B.
Information and Opinion from Employees........
1. Present popularity of life insurance
2.
3.
The majority (95.8%) did not have a life insurance policy.
About half (42.8%) considered life insurance useless.
The two relatively more common reasons given for not having a life
insurance policy were: (1) being still young, they did not think about
problems arising from death; (2) they never thought about life insurance.
(page 45)
Present popularity of medical insurance
Very few (1.5%) had nedical insurance. Even fewer (1%) had sickness
insurance providing income allowance during sickness.
considered sickness insurance useful.
However, 88.2%
The two relatively more common reasons given by employees who
considered sickness insurance useless were: (1) their employers had
already provided sufficient sickness benefits; (2) they considered
the chances of getting sick to be slim. (page 46)
Present popularity of retirement benefits
C
14.5% were covered by a retirement benefits scheme of some kind.
72.9% considered that it was necessary to join a retirement benefits
scheme.
4.
The two relatively more common reasons given by those who considered
it unnecessary were: (1) being young, they did not think about problems
arising from retirement; (2) they felt that the future was uncertain. (page 48)
Comparative value of benefits as offered in the proposed scheme
They were found to be in the following order:
Sickness benefits
Retirement benefits
Housing loan facilities
Life insurance
In the overall ranking, the last two came very close together. (page 48)
5.
Value of the scheme versus contribution
The majority (78%) thought that it was worth paying 2% of their salary
as premium.
(page 49)
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