Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
355 views
in Insurance-Introduction and Importance by (53.6k points)

Insurance has contributed in the development of basic infrastructure. Explain?

1 Answer

+1 vote
by (70.0k points)
selected by
 
Best answer

Insurance sector has contributed in the development of basic infrastructure, which has made possible in the provision of various facilities in the country. Industrial areas, transportation, electricity, store houses, farming, etc. have been developed through insurance. LIC, GIC and their assisting agencies have contributed largely in development of basic infrastructure. LIC alone has contributed ₹ 6,112 crore for electricity projects, 18,916 crore for housing projects and ₹ 1,736 crores for water supply projects and ₹ 343 crore for road projects till 31st March, 1999. Therefore, it is a clear that insurance sector has significantly contributed in the development of basic infrastructure.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...