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Tuesday, 9 August 2016

Insurance crisis (part -3)

Farzana Sharmin




Now a days people do not rely on  non established insurance companies.  Because such type of companies are not giving good service for their client .Many insurance companies do not fulfill their pledge which they had been promised some years back. Moreover some insurance companies  plunged  from  profit to loss . These type of insurance companies create  great social economic problem in society. Those people who  had deposited their money in Bank or insurance with the hope of better future  become hopeless  empty handed when they face the reality of present. They are going to be looser  in  exchange of gainer.



On the other hand when insurance or banks are going to be insolvent  the rate of unemployed people are going to be increasing day  by  day.   In the jobs market new new jobs are not   being created . Moreover many large companies become looser also. those type of company retrench  their  larger number of employee . As a result the number  of  unemployed  people   are increasing day by day. This is not good sign for the economic growth . The rate of  unemployed people  when increasing create bad impact whole society and whole economy.


People cannot fulfill the dream of   desirable life . If government all over the world  would  have taken  great action  against fraud company  side by side highlighting  the good performance of  many financial institutes   , by  giving reward people will   get profit also .
As a result economy of those countries   will going to be successful position . Beside that the invest ment  condition  is going to be  rich day by  day. Investors all around the world  agree for investment easily. Many jobless people will get job . Many countries will be able reduce poverty.Indirectly strong financial condition is going to be established . 


So people should  be  aware about the fraudness of insurance .
( ending)


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