Post
Topic
Board Economics
Re: Insurance is important
by
Essential10
on 23/03/2024, 02:25:58 UTC
Insurance is very important for us and our family. Life is full of uncertainty, risks are everywhere. For example, regarding health. Yes, we have to take care of our health, but we also need to prepare additional protection, in the form of health insurance. Therefore, having insurance is not only to protect our interests but also to protect the family we love.
Yes, insurance is very important for us and our family. Especially we should all insure for the future. Generally by insurance we mean contract. Legally the contract between two parties is called insurance. There are different types of insurance such as;

1. Life insurance
2. Home insurance
3. Vehicle insurance
4. Life Insurance
5. Fire Insurance
6. Travel insurance
7. Health insurance

Life insurance provides financial security.
I think individual life insurance is necessary. Insurance provides financial protection in case of unexpected events like accident, illness or natural calamity. About two weeks ago I completely know about the insurance related matter. A neighbor of mine passed away about two months ago, he was the sole earner of his family, the unexpected death left the family helpless. I thought their condition would be worse but after checking last week I found out he had a life insurance policy. Family members are now trying to change their situation with this insurance money. However, it is very important to insure for the future.