Insurance Company

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When you subscribe to an insurance policy, you make payments of a certain amount concerning the type of insurance policy you choose. Such fees are known as premium, and they are paid for over a stipulated period, usually in a long-term period. Through these premiums, insurance companies can generate resources from their policyholders. The companies invest the funds in significant projects like roads and hospitals, ports, dams, etc., which contribute to nation-building individuals and organizations benefit from them. These projects increase employment opportunities and, conversely, build the economy of the country. The effect on the economy gives long term benefits.