Page 39 - Banking Finance January 2019

A

LIFE INSU ANCE

AND SOCIAL

SECU IT AN

O E IE

ntro ction su erf uous d saster A thr v n nsurance sector s ver
s n f cant to ever odern econo rst t encoura es
fe nsurance s n fact an a ree ent et een the nsured
the tendenc of sav n second t rov des a safet net to
and the nsurer n h ch the o c ho der acce ts to
rura and ur an enter r ses and roduct ve nd v dua s And
co ensate re u ar re u to the nsurer n return the
erha s ost ro nent t enerates on ter nv s e
nsurer uarantees onetar fort f cat on to the nsured n
funds for nfrastructure u d n
case of an acc dent or sha s f the nsured d es n
acc dent f nanc a he s rov ded to h s fa e ers
he nature of the nsurance us ness s such that the cash
nf o of nsurance co an es s unvar n h e the a out
hus fe nsurance s essent a as t rov des rotect on to
s deferred and cont n enc re ated h s character st c
not on ou ut a so to our fa n case of an
feature of the r us ness a es nsurance co an es the
r nc a nvestors n on estat on nfrastructure
deve o ent rojects n a deve o ed and as rant nat ons

De a an Seng ta h s s the ost ersuas ve reason h r vate sector and
e e in o e e fore n co an es h ch s read the nsurance ha t
e o o e e n the soc eta and consu er nterest are ed ate
S a a a a o e e o a a
re u red n th s v ta sector of the econo en n u of
nsurance to r vate sector nc ud n fore n arta n has
Dr Ra ra a o ar resu ted nto var ous o ortun t es and cha en es n nd a
o ia e o e o
e o o e e Meaning o Socia Sec rit
ni e i o a a
Soc a secur t s asserted n Art c e of the n versa

AN N NAN | JANUARY | 2019 | 9