Insurance is important

[Litzki1990]

This depends on where you live. What will be the point of doing insurance if the chance of getting compensation is low? I am talking about the situation in my country where almost more than 45% of insurance claims are rejected and the customer has to go through a long procedure in court to get their money. The corrupt system is not ideal for any institutional entity because the lack of implication of law and order makes it difficult for general people to get the benefits of an institution.

Insurances are mainly company based. So besides getting benefits from them, there are many risks because many unscrupulous traders can use them to create fraud nets.  So for this you need to be alert yourself and warn others and before taking the insurance, do a good research on the insurance whether it is approved by the government or not. And if it is approved by the government, then if it is fraudulent, will the government or the central bank take responsibility for it or not?  After researching everything, decide which insurance company you should insure with

Actually not all people in the world are honest or not all people come to do business with honest intentions. If everyone takes a look at the news about the insurance companies of their respective countries, then you will surely know how much the insurance companies have cheated in your country. You will know about good insurance companies as opposed to insurance companies scams. There are pros and cons to everything, just as you can find good insurance companies, you can find bad insurance companies, but I think there are more bad insurance companies than good insurance companies these days. Due to the large number of comparatively bad insurance companies, we must insure carefully and know well about the company we are going to insure with. Knowing well about the company, if we get the confidence to insure the company, then we can insure the insurance company by considering the category.

[armanda90]

Actually not all people in the world are honest or not all people come to do business with honest intentions. If everyone takes a look at the news about the insurance companies of their respective countries, then you will surely know how much the insurance companies have cheated in your country. You will know about good insurance companies as opposed to insurance companies scams. There are pros and cons to everything, just as you can find good insurance companies, you can find bad insurance companies, but I think there are more bad insurance companies than good insurance companies these days. Due to the large number of comparatively bad insurance companies, we must insure carefully and know well about the company we are going to insure with. Knowing well about the company, if we get the confidence to insure the company, then we can insure the insurance company by considering the category.

In my country insurance is bad company and have two top legal and trusted insurance have been collapse without responsibility for user get their money refund. Actually I am not agree have to protect with all investment assets with insurance and looks healthy insurance is realistic right depend how much cost when we get treatment. All hospital have been connected with many kinds of healthy insurance but the other kinds of insurance look not urgent and focus with healthy insurance only if you have not good financial condition.

I have the same opinion with you many insurance companies become scam and easily run away how much user money without responsibility yet although we are joining with government insurance. In my country have government insurance with saving protect but when collapse they are not refund yet and many of the CEO and staff take much money until under rest.

[umbara ardian]

The importance of insurance is not limited to those with modest assets; even individuals with substantial wealth can benefit from its protection. Insurance can shield them from catastrophic losses, preventing their fortunes from being eroded by unexpected events.

For individuals whose assets serve as their primary source of income, insurance takes on even greater significance. Whether it's protecting a business from potential losses or safeguarding a farmer's crops against natural disasters, insurance acts as a safety net, preventing financial ruin and ensuring the continuity of income generation.

While the need for insurance may vary depending on individual circumstances, its overall value remains undeniable. It provides peace of mind, knowing that one's assets and income are safeguarded against unforeseen risks. Insurance is an investment in financial stability, a hedge against misfortune, and a testament to the human instinct to protect oneself and one's loved ones from the unpredictable nature of life.

[Razmirraz]

I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.

One of the most important insurances is health insurance. People without health protection or health insurance are at risk of facing high medical care costs, which when faced with this situation can cause the person to experience financial difficulties, get into large debts, or even go bankrupt.
Health insurance offers the important benefit of financial protection by covering health costs. Nobody wants to get sick, but at some point everyone will need medical care. It is necessary to prepare early by insuring part of the money to help reduce anxiety or worry and stress due to illness. Having insurance will offer a sense of security because the costs will be covered by health insurance.

[Strongkored]

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.

I am someone who is quite against insurance and considers it a way to waste money without being able to get commensurate benefits other than being profitable for the insurance company.
For health insurance, I am lucky enough to live in a country that provides guaranteed treatment for sick citizens even though they have to go through many procedures, but that's better than having to pay routine insurance costs which also take time to be able to claim it, and in my opinion using the money we have by investing is much better than having insurance because I saw several friends who actually lost a lot of money in insurance because it couldn't be claimed but maybe it would be different in other countries, just seeing what happened to my colleagues made me not consider insurance as important compared to investing.

[slapper]

This depends on where you live. What will be the point of doing insurance if the chance of getting compensation is low? I am talking about the situation in my country where almost more than 45% of insurance claims are rejected and the customer has to go through a long procedure in court to get their money. The corrupt system is not ideal for any institutional entity because the lack of implication of law and order makes it difficult for general people to get the benefits of an institution.

