Popular Posts

Document List For Gujarat Government Scheme And Certificate I Gujarat Government

Insurance and economic growth mutually influence each other. As the economy grows, the living standards of people increase. As a consequence, the demand for life insurance increases. As the assets of people and of business enterprises increase in the growth process, the demand for general insurance also increases. In fact, as the economy widens the demand for new types of insurance products emerges.
Insurance is no longer confined to product markets; they also cover service industries. It is equally true that growth itself is facilitated by insurance. A well-developed insurance sector promotes economic growth by encouraging risk-taking. Risk is inherent in all economic activities. Without some kind of cover against risk, some of these activities will not be carried out at all.


Also insurance and more particularly life insurance is a source of long term savings and life insurance companies are thus able to support infrastructure projects which require long term funds. There is thus a mutually beneficial interaction between insurance and economic growth. The low income levels of the vast majority of population has been one of the factors inhibiting a faster growth of insurance in India. To some extent this is also compounded by certain attitudes to life. The economy has moved on to a higher growth path. The average rate of growth of the economy in the last three years was 8.1 per cent. This strong growth will bring about significant changes in the insurance industry.

Stay connected with www.socioeducation.in for latest updates

Important: Please always Check and Confirm the above details with the official website and Advertisement / Notification.
0 C "Document List For Gujarat Government Scheme And Certificate I Gujarat Government"

© Copyright 2019 at www.socioeducation.in

Disclaimer :
The Examination Results / Marks published in this Website is only for the immediate Information to the Examinees an does not to be a constitute to be a Legal Document. While all efforts have been made to make the Information available on this Website as Authentic as possible. We are not responsible for any Inadvertent Error that may have crept in the Examination Results / Marks being published in this Website nad for any loss to anybody or anything caused by any Shortcoming, Defect or Inaccuracy of the Information on this Website.

KJPARMAR BLOG|| Maru Gujarat .In Govt Jobs|| Aapnu Gujarat|| Freejobalert.com|| Bhavesh Suthar Blog || Ojas Gujarat
Back To Top