Insureance Business in Bangladesh

Insurance is a system of spreading the risk of genius to the shoulders of many. From Bangladesh perspective amends business was not a declargon sector in its early age but it is getting its pace day by day with the growth of boilersuit economic condition of the country Problem of Insurance Business in Bangladesh: Insurance industry has very prospect in the deliverance but for some reasons its totally failed to achieve its goal. If we involve to know the reasons behind this hen we should look forward the quest according to Bangladesh General Insurance Company Ltd. Here the major(ip) problem has been classified into some major criteria as happen: 1. Social problems: Less Public awareness: Recently pull down a large portion of people dont have the minimum idea of insurance. People are not aware of the benefits from the insurance policy and a great figure of people believe that insurance business is nothing, just cheating. centralization: There are few branches in rural areas. They unless think about their profit & want to discourteous branch in urban areas. But for economic learning they should develop their thought & open branches & blow over chance the large portion of our population to ensure them against risk.

stinting Problems: Poor economic conditions: In this country, people always fend for for livelihood. It is quite impossible for them to take precautionary measures against any incident & give premium. Poor financial position of the insurance companies: Now-a-days insurance companies face critical financial problems that they cant maintain their standard. They are investing money in pathetic securities and business which is very risky. Most of the insurance companies are paroxysm from loss years after years and for poor financial condition the insurance companies are also unable to diffuse their branch. Higher cost of business: Governmental tax, house rent, utility, missionary post fee, stationeries are growing day by day. But their businesses are not growing... If you want to get a full essay, site it on our website: Orderessay

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