Insurance is important

[Essential10]

I don't know what kind of insurance policy any country uses. However, in the society where I live, I have seen three types of insurance being used more, namely life insurance, health insurance, investment insurance. I got the idea about insurance from one of my neighbors who works in an insurance company. Life insurance ensures that your family receives financial support in the event of your death, so that they can maintain their standard of living. Health insurance covers medical expenses, ensuring you access to essential healthcare without financial burden. Investment insurance helps in wealth growth and financial security. I think that insurance, be it for life, health or investment is one of the future gains.

[1715546316]

1715546316

[1715546316]

1715546316

[Zoomic]

Every country has their different insurance scheme as what worked for country A might not work for country B. Insurance is expensive but it's benefits outweighs its expensive nature. Rich men do not bother so much about their assets because they are all insuranced. It is poor men who easily fall back to poverty when they make moves to escape poverty because of lack of insurance.

I got another sense of insurance when I learnt that Lionel Messi insured his left foot for whooping $900 million. This is astonishing and tells volume of the importance of insurance or assurance as it relates to life.

[Lanatsa]

I don't know what kind of insurance policy any country uses. However, in the society where I live, I have seen three types of insurance being used more, namely life insurance, health insurance, investment insurance. I got the idea about insurance from one of my neighbors who works in an insurance company. Life insurance ensures that your family receives financial support in the event of your death, so that they can maintain their standard of living. Health insurance covers medical expenses, ensuring you access to essential healthcare without financial burden. Investment insurance helps in wealth growth and financial security. I think that insurance, be it for life, health or investment is one of the future gains.

People should realize this but majority would really be just simply telling that it is really just that an another expense or a burden without even trying to look at about its relevance and benefits.
You might not be able to appreciate it out because we do know that we cant really be able to involved with accidents or health issues (hopefully not) but having or securing one would really be something
recommended because we dont know on what comes next into our lives on which it would really be just that normal that we should really come prepared or else then you would really be
having that huge financial impact if you dont have insurance.

Insurance is really that important, it is really just that people dont see its worth until they would really be able to experience those unfortunate events into their lives.
Also, yearly premium or monthly wont really be that too much of a burden since it is really that something an amount which you could be able to provide.
For the sake of your families safety and assurance then it would really be better to have one.

[Hewlet]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

This is so true, a lot of people in underdeveloped countries don't take the issue of insuring a property any important maybe because most of these countries don't have functional insurance company and those that might be even functioning will be looking at ways to only make profit thereby doing unnecessary investigation just to avert making payment in cases when the policy is to even take effect.

[Youngkhngdiddy]

Other than health insurance is not essential for me because, as long as I'm healthy, I can do many things. Besides, the regulations in insurance are usually unfair, possibly due to the type of insurance we choose or even the monthly bill we pay. And health insurance cannot guarantee someone's perfect health 100%, like in the case of a body part being amputated due to an accident... the insurance cannot provide a natural human limb that functions like the original. Instead, they compensate with cash, which in this context might sound like "selling our body parts for money."

I see all insurance as still imperfect. So, rather than paying bills for many type of insurance, I prefer to prepare a backup plan in case something suddenly goes wrong, like a business collapsing or losing a job. These situations should be handled with a healthy body. As long as someone is healthy, there are still many possibilities to strive for.

    Everyone has their view of insurance, for me insurance is an ironical advantage to living. Insurance companies now are deceitful and instead of us or our assets being genuinely or legitimately insured, the insurance story is now used as a plot to lure us into believing without suspicions and then we get unknowingly robbed of our earnings no matter how little we gather. The fact that we pay for insurance that is not even guaranteed ought to be a red flag. We've seen its application health wise.
   Now for instance, we get a new vehicle, we go to the insurance company, pay for this vehicle to be insured, and then something unplanned for and unexpected happens, can we be so confident that our insurance would be able to cover our loss? Even they're to pay for the damages, how much will this insurance company pay us that'll be tangible enough to near the worth of our loss? So the general insurance talk is just stealing in disguise because both then, now and forever, no insurance company will be able to insure our assets right for us. I personally, I'm against insurance idea because in worst cases, it's still more like one losses in both sides, first lost the asset and secondly lost to the insurance because he actually paid and renewed insurance payments for this asset that cannot be insured.

[Rruchi man]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

There is poor awareness about the importance of Insurance in some countries, so some of the citizens and people never hear about it, or hear it always feel like it does not apply to them because of insufficient information about it. Some know about vehicle and property insurance, but do not know about health insurance even when health is an asset. While for the other category of people in the under developed and developing countries, they may have heard about Insurance but due to how poor the economy and how they struggle for money may never consider it as important.

