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | BUSINESS ADMINISTRATION DEPARTMENT
-
8. THE SUCCESS AND FAILURES OF ENTREPRENEURSHIP DEVELOPMENT IN RURAL AREAS USING ISOKO NORTH LOCAL GOVERNMENT AREA AS A CASE STUDY
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF STUDY The Nigeria rural areas consist of diversity of people with distinct cultures sustained by diverse ec...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | BUSINESS ADMINISTRATION DEPARTMENT
-
9. THE IMPACT OF PERFORMANCE APPRAISAL ON STAFF PRODUCTIVITY
» ABSTRACT The aim of the study was to establish the impact of performance appraisal on employee motivation at the Ministry of East Africa Community, La...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | BUSINESS ADMINISTRATION DEPARTMENT
-
10. EFFECT OF WORK ENVIRONMENT ON PRODUCTIVITY, IN DELTA TRANSPORT SERVICE LIMITED ASABA
» CHAPTER ONE INTRODUCTION 1.1 AN OVERVIEW OF THE STUDY Human effort in organization is indispensable. It constitutes a complex phenomenon to managers o...Continue Reading »Item Type & Format: Project Material - Ms Word | 68 pages | Instant Download | Chapter 1-5 | BUSINESS ADMINISTRATION DEPARTMENT