We have been seeing in our country since childhood that we appeal for help to the people around us just in case of any danger, especially just in case of illness or accident. We help or try and do the maximum amount as we are able to out of a way of human, social and moral responsibility, from friends to neighbors to finish strangers. they’re very lucky to induce the proper help in time. But people who don’t get are not any longer as unfortunate.

the matter is essentially in four cases. First, if the quantity of assistance is large. Secondly, because of the hesitation of the assistance seeker or the other reason, the appliance for help failed to get proper publicity. Thirdly, whether or not it gets publicity, that appeal might not be acceptable to everyone. and therefore the fourth problem could be a little rough and rare but not unrealistic and it’s that the helper is uninterested in giving help or the helper can not help quite that.

the thought of ​​co-operative societies, insurance, etc. to produce resource to people at a time after they have a foul time, where a bunch of individuals will regularly deposit a specific amount of cash at a specific time and if any member of that group has any problem .

Over time, the scope, effectiveness and necessity of this insurance concept have grown to such an extent that it’s officially mandatory in many countries within the developed world. And in countries where it’s not compulsory, people put off various sorts of insurance on their own to fulfill their needs. But the concept of insurance isn’t so popular among the people of our country.

But it’s much needed for the people of our country. Because most people have relatively little savings, irrespective of what our job or business, and far more other costs or medical expenses. So even with an honest job or business, it’s impractical to supply money for expensive treatment if there’s a foul illness then assistance is needed. Suppose there’s just one workman in an exceedingly family and also the family runs on his income.

If for a few reason the person is that the victim of an accident, then the matter starts. Maybe he needs several rupees further as losing his job thanks to an accident then he needs joint help. those that are helping by giving or raising different amounts of cash at different times, if they are doing this during a little organized way and consistent with some rules, then a helping organization will be established.

Another name for this support organization is insurance firm. once we help someone, we don’t lend it or provides it for profit. We even have to pay a particular amount of cash per month to the nondepository financial institution which is far but the number of help but the difference is that if you ever apply for help here, you may also get help per the policy. and therefore the money you deposit every month is far but the one-time money you give to assist an exponent or relative.

Let’s provides a very simple, small example. Then at the top of the month the gathering are going to be 10 crore rupees, at the top of the year 120 crore rupees and in ten years twelve hundred crore rupees. within the meanwhile, only 10 hundred rupees per person was deposited in 10 years.

Now the rule is that if one in every of these one crore people is that the victim of an accident, he will get that quantity in line with his situation. for instance, if someone dies in an accident, he will get a maximum of 1 crore rupees or just in case of any mutilation, 50 lakh rupees or a maximum of 25 lakh rupees for medical treatment. If a maximum of 1,200 people die in an accident, the families of these 1,200 people will get one crore rupees, just in case of mutilation, 2,400 people will get 50 lakh rupees, and a maximum of 4,600 people will get 25 lakh rupees for medical treatment. to create the instance easier to grasp, Rs.

But if some a part of this money is invested profitably, its amount are going to be rather more than 200 crore rupees. so actually the underwriter has been running for ages with the participation of the many times more people with far more money and has been providing services to its consumers.

But it goes without saying that the folk of our country don’t seem to be inquisitive about insurance for a few reason. the primary reason for this disinterest is that while there’s little publicity and publicity about insurance, it’s not at the amount of the overall public.

At a really young age, a television advertisement for the insurance Corporation showed two elderly couples walking around, relaxing, and later saying, “This carefree life is that the contribution of a insurance pension policy.” It appeared to me that this ad was incomprehensible to people of all classes and professions. Again, what number people had televisions in their homes at that point can be counted by hand. At the identical time there was yet another ad which was of very top quality. I don’t remember the name of the organization.

There was a kangaroo cub wandering within the middle of the forest and just then some accident happened, then the cub ran and got into the mother’s belly. After an extended time i noticed that mother kangaroo is your policy and if you’re at risk then a policy like mother kangaroo will facilitate your. So it’s understandable how weak the insurance campaign is in our country.

But if some a part of this money is invested profitably, its amount are far more than 2 hundred crore rupees.

so really the nondepository financial institution has been running for ages with the participation of the many times more people with far more money and has been providing services to its consumers.

But it goes without saying that the folk of our country aren’t fascinated by insurance for a few reason. the primary reason for this disinterest is that while there’s little publicity and publicity about insurance, it’s not at the amount of the final public. At a really young age, a television advertisement for the insurance Corporation showed two elderly couples walking around, relaxing, and later saying, “This carefree life is that the contribution of a life assurance pension policy.”

It gave the impression to me that this ad was incomprehensible to people of all classes and professions. Again, what percentage people had televisions in their homes at that point may be counted by hand. At the identical time there was yet another ad which was of very top quality. I don’t remember the name of the organization. There was a kangaroo cub wandering within the middle of the forest and just then some accident happened, then the cub ran and got into the mother’s belly.

After an extended time i spotted that mother kangaroo is your policy and if you’re in peril then a policy like mother kangaroo will facilitate your. So it’s understandable how weak the insurance campaign is in our country.

Secondly, i’ve got asked a number of my relatives around me and located out that we’ve got some misconceptions about insurance, such as,

1) Insurance means fraud. After selling a policy, they’re going to don’t have any news

2) Premium money is returned with profit at the top of a particular period of your time

3) Insurance money is rarely fully available

4) Religious rules about insurance

These ideas are created because of some unscrupulous insurance traders and sales representatives in our country. Government intervention is required first to beat this problem. the task of the govt is to review and permit all the institutions thoroughly then monitor them for a specific period of your time. At the identical time, the govt needs to take various necessary steps to extend public awareness.

Second, insurance companies should work ethically. Any organization should be established as an ethical organization, be it a poster organization or a non-profit organization. the most condition for being an ethical organization is that the traders refrain from resorting to fraud within the hope of constructing more profit or for a brief profit. At the identical time, the sales representatives should be sure to not deceive the consumers.

Thirdly, the final public must be more aware. Only by verifying and understanding well, the organization has got to choose and adopt the policy. i do not want to touch upon religious restrictions here, but insurance companies operate in numerous ways in almost every country within the world.

i will be able to end with atiny low examples.Many of those were later re-established as commercial organizations. For batch reasons i’m also a member of the 96-98 Facebook group. Club 96-98 Ltd. is a company made from members of this batch.

Similarly, another organization of current and former students of Shahjalal University of Science and Technology is termed “Sust Club Limited”. i believe the recognition, participation and reliability of such organizations is way higher, because we or our acquaintances have an on the spot involvement here.

These organizations provide assistance for various needs at different times. So i feel that if they’d come out as an insurance firm following certain policies, there would are lots of advantages for everybody