[livingfree]

Yes that's right. Insurance is important, especially as health insurance is an investment in your future health. It's just that perhaps what @Bayu7adi said was not the essence of insurance but rather the technical problem, not the insurance savings. but ensuring that insurance claims run smoothly, indeed insurance is important, but if claims are difficult, people will be reluctant to rely on insurance. Maybe this is what you need to pay attention to before entering into insurance, choose insurance that has truly been tested for its services.

So it makes people more open minded, because insurance is not only for themselves but for their loved ones too. Nowadays, insurance is really needed, especially for health. For those of you whose parents are older, you will definitely feel the pain, whether it's a mild illness or one that requires regular check-ups. My family and I have insurance.

That's advance thinking when people haven't bought yet an insurance and they're thinking that claims is difficult to do. You haven't got it yet and then you don't know how to claim yet but you're already thinking of it something difficult. This depends on the company and agent where you bought that policy.

There are people that think like that as if they have already insurance, they only listen to bad stories but not to the good ones where insurance has helped someone's family successfully.

If that's what most people say, I think these people feel arrogant and think they are always healthy because every human being will definitely get sick.
In my opinion, health insurance is very important to take care of when you are sick, because you can't know when it will come, and what we need to know is. That every year health costs will definitely increase, and no one can guarantee that we will always be healthy, even though we feel like we are always healthy, in the long term we will remain healthy and this is something we must anticipate. And if you don't have health insurance, if you are sick, and don't have an emergency fund, who else do you turn to for help especially if the amount is large.

It's okay, they're not arrogant, they just don't feel that they need it now and they are not yet educated about what's the use of it.

Also, they haven't experience yet the unexpected. Thus, they say that don't need it but that's fine because we're dealing with different situations.

Yes, we don't want to wait for our health to go bad before we get an insurance as we are not yet qualified for its benefits. It's going to be a wrong decision that we can get regret because we are now going to pay more for our health to recover. If only we avail an insurance at an earlier time, that would have been prevented. I'm not referring to the health condition but to the excess spending. This is only the same to a car insurance. I think each car owner has it.

So if they have it, then why not do the same for our health, when it was more important than any material things? And we are more fragile or prone to illness because we use our body and mind every day to work.

The oldies that haven't taken insurance and when they're on the bad situation and in sick, they think that's the best time to get insurance. They're wrong because the rules about getting a policy is when you are healthy or if they're allowed, it should be premium and more expensive on their state.

[lienfaye]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

There is poor awareness about the importance of Insurance in some countries, so some of the citizens and people never hear about it, or hear it always feel like it does not apply to them because of insufficient information about it. Some know about vehicle and property insurance, but do not know about health insurance even when health is an asset. While for the other category of people in the under developed and developing countries, they may have heard about Insurance but due to how poor the economy and how they struggle for money may never consider it as important.

Indeed. But once you experience this yourself (the unexpected calamities and life situations) that's when you'll realize the importance of having an insurance. This is not a priority for some of us especially to people living in undeveloped countries but if we think deeper on how it can be useful in the future then we can say that it is wise to have one.

I can attest how important it is when my brother became ill. His life insurance help him financially because his health situation is considered as critical illnes, qualifying him to receive a huge amount. Now he is fully recovered and not struggling financially because of his insurance.

[Litzki1990]

A person decides to get insurance if he thinks that his future financial condition will not be very good and he will not be able to afford his medical expenses if he falls ill. Insurance is usually of several categories, some are medical insurance, some are accident insurance and some are life insurance. Life insurance is likely to be such that if the person insuring the life insurance dies before the child reaches the age of majority, the insurance company will pay a larger amount to the child, and if the person dies after the child reaches adulthood, the amount The company will return the money deposited in the company to his family. I don't think insurance is that important to me in my current context but if I ever think I should have insurance I will consider it.

[pinggoki]

~

Insurance is really necessary for most of us, it's like saving money for emergencies and unexpected situations. But I agree with part of cryptoknight's comment, not everyone can afford to participate in those insurance programs. For developed countries, this is normal, but for developing and poor countries, it is very difficult for many people. Many households in my country have bought insurance for their children but they have not been able to maintain a regular budget and pay insurance on time. They breached their contracts with insurance companies and their money was not reimbursed by the insurance company. It can be said that if a family has the means, buying insurance is a good thing to do, but for families with economic difficulties, that is not possible.

