Abstract:
A developing country like Bangladesh Who are struggling to develop economic growth,
Insurance can play a key role in developing economic sector of this country. Insurance
companies have some significant prospects in the growth of the economy but somehow in
Bangladesh they failed to achieve that goal. In 2010 the parliament of Bangladesh passed a new
law. The Insurance Act 2010 and IDRA 2010 . After passing the new Act the previous one had
been inactive. The reason of the new enactment of the insurance law was to modernize the law
and give a systematic way out for running the insurance sector. But after enacting the new law it
was so sudden that most of the insurance companies did not able to match with it and suffer so
much. In this research paper I am going to give a comparative study on The Insurance Act 1938
and 2010, different types of insurance, Effects of the insurance in the sector of Bangladesh
economy, difficulties of insurance business in Bangladesh and etc. A quality research paper
always need some pure information, in this research paper examines the difficulties and find out
the challenges and recommendations with the experts of insurance .This research paper analyzes
the past and present form of insurance Act and find out the main shortcomings in the system.
This research paper also help to find out the problems of the companies they faces and also the
problems created by them self .So, overall this research paper is properly based on the whole
scenario of insurance in Bangladesh
Description:
This thesis submitted in partial fulfillment of the requirements for the degree of Bachelor of Law in East West University, Dhaka, Bangladesh
