Insurance a good social welfare tool: Mian Shahid
Ethical practices by insurance companies, agents stressed
Dishonesty harmful for personal life, fatal in business
Islamabad: Oct 16
Chairman of the United International Group (UIG) Mian Shahid has said that
insurance is a good social welfare tool that can have a positive impact on
businesses and lives of millions.
Insurance if used properly can help people in hard times by transferring
their losses, he said.
Speaking at launching ceremony of UIG News, he said that insurance is
popular in west but it is yet to make inroads in the east for which the
insurance companies are partly responsible.
He said insurance can only be made popular when companies prefer interests
of customers over their own interests and spend part of their profit on
social uplift of the dispossessed.
Mian Shahid said that UIG has planned to launch a campaign to create
awareness among masses regarding different insurance schemes.
He said that insurance can become a respectable venture if ethics are
employed by the companies in an acceptable manner.
Ethics awareness programmes should be a continuous process across the
whole insurance industry, he stressed.
For the good of the society, we should embrace a value system comprising
honesty and respect for other person which must be the qualifying
parameters for any insurance professional.
"Without honesty, there is no chance of a successful business
relationship; dishonesty is destructive for personal life and it is
disastrous in business," he said.
There is no law against rudeness but no one would you continue to do
business with someone who is rude, he said adding that those who cheat
their customers fail soon.
Moral perfection can only be achieved through personal accountability and
discipline which seems to be unpleasant in the beginning but pay dividends
in the end.
Mian Shahid said that we have to go a long way as far as fair treatment of
competitors, full disclosure and faithful control over other people's
money is concerned.
A manager who lacks moral clarity should not expect it from subordinates;
he can transform good assistants into mercenaries, he said.
--
Ali Asad,
BDM, UIG
0321-2047618
Tariq Khattak, Islamabad, Pakistan.
GSM = 0300-9599007 and 0333-9599007
Email: Tariqgulkhattak@gmail.com
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