Insurance isn't "it's like saving money for emergencies" because it's the money for emergencies. Depends on what country you are from, most companies require that you have the government insurance to be able to apply for their company and those companies will shoulder the burden on paying your contribution that's why I didn't agree that not everyone can afford insurance maybe the private owned insurances sure but the government owned ones, I am sure that every citizen of a country should be able to afford that. The problem with the one that you are talking about is that they didn't plan how they will pay for it very well and that they probably don't have that big of an income to maintain the payment for that insurance.

[fauzan Ichsan]

A person decides to get insurance if he thinks that his future financial condition will not be very good and he will not be able to afford his medical expenses if he falls ill. Insurance is usually of several categories, some are medical insurance, some are accident insurance and some are life insurance. Life insurance is likely to be such that if the person insuring the life insurance dies before the child reaches the age of majority, the insurance company will pay a larger amount to the child, and if the person dies after the child reaches adulthood, the amount The company will return the money deposited in the company to his family. I don't think insurance is that important to me in my current context but if I ever think I should have insurance I will consider it.

Life insurance does provide guarantees for something if we die, so that our descendants don't have economic problems, because they get a bigger return. However, for me I prefer investing in property rather than carrying out insurance, because insurance is a company and however something undesirable can happen, unlike investment, we can manage it ourselves and can use it at any time, according to our wishes.

[Questat]

Well, I could say it was important but it was not a priority as we can still live without this. Of course, for those who are rich and are enough to pay it monthly, I think they need it really. For some people, it was just preparing for the worst - accidents and death. But we can't see our destiny, at least by having this insurance we could live with peace of mind as we no longer bother any of our family or relatives for the expenses of whatever happens. It is a part of our preparation and we know that we will go that way soon.

[Antotena]

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".

Health insurance is very important in everyones life but I think it's also our responsibilities to choose the right partner. Like make sure that you chose a partner that his genotype matches with yours, if you see AS in genotype, don't mary a partner that is AS else you have just sign the rest of your life in burdens that will suck all your money, choose a life partner wisely. Don't ever settle for some person that is highly risky to your finance, marriage is more than love.

Even as a single man, invest in your health and go for check up when. You pah for this insurances, don't allow the monthly insurance money to go wasted. Don't wait until you have develop intense sickness, go for check ups and scanning to know the status of your health because health is wealth.

[Kelvinid]

A person decides to get insurance if he thinks that his future financial condition will not be very good and he will not be able to afford his medical expenses if he falls ill. Insurance is usually of several categories, some are medical insurance, some are accident insurance and some are life insurance. Life insurance is likely to be such that if the person insuring the life insurance dies before the child reaches the age of majority, the insurance company will pay a larger amount to the child, and if the person dies after the child reaches adulthood, the amount The company will return the money deposited in the company to his family. I don't think insurance is that important to me in my current context but if I ever think I should have insurance I will consider it.

If you are into business, you should take investment insurance. But if we talk about our personal insurance, health, and life insurance is our choice. All of us are encouraged to get those things just for the sake that we are secure once illnesses or death come. Maybe some people don't see it as important but for me, and those who think about the future will certainly take any of those insurances.
Well, maybe you're not but you can find it very important someday. In fact, rich people do this because it is not just solely for themselves but for the entire family as the benefactor of the said insurance.

[Marvell1]

A person decides to get insurance if he thinks that his future financial condition will not be very good and he will not be able to afford his medical expenses if he falls ill. Insurance is usually of several categories, some are medical insurance, some are accident insurance and some are life insurance. Life insurance is likely to be such that if the person insuring the life insurance dies before the child reaches the age of majority, the insurance company will pay a larger amount to the child, and if the person dies after the child reaches adulthood, the amount The company will return the money deposited in the company to his family. I don't think insurance is that important to me in my current context but if I ever think I should have insurance I will consider it.

Life insurance does provide guarantees for something if we die, so that our descendants don't have economic problems, because they get a bigger return. However, for me I prefer investing in property rather than carrying out insurance, because insurance is a company and however something undesirable can happen, unlike investment, we can manage it ourselves and can use it at any time, according to our wishes.

Life insurance may not be necessary for many people, especially those working in the financial industry related to investments. But I think health insurance is necessary because incidents can happen to us at any time and if we have health insurance we will receive many benefits. Like my son was hospitalized for a heart condition and without health insurance, my family would have to pay a lot of money and I wouldn't be able to afford it without insurance. There are many benefits when we participate in insurance, but it depends on the economic conditions of each family.