Insurances are mainly company based. So besides getting benefits from them, there are many risks because many unscrupulous traders can use them to create fraud nets.  So for this you need to be alert yourself and warn others and before taking the insurance, do a good research on the insurance whether it is approved by the government or not. And if it is approved by the government, then if it is fraudulent, will the government or the central bank take responsibility for it or not?  After researching everything, decide which insurance company you should insure with

Actually not all people in the world are honest or not all people come to do business with honest intentions. If everyone takes a look at the news about the insurance companies of their respective countries, then you will surely know how much the insurance companies have cheated in your country. You will know about good insurance companies as opposed to insurance companies scams. There are pros and cons to everything, just as you can find good insurance companies, you can find bad insurance companies, but I think there are more bad insurance companies than good insurance companies these days. Due to the large number of comparatively bad insurance companies, we must insure carefully and know well about the company we are going to insure with. Knowing well about the company, if we get the confidence to insure the company, then we can insure the insurance company by considering the category.

Not all insurance companies are honest. We constantly hear of dishonesty and malpractice, right? This shows that humans often put self-interest before ethics. It illustrates the delicate relationship between morality, profit, and survival in business. In many situations, insurance firms have provided support. Doesnt it show the industry's capacity for good?

Many share your concern about insurance's bad-over-good ratio. Is this perception a result of unfavorable media coverage and selective attention? Psychologists call this the negativity bias - focusing on the bad rather than the good. Recognizing this makes insurance provider selection more objective. We must examine, understand, and adapt policies to our needs. This strategy seems more balanced than relying on universal distrust to manage the insurance world.

[AicecreaME]

It is, but not for everyone since others can't just afford it.

If you're making a more than enough money in your job, then getting an insurance, whatever kind of insurance that you need is a good move for the long run. It will save you from an emergency when you need it. However, not all insurances offer the same services, others are just going to give you headache when you want to get it, because for example, someone in your family died or got in an accident, which cover in your insurance.

[huu78]

If we are given the opportunity, then we should also make use of it to insure ourselves and the properties we have, the general approach many have towards this is that they believe that those that should to on insurance should be those that have alot of properties assets because they will have the required financial stand to pay in for the service and also benefited from using it, but if there are low level insurance for the average individuals, then we can also go in for them and have ourselves insured together with our belongings.

because this case in lower developing countries is very difficult to implement, because they have low incomes, people only have enough to pay for their living needs, and they are lucky if they still have a little left to save.
I think the economy of a region or country will be improved first, then people will be able to use insurance.

[Litzki1990]

Actually not all people in the world are honest or not all people come to do business with honest intentions. If everyone takes a look at the news about the insurance companies of their respective countries, then you will surely know how much the insurance companies have cheated in your country. You will know about good insurance companies as opposed to insurance companies scams. There are pros and cons to everything, just as you can find good insurance companies, you can find bad insurance companies, but I think there are more bad insurance companies than good insurance companies these days. Due to the large number of comparatively bad insurance companies, we must insure carefully and know well about the company we are going to insure with. Knowing well about the company, if we get the confidence to insure the company, then we can insure the insurance company by considering the category.

In my country insurance is bad company and have two top legal and trusted insurance have been collapse without responsibility for user get their money refund. Actually I am not agree have to protect with all investment assets with insurance and looks healthy insurance is realistic right depend how much cost when we get treatment. All hospital have been connected with many kinds of healthy insurance but the other kinds of insurance look not urgent and focus with healthy insurance only if you have not good financial condition.

I have the same opinion with you many insurance companies become scam and easily run away how much user money without responsibility yet although we are joining with government insurance. In my country have government insurance with saving protect but when collapse they are not refund yet and many of the CEO and staff take much money until under rest.

I think insurance companies are readily available in every country and these insurance companies are at every level from the grass root level. Insurance company representatives spend a lot of time chasing people they can brainwash and insure. There are some countries in Middle East where some class of people are big believers in insurance and they think insurance is a blessing for them. As a child I used to see different people from insurance offices coming to our house to get insurance but since then my family didn't believe in insurance due to which they wasted a lot of time but couldn't get anyone insured from our house. None of my family members have insurance and I will probably never need insurance either.

[wajik-tempe]

It is, but not for everyone since others can't just afford it.

If you're making a more than enough money in your job, then getting an insurance, whatever kind of insurance that you need is a good move for the long run. It will save you from an emergency when you need it. However, not all insurances offer the same services, others are just going to give you headache when you want to get it, because for example, someone in your family died or got in an accident, which cover in your insurance.

