Insurance Policy Integration for Curbing Educational Waste in Public Secondary Schools in Rivers State
- September 18, 2019
- Posted by: RSIS
- Categories: Education, IJRISS
International Journal of Research and Innovation in Social Science (IJRISS) | Volume III, Issue IX, September 2019 | ISSN 2454–6186
Richard ANIETIE, Tessy Lucky UBA, Rita Seimogha Matthew ODOU
Department of Educational Management, Faculty of Education, Ignatius Ajuru University of Education, Nigeria
Abstract:-The study investigated insurance policy integration for curbing educational waste in Rivers State. To carry out this study, two research questions and one hypothesis were raised to guide the study. A mean, standard, rank order and percentage was used to answer research questions and a null hypothesis wastes at 0.5 of Alpha significant level. Descriptive survey design was adopted and a population of 494 was randomly selected from the secondary schools present in the 23 Local Government Areas of Rivers State, Nigeria, using stratified random sampling technique. A research questionnaire tagged “Educational Insurance Policy Integration Questionnaire (EIPIQ)”, with reliability coefficient of 0.72 obtained through a test-retest was formulated and tested for validity and reliability. The study identified family income insurance, child deferred assurance, school fees policy, long term disability insurance, health insurance policy as the insurance policies that can be integrated to curb educational waste. The study concluded that since education is an investment, it therefore entails that there will be need to find insurance policy that would curb investment waste. Based on the conclusion, the study recommended that all the educational stakeholders and the principals in particular must collaborate with insurance institutions to design insurance policy that would curb educational waste.
Keywords: Insurance, Policy integration, Education wastage, Secondary, Secondary schools.
I. INTRODUCTION
Insurance is a business trend that has historical relevance to trade and any other organisation including the school. Its relevance has been resultant in the rising tendencies of risk in business organisations. It has since transcended into a financial institution whose pure form is a social good which can also be classified as a kind of public good that generates positive externalities (Lester, 2009). In the idea of Lester, insurance appears to add an upbeat value to the business environment with prospects of enjoining continuity and sustainability. After all the resources that has been invested in education, there has been an unprecedented cases of dropout due to inability of a learner’s financier to continue to foot the user bills of the learner.