Between investing and buying insurance, I will also choose to invest, but because I am not rich yet and I want to multiply my money many times over, not because I find insurance useless. If I were rich, I would also buy insurance for my children.

[Ayers]

Maybe for some people it's hard, imagine it's already hard to meet their daily needs, let alone having to pay for insurance, and I see those who run the insurance business get a decent income from the customers they get.
for example, there are 100 thousand people who take insurance this month and they get a salary of a few percent of that, my question is, did those 100 thousand people experience a disaster during that month?
I said less than 1% of people experience disaster, so where does the money go, and how much money do they get after many years?

That's not how insurance works, you pay for it so you don't have to worry in case there's an emergency happening and you don't have the money to spend to help yourself at that time. It's not a waste of time but it definitely can look that way when you aren't experiencing bad things in your life, think of insurance as something that many disregard because they don't need it now but will regret not having it when the need comes to them. You have to be careful about picking the insurance though, you have to make sure that you aren't in one of those that will deny you in your time of need, most of the time, these kind of scummy insurance companies are private owned so be careful.

Insurance is really necessary for most of us, it's like saving money for emergencies and unexpected situations. But I agree with part of cryptoknight's comment, not everyone can afford to participate in those insurance programs. For developed countries, this is normal, but for developing and poor countries, it is very difficult for many people. Many households in my country have bought insurance for their children but they have not been able to maintain a regular budget and pay insurance on time. They breached their contracts with insurance companies and their money was not reimbursed by the insurance company. It can be said that if a family has the means, buying insurance is a good thing to do, but for families with economic difficulties, that is not possible.

We all know that we have a different level of financial stability in life especially now that some countries are experiencing inflation wherein rising prices of goods and services  affects people on their financial budget and the cost of living is continuously spiking up while the salaries of the employees are not increased that's why having an insurance or budget for that is quite difficult to sustain nowadays, unless you have other source of income. Insurance is very crucial nowadays and who doesn't want to have insurance or investment? If there's enough money, people will definitely put it in their priorities.

I also believe that no one doesn't need insurance because of the benefits it brings, but many people say they don't need it because they don't have enough money and they prioritize other things first. And I believe that when those people have enough money and an abundant life, they will definitely look for insurance even though they said they didn't like it before.
Honestly, I don't participate in insurance either, I choose to invest at the present time but when life is more stable, I will definitely participate in insurance because it is not only my future but also my children's.

[boty]

If you are into business, you should take investment insurance. But if we talk about our personal insurance, health, and life insurance is our choice. All of us are encouraged to get those things just for the sake that we are secure once illnesses or death come. Maybe some people don't see it as important but for me, and those who think about the future will certainly take any of those insurances.
Well, maybe you're not but you can find it very important someday. In fact, rich people do this because it is not just solely for themselves but for the entire family as the benefactor of the said insurance.

You are right, if we have a business then it would be better for us to have insurance that can guarantee the business we run when an accident occurs that we don't want, but for personal insurance it really depends on ourselves whether we really need it and whether we can afford it. we spend money to pay for the insurance. I think there is no harm in having this insurance, so we can use it if we have a problem that we have insured against.

[HONDACD125]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

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.

People in developed countries are also aware of insurance and insure their business or their most important things, I think insurance should be given more priority in underdeveloped countries than in developed countries, because developed countries have all the necessary security measures for doing business, while doing business in underdeveloped countries may face many problems.

In underdeveloped countries, whether you are doing business, owning a car or talking about health, you face many difficulties. Especially business insurance should be taken in every case because in underdeveloped countries there are no facilities provided by the government to protect your business. However, if you are earning well, you can spend some of your earnings on your insurance, which will surely save you from major losses in the future.

[itorai]

(Cut a little)
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.

You have discussed various types of insurance, while monthly costs can be an obstacle, insurance provides important financial protection against unexpected risks. Choosing the type of insurance that suits each individual's needs and financial situation is a wise step to protect yourself and your family from large financial losses.

[Lorence.xD]

People should understand how helpful and powerful insurance is, my mother has been paying insurance for almost decades from her work, of course, it would be automatically cut out from her salary so she really budgets her money for all our essential needs, cause monthly cut off is already huge especially if you are not that rich. When she had to accident, she really wanted to use a public hospital to save up money as you would only pay for the medicines, but of course, there are a lot of patients so we settled in a private one which is pretty pricey. That's the time she used her insurance card, we literally didn't pay anything for 2 weeks stay. Simply from that personal experience, I could say that insurance is a must for every person, but currently, I would like to focus on investment as the money would grow over a long time, when I reach my goal amount, by then I would start to save up in insurance.