Post
Topic
Board Economics
Re: It's better to invest now than to regret it in a hospital bed.
by
Albarq
on 25/06/2024, 14:20:20 UTC

There is no guarantee that the insurance companies will return your money honestly. Insurance companies will give you many offers to insure you but when you insure and after some time when you get ill and you want to withdraw the insurance money with your claim then the insurance companies don't want to take you seriously. You have to face a lot of harassment to withdraw your money there so now people invest their money without trusting insurance so that anytime they can withdraw their money without any harassment. I think owning a deposit account is better than insuring it because from that deposit account I can withdraw as much as I want.

Yes, it looks like we need insurance, but if there is a traffic jam or the manager has difficulty disbursing the insurance funds, that's a difficult thing, isn't it? My advice is that saving is much better because it can be withdrawn when we need it. It's not a matter of trust or not, we are careful in assessing things matter.