The role of insurance in economic development

Our world is rife with uncertainties and perils that can impact individuals, families, businesses, and their valuable assets. These include things like health issues, accidents, and property damage. While we can’t always avert these unexpected events, there is a dependable safeguard one can turn to, and that’s insurance. You may already have the coverage of Kotak bike insurance or Kotak health insurance, but did you ever think that your insurance coverage not only offers you financial support but can also help the country’s economy? Read on as we discuss how insurance and economic development go hand in hand.