13/11/2020
What Is Insurance And Why Is It So Important?
👉Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.
💥Here are 3 reasons why getting insurance is important💥
👉 #1: Insurance ensures family’s financial stability
👉 #2: Insurance brings peace of mind
👉 #3: Insurance reduces stress during difficult times
💥The 3 most important insurances are:💥
☺️Life Insurance:
👉Life insurance financially protects your family in case you die an early death. Here is how it works. You pay a regular premium to the insurance company for a specific number of years. In return the insurance company pays a sum assured to your family if you die during the policy tenure.
☺️Health Insurance:
👉Health Insurance is a way to ensure you and your family can get the best medical care without you worrying about the cost.
☺️Liability Insurance:
👉Such insurance is availed to insure properties, cars, businesses, etc. On buying a liability insurance -like car insurance, home insurance, business insurance, in case of any damage to the insured object or property during the policy tenure, the insurance company will financially compensate the owner of the policyholder.
🔴Now that you know the important type of insurance, let’s talk about why do you need insurance.🔴
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