I want to have my own insurance (also for my family) but you see basic needs are more important for us to live our everyday life. I know it is important to have insurance especially if there are immediate emergency need to prioritize but it is not common for us in a third world country to have that privilege. Only with high salary or we can say atleast with a person who still not have his/her own family. In our country, this is not priorities nor have the campaign to teach this, so many of us
are not aware about the importance of it in their future.
Life insurance is part of what we should place priority on especially our health insurance. Just like they say 'health is wealth', if ones health status is good, their is still a much hope for such person to be rich. In most case, people don't do insurance out of poverty but out of ignorance and adequate knowledge about it's important. If people really know it's important, I believe they will put priority on it just like we do for other things.
Insurance companies have expanded a lot now almost everyone is getting insurance especially health insurance and long term schemes. Because insurance companies return money at a higher rate than banks. Apart from this, there are many profitable insurances. It can be seen again that fraudsters are deceiving many insurance companies by seeing people's interest in insurance, so you have to be careful about these things. And you should have contract with the most popular insurance company in the country.