Develop financial institutions and reduces uncertainty

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Reference no: EM133222545

Question 1: Insurance contributes significantly to society's overall economic development by ensuring the smooth operation of processes?

Question 2: By increasing financial resources, the insurance industry develops financial institutions and reduces uncertainty.

Question 3: In business and in everyday life, insurance provides financial assistance and reduces uncertainty. It ensures safety and security in the case of a certain occurrence?

Question 4: There is always the worry of losing something important. Insurance protects you from unexpected losses. In the case of life insurance, for example, financial support is given to the insured's family upon his death. Other insurance provides protection against loss due to fire, sea, accidents, and other causes?

Question 5: The collection of premiums is how insurance generates money. These money are put to work in government bonds and stocks?

Question 6: These money are profitably invested in a country's industrial growth in order to generate additional cash that may be used for the country's economic development?

Question 7: Large investments that result in capital creation enhance employment possibilities.

Question 8: Medical insurance is regarded important in the management of health risks. A severe disease may strike anybody at any time

Question 9: In addition, increasing medical costs are a major source of worry. Medical Insurance is a kind of insurance that covers a variety of health-related risks?

Question 10: In the event of a medical insurance coverage, the insured receives medical assistance?

Reference no: EM133222545

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