The system of professional brokers has not yet developed in bangladesh however, it is a common practice of the insurers to engage salaried development officers for promotion of their insurance business problems of insurance business in bangladesh the insurance business in bangladesh is facing lots of problem in every now and then. The report on “problems & prospects of mercantile insurance company limited” has been prepared based on qualitative research as required for completion of mba degree from brac university.
Problems and prospect of insurance business in bangladesh life insurance: life insurance may be defined as a contract, whereby the insurer, in consideration of a premium, paid either in a lump- sum or in periodical installments, undertakes, to pay, annuity or a certain sum of money, either on the death of the insured or on the expiry of a certain number of years.
Problems of insurance are much more acute in the case of agriculture and the administrative burden of monitoring could be immense in view of the vastness and the unorganised nature of india’s farming sector. Automobile insurance, also known as auto insurance, car insurance and in the uk as motor insurance, is probably the most common form of insurance and may cover both legal liability claims against the driver and loss of or damage to the vehicle itself. Problem and prospect of general insurance in bangladesh problems of general insurance in bangladesh in a developing country like bangladesh, insurance companies are playing a very important role in economy though insurance industry has a very prospect in the economy but for some reasons it is totally failed to achieve its goal. The insurance industry of bangladesh has witnessed a steady growth and attracted a lot of interest in recent years even then, the industry is ripe with problems this study is a reflection of the severity and likelihood of the problems and prospects of the insurance industry from the viewpoint of the insurance companies themselves.
Problems and prospects of insurance business in bangladesh facilities and professional education to those engaged in insurance business in the country the syllabus, curriculum and training programs of the academy need to be modified to meet the modern needs of the insurance industry.
1 problems and prospects of crop insurance scepticisms and imparatives 1 2 an introduction to agricultural risk management and insurance: benefits, costs and alternatives 10 3 crop insurance in india: a historical view 30 4.
27 [inability to solve problems] many of the life insurance companies are unable to solve the problems of the policyholders 28 [low quality service] inability to maintain the quality of the services provided by the life insurance companies is also a problem 29.