Although the insurance sector started with the establishment of General Insurance and Life Insurance Corporation in 1983, today, i.e. 1st March is being observed as National Insurance Day for the first time.
A quarter of a crore of people in the country is covered under
various types of insurance, though many do not have a positive attitude towards
insurance.
However, economic analysts say that insurance can ensure the
future security of an investor while at the same time his risk is
institutionally shared.
What is insurance?
Professor Hasina Sheikh (Director, Department of Banking and
Insurance, Dhaka University) said that insurance is the transfer of the risk of
possible loss of life, property or property to an institution in exchange for a
certain amount of money.
Individuals or insurance companies take partial or all
possible risks of the client in exchange for money by looking at, knowing and
understanding the relevant insurance terms before taking out insurance.
Suppose, health insurance or health insurance, where you are depositing a certain amount of money against your own health situation, the purpose is that if you have an accident, the insurance company will pay a part of a large part of your health expenses.
This is the amount of money you are depositing, it is called the premium.
In case of illness or accident, health insurance is usually to pay the insurance to the customer after receiving the 'cashless' service or service in the listed hospitals.
If you do not receive
the promised amount after the expiration date, you need to know what protection
the customer has
Professor Hasina Sheikh said, "Simply put, it is like paying to protect yourself from possible future losses.
What kind of insurance is introduced in our country?
In our country, there are usually two types of insurance - life insurance and general insurance.
In life insurance, a person can ensure the life of himself or
any member of the family. In this case, after the death of the insured person,
the entire sum insured will be paid to the family or the nominee.
In our country, health insurance for garment workers and general insurance includes all types of insurance including health, trade, industry, agriculture, vehicles.
There are 6 insurance companies in our country, of which 32 are life insurance companies and 48 are general insurance companies. These include life insurance and a general insurance state-owned company. There are also two foreign insurance companies.
What are the things to keep in mind?
Professor Hasina Sheikh said that the network of insurance companies in our country extends to remote areas of the country, so there is a lot of opportunities for financial institutions to work.
He said, "You have to go to the bank for opening an account, depositing money and other things. But to insure, the insurance agents go to the customer's house and persuade him to work, so the hassle is saved and there is no need to wait for any service at the bank." That's why village farmers now insure their agricultural products and livestock. "
There are many misconceptions about insurance but there are allegations of negative experiences in getting money after the end of the insurance period, which is why Professor Hasina Sheikh said that a customer has to take care of a few things before taking out insurance.
Before insuring, you need to see, know and understand the relevant insurance
terms.
Premium submission rules and what to do after the deadline.
It is important to know exactly how much money will be paid
after the expiry of the term and within how many days the promised amount will
be received.
If the promised money is not received in time after the expiry of the term, the
customer has to know what legal protection he has.
Learn More:
How to Choose the Best Car Insurance Company for Me?
Top 10 largest auto insurance companies in the (U.S.)
United States - 2022
Rules and fees for online motorcycle insurance
US
Private Auto Insurance faces 'tough environment' in losses on C2
US Private Auto Insurance faces 'tough environment' in
losses on C2
What is insurance and how many types of insurance?
What are the things to keep in mind before insuring?
What will the private line
insurance sector look like in 2022?
Difficulty :
Professor Hasina Sheikh said that the biggest problem in the insurance
sector in our country is the crisis of confidence.
Although insurance has been introduced in our country for over 48 years, there is still some confusion and lack of knowledge among the general public about insurance.
At the same time, after the expiration of the term or in the case of life insurance, after the death of a family member, there are allegations of problems in getting the insured money.
"In this case, there is a problem on both sides, for example, the customer may not pay attention to the conditions when insuring. Some conditions may not be met properly, but the customer does not know what to do in that case. On the other hand, Or paying the promised amount on time at the end of the term - these are often shortcomings on the part of the company. "
He thinks that the lack of proper training and skills of insurance agents in the country is one of the reasons behind this.
"At the same time, if an organization breaks its promise, it must be punished."
No comments:
Post a Comment