Some policies are designed to work around certain fiscal limits. Prioritize important coverage like as health and income protection, gradually extending as your financial condition improves. It's a proactive move in ensuring your family's well-being. Seeking advice from insurance professionals or financial consultants can also help you build a plan that meets your needs while remaining within your budget. Remember that the peace of mind that insurance gives frequently surpasses the initial expenditure.

[dunfida]

This depends on where you live. What will be the point of doing insurance if the chance of getting compensation is low? I am talking about the situation in my country where almost more than 45% of insurance claims are rejected and the customer has to go through a long procedure in court to get their money. The corrupt system is not ideal for any institutional entity because the lack of implication of law and order makes it difficult for general people to get the benefits of an institution.

Insurances are mainly company based. So besides getting benefits from them, there are many risks because many unscrupulous traders can use them to create fraud nets.  So for this you need to be alert yourself and warn others and before taking the insurance, do a good research on the insurance whether it is approved by the government or not. And if it is approved by the government, then if it is fraudulent, will the government or the central bank take responsibility for it or not?  After researching everything, decide which insurance company you should insure with

Actually not all people in the world are honest or not all people come to do business with honest intentions. If everyone takes a look at the news about the insurance companies of their respective countries, then you will surely know how much the insurance companies have cheated in your country. You will know about good insurance companies as opposed to insurance companies scams. There are pros and cons to everything, just as you can find good insurance companies, you can find bad insurance companies, but I think there are more bad insurance companies than good insurance companies these days. Due to the large number of comparatively bad insurance companies, we must insure carefully and know well about the company we are going to insure with. Knowing well about the company, if we get the confidence to insure the company, then we can insure the insurance company by considering the category.

Not all insurance companies are honest. We constantly hear of dishonesty and malpractice, right? This shows that humans often put self-interest before ethics. It illustrates the delicate relationship between morality, profit, and survival in business. In many situations, insurance firms have provided support. Doesnt it show the industry's capacity for good?

Many share your concern about insurance's bad-over-good ratio. Is this perception a result of unfavorable media coverage and selective attention? Psychologists call this the negativity bias - focusing on the bad rather than the good. Recognizing this makes insurance provider selection more objective. We must examine, understand, and adapt policies to our needs. This strategy seems more balanced than relying on universal distrust to manage the insurance world.

If you are someone who do have plans on getting some insurance then it would really be that best or suggested that you should really go after with those who do have names or simply have the reputation
and credibility on which you would really be that making yourself that confident that they could last a lifetime or something that you could really be able to make claims whenever things turns out to be shit.
This is the main or real purpose of insurance, yes you might be paying up on something which it cant happen into you but it is really giving out that kind of peace of mind just incase that you would really be that gone
and your family are the ones who would really be able to get some benefit just in case that happens. Same goes when it comes to medication on which it is really that a great help if you do have insurance
and same goes if you do have cars that you do possess.

[iv4n]

It is, but not for everyone since others can't just afford it.

If you're making a more than enough money in your job, then getting an insurance, whatever kind of insurance that you need is a good move for the long run. It will save you from an emergency when you need it. However, not all insurances offer the same services, others are just going to give you headache when you want to get it, because for example, someone in your family died or got in an accident, which cover in your insurance.

I can't agree more with you... it's easy and simple to say that insurance is important, but every insurance costs. It's not only about making enough money on our jobs, it's about making more money with our investments, hell even the gambling game BlackJack has insurance when the dealer has an ace. Everything comes down to a simple thing, paying insurance if paycheck/possible profit is low doesn't payoff in the long run.
And as you wrote, not all insurance offers the same services... so not all the situations are covered. There wouldn't be so many insurance companies making money without tricks, that's for sure.

[wmaurik]

because this case in lower developing countries is very difficult to implement, because they have low incomes, people only have enough to pay for their living needs, and they are lucky if they still have a little left to save.
I think the economy of a region or country will be improved first, then people will be able to use insurance.

It will not be easy to implement insurance if the community's economy is still in a bad condition, but that doesn't mean it can't be done by people who really want to get insurance in their country. Because I also see that there are many people who want to have insurance for themselves even though they live in undeveloped or developing countries. So if we examine each individual personally, this is still possible in developing countries even though this is not shared by everyone in that country.

[Iroh]

It is, but not for everyone since others can't just afford it.

If you're making a more than enough money in your job, then getting an insurance, whatever kind of insurance that you need is a good move for the long run. It will save you from an emergency when you need it. However, not all insurances offer the same services, others are just going to give you headache when you want to get it, because for example, someone in your family died or got in an accident, which cover in your insurance.

Insurance services is open for everyone. Everyone who can afford it of course. Incidentally, the poor and in some cases, the average family don’t make enough money to afford those services. They barely have enough to live on and are more worried about problems they’re currently facing than unforeseen ones that may pop up later in the future.
Not all insurance companies offer the same service and not all can be said to be reputable. There’re shady companies that would try not to pay righteous claims even after investigations. With everything, including looking for the right insurance company that provides the services we want, we’ve got to do our due diligence.

