Table 1.

Insurance literacy knowledge areas and underlying knowledge dimensions (Sanjeewa and Hongbing, 2019)

Insurance literacy knowledge areasIdentifying and managing risksUnderstanding insurance principles and productsRights and responsibilitiesInformation acquisition
Underlying knowledge dimensionsPotential risk exposure + risk mitigation strategiesInsurance concepts and benefits + insurance products and perils coveredRights and duties of insuredInformation sources in insurance
Source(s): Author’s own work
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