Show simple item record

dc.contributor.authorBusima, Jude
dc.date.accessioned2021-03-22T08:32:11Z
dc.date.available2021-03-22T08:32:11Z
dc.date.issued2021-03
dc.identifier.citationBusima, J. (2021). A model to design a micro-pension product with a temporary annuity for small scale farmers in Uganda. Unpublished undergraduate dissertation. Makerere University, Kampala, Ugandaen_US
dc.identifier.urihttp://hdl.handle.net/20.500.12281/9713
dc.descriptionA dissertation submitted to the School of Statistics and Planning in partial fulfillment of the requirements for the award of the degree of Bachelor of Science in Actuarial Science of Makerere Universityen_US
dc.description.abstractThe major objective of this research was to design a micro-pension product that would pay out a temporary annuity on maturity to coffee farmers in Uganda to enable the sustainable increase in coffee growing from one generation to another. According to a report by Uganda Coffee, it is estimated that about 1.7million households depend on coffee farming and if anything (accident or death) would happen to the farmer who is the head of the household, this could cause financial constraints in the family because currently there is no pension product on the market for farmers in Uganda. The specific objectives include first and foremost to design a pension product that achieves a profit margin of at least 3.1%, secondly to design a product that targets a niche market of small-scale coffee farmers in Uganda, thirdly to design a pension product that incorporates unique features including disability benefit given to the farmer who gets involved in an accident and a death benefit given to the dependents in case of death of the farmer, last but not least to design a pension product that targets a niche market of small-scale coffee farmers in Uganda, lastly to design a pension product that will enable me carryout sensitivity analysis to establish the most significant variables that affect the profit margin. The profit testing method was used to determine the price of the product. Using the profit testing method, the following results were obtained; taking an example of a typical farmer aged 25 who takes out a 30-year term contract contributing 200,000 Uganda shillings is entitled to a temporary annuity of 392,639 Ugandan shillings every year for fifteen years. The above results were tested by varying the assumptions. The key assumption that was found to be significant is management charge and it would require constant monitoring and repricing done if it varies so much from the acceptable range.en_US
dc.language.isoenen_US
dc.publisherMakerere Universityen_US
dc.subjectMicro-pension producten_US
dc.subjectPension producten_US
dc.subjectSmall scale farmersen_US
dc.subjectFarmersen_US
dc.subjectCoffee farmersen_US
dc.titleA model to design a micro-pension product with a temporary annuity for small scale farmers in Ugandaen_US
dc.typeThesisen_US


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record