1. INSURANCE AS A SOCIAL SECURITY TOOL
SOURCE: WWW.BANKBAZAAR.COM
• Now a day’s social security is considered as a big measure to reduce poverty unemployment and disease. Social
insurance is a technique of social security and includes all section of the society.
• Insurance is considered as a security tool for companies, organizations and individuals.
• Due to development, the joint family system is reduced to tiny family system where it consists of mother, father
and children.
• If the earner of the family dies the family income also dies. The economic condition of the family is affected and
unless some arrangements are available, the family is pushed to lower strata of society. The insurance comes in
handy to restore the situation to some extent.
• In this sense, the insurance business is complementary to the government’s efforts in social management.
Insurance which was evolved as an instrument for social improvement is being now viewed as a social security
tool by various stakeholders.
2. BENEFITS OF INSURANCE AS A SOCIAL SECURITY TOOL
• Medical care sickness benefits
• Unemployment benefits
• Old age benefits
• Maternity benefits
• Survivor’s benefit
Source: maxlifeinsurance.com
4. RESEARCH METHODOLOGY OF INSURANCE AS A SECURITY TOOL
Source: maxlifeinsurance.com
Research Design: Exploratory and Descriptive Research Design
Sampling Design: Convenience Sampling Design
Sample Size: 50
Data Collection: Primary and Secondary Data
Data Collection Tools: Questionnaire, Online resources and Reports.
