Does your country have insurance and whether is it useful to overcome your economic problems,
I see in some countries only people who have enough economics who have insurance
and those who are poor do not have insurance.
is this fair.
Insurance as a business enterprise does not come to solve any economic problem but to make profit which is their primary motive. Its in the process of making that profit that they realise there is need to solve a problem then they make it sound that is the reason why they are in business. It purely a business strategy to cover the real purpose and play on peoples emotion. The reason for my conclusion is when what you insure didn't suffer any loss, you don't get your premium back and you cannot wish to have bad occurrence happen because you seriously want to be indemnified.
People who are poor most times don't want to have insurance not because they are poor but because they feel they are being cheated and they know that the chance of bad occurrence happening to them is lower compared to rich people who can afford high gadgets, high class vehicles that can be susceptible to theft, or huge property that could bring attract thieves to them.