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Author Topic: Insurance is important  (Read 2319 times)
wmaurik
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April 21, 2024, 04:38:22 PM
 #281

Insurance is very important, because it has made livinghood easier,it has supplied a very effective financial stability,and support.it has also brought down the dangers in economics and contribute highly against the loss of money and family needs.
Important insurance is insurance that is related to important conditions in life that usually have to be faced at higher costs. Examples include health and accident insurance for vehicles so that this is the main insurance for everyone to obtain because illness and accidents are things that we cannot predict so we need to have more special and more thorough preparation for this. But that doesn't mean other insurance isn't important, but each of us just needs to look at the more important things in ourselves before we make more insurance in life.

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April 21, 2024, 05:54:51 PM
 #282

Insurance is very important, because it has made livinghood easier,it has supplied a very effective financial stability,and support.it has also brought down the dangers in economics and contribute highly against the loss of money and family needs.
Important insurance is insurance that is related to important conditions in life that usually have to be faced at higher costs. Examples include health and accident insurance for vehicles so that this is the main insurance for everyone to obtain because illness and accidents are things that we cannot predict so we need to have more special and more thorough preparation for this. But that doesn't mean other insurance isn't important, but each of us just needs to look at the more important things in ourselves before we make more insurance in life.
Yes there are different types of insurance available but not all insurances are very necessary for us. therefore, it is not right to use all types of insurance to waste money unnecessarily.  But since almost all of us use cars, in this case we need to have car accident insurance, life insurance. on the other hand we all get sick so having health insurance is also necessary. And business insurance is also a good idea for those who own a business because a business needs to invest a lot of money so if the business is damaged in any natural calamity then there is some backup from the insurance.


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April 21, 2024, 10:34:36 PM
 #283

I agree about that, before I am not fond of insurances but I've seen that people's lives are just like mists that can easily be seen today but gone on an instant. That's how short our lives are and that's why for those that are looking into it as just another expense, soon as you grow older you'll realize how important it is to have life insurance. You're even getting house and car insurances and why not get one for yourself, right?
That's how important it is but the problem now is about the claims when that happens, some people have shared their experiences on how to claim those eligibility when the insured person is gone and they're now in need of the money. Well, it's a case to case basis, some are success stories but many aren't for which this also stops a lot of people to get their own life insurances.

We have to be very careful while picking the insurance plans whether it's health or life because the agents will sell us the plans that's profitable for them but it's not the best plan which always have some loops that benefits then insurance companies. We need to give little more attention and read all the details mentioned so that we are paying for something that can be useful when it's indeed.
Well, they're selling agents and they're for the point of just selling and it won't matter to them anymore as they catch you as their customer and they get the sell. While you as a customer, the after sales and claims is the problem at most times. That's why you are right by finding the right agents and the ones that will assist you even after the sell. After sales and claim of these insurances are hard to do when you're no longer connected with the agent or when they change career but I believe someone will still be able to assist you. Those that are still working with the insurance company that you've availed the insurance product. I've read a lot of problem during the claims and I've read as well the good ones that has been assisted by their agents so, there is always 2 sides of the stories that we're reading and watching. It's best to decide and be firm with what you'll avail and whom the person that you're going to work with for your insurance. Because if you choose the right one, you'll have no problem about the claims later if you've been communicative with him/her.

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April 25, 2024, 08:26:44 PM
 #284

If the economy is good then the developed economies of the world can help the weak economies to improve. But currently the countries are full of corruption, if corruption is not prevented, economic development is not possible. There is no doubt that corruption is one of the major obstacles to economic development. Because corruption reduces domestic investment discourages foreign investment increases government spending and encourages the shift of government spending from important areas such as education health and infrastructure development to less important projects that can be easily corrupted. That is why desired economic development is almost impossible without prevention and control of corruption.
  of course money gives power, authority in fact, when the money speaks, the law is blind. So it's rightly said, when you mentioned countries with significant economic development can help the other ones with weak economy when there's no much corruption in the land.
But in a situation where corruption has taken over the justice of the citizens, the next thing they will expect is economic weakness.
This is because even the leaders that would think of good innovations which would bring about the betterment of the citizens, will rather think of how they will full their pockets and enrich their family in a corrupt manner. All of which in turn bring about down fall to the national economy.

It could be that what you say is true, of course they will borrow money from a country with a stronger economy, of course taking into account all the overall factors of the weak country, to obey a large country as a whole is impossible, there must be limits that must be taken into account by every leader, there is definitely a win win solution.

In my opinion, controlling the entire political system of a country is impossible. Of course, the statesman leader of a country certainly has any sovereignty, whether economic or other, no one can interfere in it.

To become a growing economy in all fields, in my opinion, a country's system must be well synchronized and firm in everything, whether legal or other. If the leader of a country has led well, but the laws in his country are not strict, such as corruption is not enforced as it should be, only in prison for around 10 years, this can still be reduced with remission from the government. In my opinion, if corruption is not punished by death, the country will not progress forever, It was only undermined by officials who were greedy in collecting money, who, as in the initial campaign, had already spent a lot of money.


I don't think a particular country can be recognized and seen with it's reputation if it lacks it economic development.
 How do you expect others to respect you when you don't have the means?
How can you control others when you don't have the remote control in your hand?
How do you want to be respected when you don't respect yourself?
All is impossible, especially nowadays when the talks of the day is Money. Money speaks for those that can not speak. Even the developed nations today are considered  been developed because of their economic standard.  If for example, economy of the countries like china, India and united state of America falls and get weak today, they will definitely loose their power.
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April 25, 2024, 11:17:26 PM
 #285

Insurance is something that must not be neglected because of its importance to human. most especially, today that everything is expensive, insurance can play very vital role.
  I could remember one of my neighbors who was suffering from a very chronic illness but don't have enough money to help him treat his sickness, but with the help of insurance, he got treated with ease.
Medicine that would be purchased with like ten thousand naira he bought it with it's ten percent with the help of insurance. So the importance of insurance can't be over emphasized.
When a sudden illness takes you out of this world and you pass away, your insurance is going to take care of all of the expenses that should be shouldered by your family. But because you're wise and thoughtful to them, they're not going to be problematic anymore if they've got savings to spend for your funeral and such. This is the case if the insurer has passed away but those that have been insured even before getting an illness, the role of the insurance is to provide you the medical care that you need or the budget that you'll need for your medication which is a relief to you.



 

 

 

 

 

 


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