Saturday, November 28, 2009

Insurance Ratio

In India Life insurance or health insurance is not a mandatory contract unlike some of the developed nations.  Around 90% of the great indian population doesn't have an insurance policy.  But it is common to find people with more than one insurance policy and that too with heavy policy amount.  How this contradiction occurs?  This is just a reflection of the contradiction between the living and educational standards of the people of India. 



People of India are seeing the insurance plans not only as life cover plans but also as investment plans.  They are always questing for both.  It is this taste that made way to build lot and lot of different plans.  The plans are available to people in all the levels of the society. For example a premium can be even an amount of Rs. 250 to thousands or lacs depending on the policy amount.  There are some seasonal policies also which are called 'close ended' plans.  Those policies can be taken only between a particular period of time.

 
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Posted by Balaji at 3:40 AM
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1 comment:

  1. business insurance quotesJanuary 26, 2011 at 4:04 AM

    Though there are lesser amount of people having an insurance policy but now people have been made aware of the benefits so that more and more people get insured day by day. The reason behind this is lack of knowledge and also there is a great range of people who can't afford to buy a policy.

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