Topic: Insurance is important - page 10. (Read 4381 times)

I once read a topic that discussed the benefits of insurance!! especially life insurance, because the ones who get the premium when someone who takes out life insurance dies are their children or heirs

I don't know what health programs are like in other countries, but I'm grateful that I come from Indonesia, here our health is covered by the government, through a program called BPJS (you can see it on Google), as long as you are an Indonesian citizen and have a registered KTP, you can take care of BPJS and feel the benefits

In the midst of the current economic uncertainty, health costs have become a frightening thing for poor people, so if your country holds a presidential election, choose a president who promises to provide free health services to its citizens

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.

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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".

We do really have that famous line;
"It's better to have something you might need one day but don't need yet than to need something that you don't have."

This just a single line of word on which you would really be able to realize that this is something that would really be a crucial thing and something that you would
really be needing to consider. You would really be finding it useful, although we wont really be wishing for some accidents but just like you have said that there's no guarantee
that we wont really be able to experience any emergencies in our entire life span. So better to get prepared or ready on whatever comes.

Everyone in the developed world attaches great importance to insurance. Moreover, it is definitely a very important thing in human life. Many of us neglect it. But actually it is a very important task. I saw a friend of mine who lives in a developed country. As he has a complex disease, he has to spend a lot of money which he would not have been able to afford on his own unless he got help from insurance. However, there are many complaints about insurance in under developed and poor countries where an insurer faces various problems in getting the services one deserves. Not all are the same though. But if one realizes the importance of insurance then he must not neglect it.

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.

Around November last year, I volunteered to join a local and small NGO that was taking food, drugs, and other supplies to flood victims.
For context of how big the flood was, we used speedboats on roads and it was as though we were on a high sea.
Experts gave lectures on how to prepare for a flood and not wait for it to be too late. Some of the people we met told their stories.

We met one woman whose case I found very interesting.
She had a farm; a fishery and a poultry farm. The poultry was much bigger than the fishery. The farm was so big and established it made her thousands of dollars monthly in gross income. The flood took her by surprise, she was able to rescue some feeds and animals, but she lost so much of it.
Now let's ignore the fact that she was careless for not believing the warnings that a very big flood was coming because, in her words "In my 56 years of being alive and my 17+ years of doing this business, I've never experienced the tiniest bit of flood"
Let's focus on the fact that neither her farm nor a single thing on the farm was insured despite generating that kind of income.

Because of the damage we saw, the NGO started a campaign for the government to help these farmers with grants and loans so they can get back on their feet (but y'all know how politics gets). This allowed us to visit this woman at her farm. She's back on her feet, but it could take years to get back to what she was before the flood.
If her farm was insured, it most likely wouldn't have taken her that long.

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".

Its important but majority of us would really be neglecting or doesnt really put up any attention into it but on the time that we do face up such challenges and conditions then this is where we do make out some realizations about its importance. Yes, its really that something that comes with a cost but we do really know that this is some sort of security since we cant really be able to make ourselves that having a secured life or something that it is really completely safe from accidents or any disasters or whatever possibile emergencies that we might be able to encounter.

As much as possible you should really be putting up at least some budget when it comes to insurance yet its something that you would really be needing up to pay once every year or whatever terms it would be.
Some might really be that skeptical because they would really be having a feeling that they are just wasting money which its true but we do know that when it comes to those tough situations or times
then this could really be something so useful and its better to have rather than nothing on the time that you do need it.

Not that people don't like Life insurance, health insurance and investments insurance , just that they know that to approach them require huge amount of money before they can get registered to have full access to those insurance in your country.

Like Health insurance is very important for business men or women to adopt, and it will make them to stay long in their business because when you have good health, you can monitor your business to continue earning till you get old.

And, investment insurance is very important to those that what to be wealthy because if anything happen to your goods or company, insurance company will restore everything back to you in a way you will not have pressure over the issue.

Not that people don't like Life insurance, health insurance and investments insurance , just that they know that to approach them require huge amount of money before they can get registered to have full access to those insurance in your country.

Like Health insurance is very important for business men or women to adopt, and it will make them to stay long in their business because when you have good health, you can monitor your business to continue earning till you get old.

And, investment insurance is very important to those that what to be wealthy because if anything happen to your goods or company, insurance company will restore everything back to you in a way you will not have pressure over the issue.

There are different types of insurance and they work in different ways. However, insurances often work in times of danger. So insurance is very important for us. But there are many who don't like it.  But in reality insurance is very beneficial
. Life Insurance
. Health Insurance
. Investment Insurance

I think the importance of these three is very high. These reduce our financial risk a lot. And bad times will support us a lot. So I think everyone should take the services of these insurances

Everyone in the developed world attaches great importance to insurance. Moreover, it is definitely a very important thing in human life. Many of us neglect it. But actually it is a very important task. I saw a friend of mine who lives in a developed country. As he has a complex disease, he has to spend a lot of money which he would not have been able to afford on his own unless he got help from insurance. However, there are many complaints about insurance in under developed and poor countries where an insurer faces various problems in getting the services one deserves. Not all are the same though. But if one realizes the importance of insurance then he must not neglect it.

In my opinion, insurance is very important, but the current level of trust in insurance in my country is very bad, there are several insurers who have embezzled their customers' funds until now they have not been paid, so many of our citizens are better off saving funds in my bank by depositing their money rather than taking insurance. ,
but luckily every company has health and old age insurance, so at least for my health and old age I have it from the company where I work

Life insurance provides financial security.

There is a talk about the necessity of insurance in many sectors but the problem is that in some countries insurance companies are scammers. I can tell you from my personal experience that some years ago I went to travel in Europe and bought traveller's health insurance in my country because that is a mandatory thing. I went in another country and had an accident that required me to go to the hospital. Sadly, my local health insurance did nothing for me, I had to pay out of my pocket and had to talk with my local insurance company for weeks to get what I deserved according to insurance plans.
These accidents are very common in my country, that's why people are sceptical and don't use insurance. Farmers frequently demand from the government to cover their losses caused by floods and some natural disasters. They demand to get help from the government but when the government tells them to insure their farms, they hesitate. There are too many problems that need to get fixed.

Insurance is good and need to be encouraged even though the awareness is low in developing countries we need to ensure our asset, life, house etc
So Incase of emergencies we will not be crying so much because we know that we got insurance covering up

I completely agree with you, insurance is necessary and I even think that the fact that insurance is mandatory in Europe, is a very good step. For example, we all have car insurance and when there is a car accident, there is no fight between drivers, people shake hands and go on their way.
Every business needs insurance, especially farmers and it doesn't matter if there was a flood in the recent 15 years or not. The fact is, things happen and no one can predict the future. Many farmers, especially in poor countries hesitate to insure their business because insurance requires also lots of money and when years pass and nothing happen, then business owners think that they wasted years of insurance money and it was a bad decision. Insurance has pros and cons, everyone wants insurance when something bad happens but when things go well and there was no need of insurance usage, they hesitate to pay and even regret that decision.