Page 40 - Banking Finance January 2019

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ec arat on of u an R hts h ch states ver one as cons dered as a eans of eco n r chest n the soc et
a e er of soc et has the r ht to soc a secur t and s a n nvest ent out of t Rather t has otent a for not
ent t ed to rea at on throu h nat ona effort and a o n one to eco e oor n the r soc et hus fe
nternat ona co o erat on and n accordance th the nsurance can e cons dered as the ut ost soc a secur t
or an at on and resources of each State of the econo c easure n our soc a conte t
soc a and cu tura r hts nd s ensa e for h s d n t and the
free deve o ent of h s ersona t
re ent o ition o i e n rance
ine
nder the soc a nsurance the nsured rea s enef ts of the r
contr ut ons fro the nsurer n ter s of ret re ent Re ard ess of the fact that the e u t ar et s resent n
ens on d sa t nsurance surv vor enef ts a correct ona hase the fe nsurance ar et n nd a
une o ent nsurance etc n an deve o n countr es see s to e ro n at a ood ace ver the co n to
e nd a soc a secur t easures are essent a to e ears the nd an fe nsurance ndustr s est ated to
rov ded to ass o u at on to rove the standard of a nta n a ood ace of esca at on and Ma fe nsurance s
v n of the co on c t en h ef erat ons ff cer and Sen or rector s anand
est ates that t ro to Accord n to Mr
he const tut on of our countr as er Art c e states that s anand the sh ft to f nanc a assets fro h s ca assets
the state has to rov de eans th n ts econo c ro a n er h e the stoc ar et vo at t ur e
ca a t es n such a a that c t en can f nd e o ent eo e to cons der fe nsurance he cono c Surve
educat on ass stance for a ha fe th re ard to o d a e re eased n anuar dec ared that the nsurance enetrat on
ness d sa t etc nterest n e are not n that the n nd a a f ed to n fro n
nsurance enetrat on and nsurance dens t are rov n and nd a s nsurance dens t has a f ed to fro
over the ast fe ears st the otent a of fe nsurance n
sector s et to e cu t vated n our countr
i e n rance an Socia Sec rit
ee or Socia Sec rit fe nsurance a s a v ta ro e n rov d n soc a secur t
n one s fe the f nanc a ann n s ver ortant to surv ve to the co un t he events that ta e art n the fe of
the ost ret re ent fe o one can est ate hat an nd v dua are not a a s accord n to the r est at on
ha en to our jo nt fa of f ve e ers hav n one n such events there a e an out urst of f nanc a stress
earn n e er Acc denta f an un easant ha ens h ch a fa cannot co e u th ere es the ro e of
th that earn n e er tera the ho e fa the nsurance o c f an nd v dua can understand and
co e at the cross road no one stand th the fa for dec de the r ht a ount of fe nsurance that he she can
ver on er od he rest of the fa e ers urchase h s her fa a not have to face the f nanc a
stru e hard for the r susta na t n a sence of the hurd e n h s her a sence or n case of an such sfortune
earn n e er

ere es the need for soc a secur t to that fa nder
the ter fe nsurance an ones fe can e ensure at east
for ten t es of h s her annua nco e such that a cor us
of su assured a ount e handed over n the hands of
the no nee of the nsured erson h s cor us a ount
he to a nta n the ve hood of that art cu ar fa
thout co ro s n th the standard of v n n the
soc et

herefore there s an ense need of the fe nsurance n
ones fe to ve a susta na e ve hood to the rest of h s
her fa e ers n th s a fe nsurance cannot e

0 | 2019 | JANUARY | AN N NAN