Title page for ETD etd-03302010-150358

Document Type Master's Dissertation
Author Ebrahim, Shameela
URN etd-03302010-150358
Document Title A comparative study of the perceptions of corporate managers to those of low income earners concerning funeral insurance needs
Degree MBA
Department Gordon Institute of Business Science
Advisor Name Title
Mr C Jonker Supervisor
  • insurance industry
Date 2007-04-08
Availability unrestricted

This exploratory study examines the differences in perceptions between managers of corporate firms in the financial services industry and those of a sample of the low income market concerning funeral insurance needs. The purpose is to understand these differences and whether the opportunity exists for corporates to achieve greater market orientation.

A sample was drawn from the corporate firms, banks and insurance companies who currently offer funeral products. Qualitative interviews were conducted with senior managers who had an influence on the developing products for the market. A second sample representing the LSM1-5 group (low income) was drawn from a township outside Johannesburg. The resultant perceptions were compared to each other.

Findings reveal a lack of market orientation on the part of most service providers coupled with low levels of market understanding. However, service providers have also displayed a willingness to re-orientate themselves to the market.

Further, the market displays a willingness to purchase formal products but certain incorrect perceptions and a shortage of appropriate products could be preventing greater uptake. Recommendations for managers and for policymakers on more meaningful ways of understanding and designing for the market are offered.

The exploratory nature of the study has also yielded ideas for future research that could be of value in accessing and serving the market.

The author presents a model for researching low income markets based on the findings of this study coupled with precepts of consumer behaviour theory.

2006 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria

Please cite as follows:

Ebrahim, S 2006, A comparative study of the perceptions of corporate managers to those of low income earners concerning funeral insurance needs, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://upetd.up.ac.za/thesis/available/etd-03302010-150358/ >


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