Should disaster warning service subscription not be made mandatory for availing life insurance claim and admissible relief benefit? If not anything else this would ensure wider dissemination of disaster warnings that in turn would help reduce the toll of disasters.
Insurance
Disasters & life of the affected
Loss of productive assets by disasters has severe adverse impact on the quality of life of the affected families; particularly ones with low socio-economic status as they fail to replenish the lost assets, despite public exchequer being overburdened by relief provided by the state.
Risk transfer for promoting risk reduction
Disasters often result is loss of lives, livestock, assets, property and infrastructure that often have severe adverse impact on the quality of life and livelihood strategy of the affected population. These at the same time disrupt industrial activities, commerce and routine business of the government. State has to therefore intervene for bringing forth narmalacy by […]