Puratchi Thalaivi Amma’s Medical Insurance Scheme – A Boon for the Despondent Unorganized Sector – A Preliminary Case Study on The Penetration of Private Insurance Companies on the Unorganized Sector of Chennai City
The Insurance sector plays a vital role in the planned economic development, as it not only aims to boost saving habit; but also become a safety-net both for the rural and urban sector. It also aims to generate long-term funds for infrastructural development. Besides, Insurance protects enterprises against risks such as fire and natural calamities. For the general public insurance comes to their aid towards health care, life, property and pension. Therefore, insurance growth and development is synonymous to the growth of an economy wherein it not only safeguards the interest of the industry but the general public as well.
