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  #1  
Old 07-23-2013, 02:05 PM
tony gray tony gray is offline
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Default The main reason for growth of insurance in developing countries:

The main reason for growth of insurance in developing countries:
Developing countries have become the main areas where these companies are investing,
In developing countries people fear many risk in there life they are facing many difficulties along there normal budget which forces them to get some ways to plan a good source of income even after retirement .The provision of good salary is feeble in developing nations so people cannot save a lot making them to face difficulties during tough situations od if any accident occurs and this is the point where these insurance companies help people but one has to beware what plan he choose as any kind of fraud by the insurance company can lead to your mis happening.
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  #2  
Old 10-16-2013, 07:04 AM
shreya123 shreya123 is offline
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Default Re: The main reason for growth of insurance in developing countries:

very valid point raised. But not only in developing countries,insurance is also important in developed countries also.
Thanks
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  #3  
Old 10-29-2013, 02:23 PM
danielhermann danielhermann is offline
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Default Re: The main reason for growth of insurance in developing countries:

Insurance is such a matter which is required in every household, every company, every place where there is investment inform of money, manpower, knowledge. Wherever these things come there come along with the factor called as RISK. To counter attack this RISK factor there comes the INSURANCE to give a solution to the RISK.

Be it in any country whether developed or under developed Insurance has become a very known word/idea. Thanks to the knowledge gained by the modern day world.
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Old 09-25-2015, 07:58 AM
Diana Krall Diana Krall is offline
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Default Re: The main reason for growth of insurance in developing countries:

Insurance is must for your business, life, car, travel etc. No matter which one is your country, whether that is developed, developing or un-developed. Insurance play the role of backbone in any bad situation. And Insurance grows in every part of the world now.
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Old 06-06-2016, 06:32 AM
Manish M Manish M is offline
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Default Re: The main reason for growth of insurance in developing countries:

I too agree that Insurance should be encouraged for everyone around us. No matter which country you belong to, it is wise to make use of insurance irrespective of different risk factors.
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Old 09-15-2016, 07:00 AM
ColomboMan ColomboMan is offline
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Default Re: The main reason for growth of insurance in developing countries:

Insurance is important always I think
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Old 01-29-2017, 04:17 AM
stewartdean98 stewartdean98 is offline
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Default Re: The main reason for growth of insurance in developing countries:

The insurance industry in the country is set in the growth trajectory and is expected to grow significantly in the coming years due to rising financial literacy, according to a recent report.

"The Indian insurance sector is set to mark a significant growth in the coming years. The lower level of penetration, favourable demography, initiatives like 'Pradhan Mantri Jan-Dhan Yojana' for enhancing financial inclusion, rising financial literacy along with increase in domestic savings consequent to rise in per capita income are expected to support the growth of insurance sector going forward," said a report by Dun and Bradstreet.
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