Impact Of Life Assurance Business On The Growth Of Nigeria Economy

Agbaji Benjamin Chukwuma, Solomon David Pere

Abstract


This research work examined the impact of life assurance business on the growth of Nigeria economy. The study focused on the selected insurance companies in Enugu metropolis. Descriptive research deign was used to carry out this study. A sample size of 100 was derived from a total population of 150 staff using Taro Yamane sampling formula. Data analyzed in this study were gotten from a well-structured questionnaire. And z-test statistical model was utilized in testing then research hypothesis.Based on data analyzed, it was discussed the life assurance business has a positive impact on the individuals and the growth of Nigeria economy. Based on the analysis the following recommendations were made: that there is need for insurancepractitioners to periodically develop new products to meet the  insurance needs of Nigeria awareness campaign should be carried out about the benefits of life assurance, genuine claims should be properly settled, competent workers should be employed among other issues,


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