[Rasa nanas]

Developed countries are more familiar with insurance because the majority of the population has relatively high incomes and can afford to buy goods at high prices and are certainly worth insuring. It is different from developing countries because the majority of the population's income is still relatively low and cannot afford to buy high-priced goods. I know that insurance does not look at the price of the goods insured, but in reality, most only high-priced goods have insurance.

[n0ne]

Developed countries are more familiar with insurance because the majority of the population has relatively high incomes and can afford to buy goods at high prices and are certainly worth insuring. It is different from developing countries because the majority of the population's income is still relatively low and cannot afford to buy high-priced goods. I know that insurance does not look at the price of the goods insured, but in reality, most only high-priced goods have insurance.

These days insurance were at best price compared to the developed nations. Myself being from a third world country find the premium to be paid for family insurance from the best service provider in my country to be a possible amount for middle class people. I've read articles stating people from the first world country unable to pay insurance and gone homeless. Based on the premium we pay it doesn't look like it is that high. Also it isn't mandatory in my country and in my understanding it is a must for every family.

[STT]

I would extend this concept further to money itself.  The assured value overnight of a currency is what makes it widely held and in demand, the highest value to money is its security dynamic.  When a currency becomes unstable through inflation or any kind of instability that undermines its main purpose as security over night and beyond in peoples lives it starts to lose its core value.   Insurance and money have a strong relation in raising the assured nature of a persons livelihood and confidence to purchase, to partake in the economy and value their work within that economy via the money they receive and are able to trade.  Alot of people feel the same about health care plans personal and for a family, strong relation to insurance of course

[knowngunman]

To enter these six insurances, you have to pay a monthly fee as a mandatory requirement because this is what makes some people feel burdened Because not everyone has a fixed income and if they don't have an income then it is impossible to afford the monthly expenses. If people have a good source of income, then insurance is the right choice because it can protect health, education and damages costs when unexpected things happen.

It's not possible for people with average income to get into insurance because it has no meaning and that's why Op emphasize on those making money and have properties that are insurable. You can see that from the part of his post I quoted below. If to register for insurance is free and open for everyone, everybody will rush to register for it but as an average man struggling to feed three square meals, what are you insuring? Some can not even afford the first registration fee not to talk of monthly due. Insurance is only favorable to those who have enough money and properties that are worthy of reasonable amount in order to avoid great lose in case of any disaster or predicament occurring in the future.

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

[mirakal]

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

It makes a lot of sense to insure our basic needs, especially if we live in a country where there is no protection scheme to provide security for our family. Health insurance should be the first insurance we take out, because we never know what kind of illness we might face in life. Same goes for life insurance, if our family relies heavily on our income that we need to think of the worst case scenario. The problem in my country is that there is insurance for everything and the financial analyst earns a lot of commission for every new contract being signed. It's really hard to find the optimal level of insurance, because the sales people will always try to offer the premium package first. A lot of my friends are to,more than a 100% insured, which costs them a lot every month.

Health is wealth so we should learn to prioritize it and even ensured it in order to prepare ourselves when unpredicted events happen. Just like investments or properties and assets, getting insurance is a must because this will cover the expenses whenever these assets will be put in danger and vanish in the end. But of course, you have to pay the price as well so you can benefit the insurance when it's highly needed.

The problem is people have less or no interest in getting insurance because of the monthly obligation they have to pay most especially for those who are not educated on their chosen investments or assets.

[bitLeap]

There are many more people like this. A cab driver loses his care and he's back to square one because that's his source of income. Others get an illness that is expensive to treat and they go broke trying to pay for the treatment.
A husband and father die unexpectedly and leave nothing behind, leaving the wife to struggle alone to take care of the children. This takes a family that was comfortably a middle-class family to a lower-class family.

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

Regarding health insurance, currently where we live there is a government program where everyone can get insurance for free, all costs are borne by the state from the State Revenue and Expenditure Budget. Then there are requirements such as personal data and others to be able to get a health insurance card. This card function is useful when we come to large hospitals especially city hospitals, we only need to show the card and we can immediately get services from the hospital without being charged because each card has a balance so the hospital only needs to match it with the data. This is an option that we can get from government programs that focus on health care.

Does everyone get a health insurance card? Of course not, because this is aimed at the lower middle class. So the benefits have so far  received a positive response from the public.

Whether this health insurance is like in other developing countries or whether the program is not the same depends on each government. In my opinion, every country has a State Revenue and Expenditure Budget, one of which is a special fund for providing public health services.