Difference between life insurance and general insurance, the challenges and scope of insurance industry in Bangladesh

Abstract

This report is composed as a portion of completion of the BBA program. This paper aims to inspect and provide a detailed idea about Insurance company, the condition of it in Bangladesh and the challenges it faces. One of the objectives of this paper is to address the difference between general insurance life insurances and other type of insurances. National Life Insurance company was incorporated as public limited company on 12th February 1985 but started officially on 23rd April 1985. In this report three chapters are included the report. The first chapter provides all the relevant facts about internship program. In this part I have written in details about the on site supervisor’s information, duties, responsibilities, shared knowledge throughout the period. I have also given detailed information about how this program has benefitted me and my contribution to the company. The second chapter focuses on the organization part. I have written in detail about the vision, overview of the company, organization, financial performance and organizational oreganogram and etc. The third chapter focuses on the condition of insurance industry in Bangladesh and the differences between different types of insurances.