Author(s): Solomon Emiru Gutema

Abstract: In the Ethiopian political history, democratic constitution was enacted in 1995 for the first time following the paradigm shift in the political ideology from unitary to federalism. The enactment of the 1995 FDRE Constitution opened the new era in political, social, economic and cultural aspects of the nations, nationalities and peoples of Ethiopia. It guarantees the right to sustainable development in all sectors including political, economic, social, and cultural aspects. To ensure the right to sustainable development the same constitution imposed a constitutional duty on three wings of government organs both at federal and regional level. Hence, the objective of this research is to evaluate the extent to which life insurance is harnessed by the Ethiopian government in promoting sustainable development. In addition to this it explores the possible prospects and challenges in utilizing life insurance for ensuring sustainable development under the federalist Ethiopian legal system. Therefore, to achieve, its purpose this research uses secondary data sources which includes government policies and laws in the area of life insurance. So, it is doctrinal research which employs qualitative research methodology. The research findings showed that there is a legal and practical problem both on the sides of government and the people in harnessing life insurance for strengthening sustainable development in the Ethiopian federation. In conclusion, guaranteeing human rights do not hold water without ensuring the right to health and thereby the right to life. Ensuring the right to health is hardly possible without guaranteeing the right to have life insurance. Consequently, ensuring sustainable development is very difficult without guaranteeing and practicing the right to have life insurance.

Pages: 22-29 | Views: 956 | Downloads: 544

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