@#: Problem of insurance business in Bangladesh?
Bangladeshis develop country the development of the insurance company is less than the other country. Many problems present in the insurance business of Bangladesh some important problem are present below:
1. Weak Economy: - Insurance Company developments are depends on the development of the other sector of the economy. But Bangladesh economy is not strong as a result the insurance business of Bangladesh is very weak.
2. Lack of capital: - Insurance business willingly run depends on the large amount of capital and large scale opportunities are not available.
3. Lower rate of savings:- In our country the national income rate is very low so; general people can not able to sufficient savings as a result insurance company can not take sufficient premium.
4. Lack of public trust: - In our country general people have not any trust on the insurance company. Many times general people cannot receive the clame money.
5. Inefficient of management: - In Bangladesh insurance company management is very inefficient because they are not well organized for the insurance company management.
6. Lack of publicity and education: - In our country does not know the importance and benefit of the insurance company because the publicity and education of insurance is not sufficient.
7. Weakness in industrial sector: - Our industrial sector management and administration department is very weakly. They do not bill the necessary of insurance in the industrial sector.
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