engleski

ECONOMIC EFFECTS OF LIFE INSURANCE IN THE REPUBLIC OF CROATIA - INTEREST AND PARTICIPATION OF POPULATION

Life insurance is today one of the most attractive and most popular forms of investment worldwide. It can be defined as long-term savings that provide some protection against financial losses that arise as a result of unforeseen events in the life of the insured person. Life insurance is a type of insurance with special characteristics that are different from other insurance. It is long-term and economical, and the secured amount of money is always paid to the insured or the beneficiary of insurance. While life insurance in developed European countries is very significant, in Croatia, this type of insurance is still poorly developed. The reason for the low number of life insurance is poor information and citizens' interest in participating in certain types of voluntary insurance as well as a low standard of population. Life insurance in the Republic of Croatia is still being identified with savings in the bank. Citizens are neglected or ignorant of the fact that life insurance has a number of advantages over classical savings. However, over the last few years the continuous increase in paid life insurance premiums proves that the public's interest and awareness is changing with regard to this insurance. The aim of this paper is the analysis of life insurance in the Republic of Croatia from the aspect of its main characteristics and species. In addition, the authors analyze the life insurance market in Croatia, as well as offer insurance schemes for life insurance schemes and their premiums. Thereby using a set of scientific research methods (methods of analysis, comparisons, induction, deduction, descriptors and classifications, etc.) as well as some statistical-mathematical methods used to analyze certain variables. Ultimately, authors conduct primary research on interest and participation of population in certain forms of life insurance, and make concrete conclusions about how to improve this type of activities.

insurance, life insurance, participation, interest of the population, Croatia

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