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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.

global journal of human social science

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