Malaysian Consumer Intention toward Takaful Scheme for Mental Health Disorders: A Preliminary Findings using Multiple Regression Analysis
DOI:
https://doi.org/10.31436/jif.v9i1.405Abstract
Mental health disorders are predicted to become the next health concern after heart disease impacting the Malaysians by year 2020. It was reported that one in five teenagers felt depressed, two out of five felt anxious, 11.2% felt suicidal and 10.1% attempted suicide. These statistics are extremely alarming and there is an urge for the Islamic wealth protection operators to introduce a takaful scheme that covers mental health treatment in Malaysia. This paper investigates the factors influencing the Malaysians consumers’ intention towards the takaful scheme for mental health disorders. An applied expanded Theory of Reasoned Action (TRA) model were used in the research and the variables such as awareness, perception, attitude, subjective norm and intention towards the takaful scheme for mental health disorders were investigated. This study is meant as a pilot research carried out in Malaysia. The respondents participated in this study were 60 Malaysians takaful consumers who undertook an online survey in Klang Valley, Malaysia. This study reveals that the mean of attitude with the score of 4.27 is the highest score. The Pearson correlation is positive for both independent and dependent variables. Analysis of regression indicates a strong positive relationship between subjective norm and intention, thus suggesting that subjective norm is an important area that links the intention against the mental health disorder in takaful scheme. This research also proposed for future studies to focus on the factors that affect the willingness of consumers towards takaful mental health disorder schemes. It is hoped that the results of this study will serve as an informative reference for further development of takaful scheme for mental health disorder.
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