LBEF RESEARCH JOURNAL OF SCIENCE, TECHNOLOGY AND MANAGEMENT(LRJSTM) | ||
| E-ISSN: 2705-4748 P-ISSN: 2705-4683 | ||
Vol. 2, Issue 2 (June-2020)
CONTRIBUTION OF INSURANCE INDUSTRY IN ECONOMIC GROWTH OF NEPAL WITH REFERENCE TO NEPAL LIFE INSURANCE COMPANY LIMITED AND LUMBINI GENERAL LIFE INSURANCE COMPANY LIMITED
Author(s):Rami Maharjan, Uday Kant Jha
Abstract:
Insurance as a method for risk mitigation and get coverage from unprecedented loss caused by unfortunate and unplanned series of events. On individual level, insurance might be a risk hedging tool, or an alternative investment option to savings in banks, finances or holding any form of asset. But on the macroeconomic level, insurance is a unique kind of financial intermediary that channelizes small amount of savings from the large group of population and pool them as the source of capital, while also offering benefits of other traditional financial intermediaries.
Insurance as a method for risk mitigation and get coverage from unprecedented loss caused by unfortunate and unplanned series of events. On individual level, insurance might be a risk hedging tool, or an alternative investment option to savings in banks, finances or holding any form of asset. But on the macroeconomic level, insurance is a unique kind of financial intermediary that channelizes small amount of savings from the large group of population and pool them as the source of capital, while also offering benefits of other traditional financial intermediaries.
Keyword(s): Insurance, Risk Mitigation, Macroeconomics.
Pages: 59-75
