Welcome to our Presentation

Presentation on

Role of Insurance Company In the Economic Development

of Bangladesh.

Group Name
Yellow
Name

Program

ID

Md. Shahariar Kousar

BBA

14102547

Md. Rasel

BBA

14102427

Mehedi Hasan Uthso

BBA

14102529

Md. Shakhauat

BBA

13102169

Objective of the Study:

The main objective of this report is to gather

knowledge about Role of insurance company in the
economic development of Bangladesh.
Identify how insurance company help the economy.
Problems in insurance business in Bangladesh.
Identify the solution of the problem.

Insurance
Insurance is actually contract between two parties whereby one party
called insurer undertakes in exchange for a fixed sum called premium to
pay the other party happening of certain event.

Contribution of Insurance in growth

of Bangladesh.
Positive contribution towards economic growth
total contribution of insurance is 0.9% in our GDP
in 2015. The way insurance company use to help
Bangladesh:
Formation of capital & increase of
investment.
Reduce of hindranceof risk.
Distribution of risks.
Maintenance of nationalwealth.
Extension of business.

Proportion of Insurance in GDP of

Bangladesh

How Insurance Companies Help the

Economy
Obtaining financing
Expanding business
Paying claims
Funding development
Paying taxes
Managing their business

The Role and Importance of Insurance

Provide safety and security
Generates financial resources
Life insurance encourages savings
Promotes economic growth
Medical support

Continue
Source of collecting funds
Encourages savings
To facilitate international merchandise trade
To facilitate credit by providing security for the
bank lenders in the event of borrowers default.

Role of insurance in the

Micro Economy
Household insurance
Natural disaster insurance
Health insurance
Small scale entrepreneurship insurance

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Problems in insurance
business in Bangladesh.
Low per capita income.
Lack of awareness of customer.
Bad impression about insurance company.
Low savings.
Poor knowledge of agents.
Poor service to consumers.

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Identify the solution of the problem.

Increase awareness.
Provide better customer service.
Introduce new policies.
Develop skill of worker.

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Findings

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Conclusion
Insurance helps to promote business and business fosters
economic growth. For example, fire incident occurs in any
garment industry. If the owner of that particular industry
does not take fire insurance policy, owner will be in debt
and workers will be jobless. Insurance never prevents risk
but it spreads risks among a group of people who take that
policy.

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References
Risk of Insurance- Azizul Huq Chaudhury
Insurance- M.N. Mishra
www.sadharonbimacorporation.com
www.google.com (Search Engine)
www.wikipedia.com
www.jbc.gov.bd
www.fareastislamilife.com
www.popularlifebd.com
www.nlicbd.com
www.primeislamilife.com
www.sandhanilife.com
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