Insurance rate in the country has increased:IDRA

Grow premium increases if insurance subscriber increases According to the Insurance Development and Regulatory Authority (IDRA) report, the rate of the insurer has increased in the country than ever before. As a result, the business of insurance has also spread. The IDRA suffers due to this. Recently, the company has shown the progress and success of the insurance sector sent to the financial department of the Ministry of Finance. This information has been reported from the report.It is said in the report that the rate of settlement has increased in the context of customers' insurance claims. The concerned people say the settlement rate of insurance claims is satisfactory. Because it increased the amount of money. One of the expertise in the insurance industry indicates the insurance repayment rate. According to the IDRA report, after the independence of the country, the rate of payment of insurance claims was 53.85 percent, in the case of consumer demand for 18 years from 1973 to 1990. From 1991 to 2008, the rate of payment of insurance claims was 72.58 percent. In the last phase, the rate of return of insurance claims in the last 9 years from 2009 to 2017 is 62.58 percent.