2009 | OriginalPaper | Buchkapitel
Introduction
verfasst von : S. Ramasubramanian
Erschienen in: Lectures on Insurance Models
Verlag: Hindustan Book Agency
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Catastrophes, natural as well as man-made, reinforce the fact that almost everyone would like to be assured of some (non-supernatural) agency to bank upon in times of grave need. If the affected parties are too poor, then it is the responsibility of governments and the “haves” to come to the rescue. It is not uncommon that places of worship, palatial buildings and schools serve as refuges for the affected. However, there are also significant sections of the population who are willing to pay regular premium to suitable agencies during normal times to have insurance cover to tide over crises.