Enlist any two ways through which banking-Insurance sector can augment quality of life of the people in a country.
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Quality of life (QOL) is the general well-being of individuals and societies, outlining negative and positive features of life.[1] It consists of the expectations of an individual or society for a good life. These expectations are guided by the values, goals and socio-cultural context in which an individual lives. It serves as a reference against which an individual or society can measure the different domains of a personal life.[2][citation needed] The extent to which one's own life coincides with a desired standard level - or, put differently, the degree to which these domains give satisfaction and as such contribute to one's subjective well-being - is called[by whom?] life satisfaction.
Quality of life includes everything from physical health, family, education, employment, wealth, safety, security to freedom, religious beliefs, and the environment.[3] QOL has a wide range of contexts, including the fields of international development, healthcare, politics and employment. Health related QOL (HRQOL) is an evaluation of QOL and its relationship with health.[4] Quality of life should not be confused with the concept of standard of living, which is based primarily on income.
Standard indicators of the quality of life include not only wealth and employment but also the built environment, physical and mental health, education, recreation and leisure time, and social belonging.[5][6] According to the World Health Organization (WHO), quality of life is defined as “the individual’s perception of their position in life in the context of the culture and value systems in which they live and in relation to their goals.” In comparison to WHO's definitions, the Wong-Baker Faces Pain Rating Scale defines quality of life as “life quality (in this case, physical pain) at a precise moment in time.”[7]
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