Topic: Insurance is important - page 10. (Read 4681 times)

Recently we are having good development which is going to help all communities and many countries with media is doing good part for this as well peoples are taking well awareness about this all and now also talking about this with few years back things were not easy like this and many are not like to talk about this all but due to few positive sides which are coming through media and social media peoples are talking about this and also enjoying benefits of this as well.

Developed countries are doing impressive things due to their strong system, but now we are having many developing countries which are learning and trying to bring positive things related to this insurance which is beneficial for the family and business as well.

Insurance is really important. When I didn't have a family, I didn't think about it and didn't pay attention to it, but when I had a child and a family, I thought about life insurance and realized that it was really important. because this is for your family and not for yourself.

Especially now that I have a son who is 6 years old, I immediately took out Sun life insurance for him because I don't want him to get any inheritance from me apart from the house I have now. Even with the car, it is also important to have insurance.

It is not wrong for poor people to have health-related insurance because the cost of medical treatment is also very expensive and quite difficult to meet for those who are still poor. But things like this are not only needed by poor people, but are also needed by everyone, including rich people, even though rich people can afford more expensive medical costs. However, when this can be utilized through health insurance, of course it will not be wasted by everyone because health is a very important thing in life, so health insurance is seen as important insurance too.

That's right, having health insurance is very important because no one can know that they will get sick and have to be treated. Of course this costs money and if we don't prepare it, of course it will be difficult to find medical costs. Having savings is also important, but if we don't can pay insurance contributions. I think it would be better for us to just have savings first because if we only have health insurance then we will have difficulty if we experience other emergency needs. So I think it would be better for us to have savings first before deciding to have insurance.

Insurance is vital , important for trade also for unknown outcomes and a form of escrow to some extent.  Financial services in general are part of a healthy economy or else trade is restricted and the country overall is worse off every day.  It cant be understated how important insurance is, in theory you can always self insure and cover your own losses but in most cases this isnt especially feasible and even if it were the oldest capital richest families or similar arrangements would have all the advantage over others regardless of product innovation, it would be a negative world to have no insurance.

I think that you need to have insurance in the area of ​​life that requires the highest costs in case of unpleasant situations. If your health is not very good, then it is necessary to insure it; if a very expensive car, expensive real estate, large capital or large debts - all this must be insured. Each country has its own options for purchasing insurance, but I think there are many options and you can always choose the one that suits you. It’s also good if you can insure your child. This is very important until he reaches a certain age.

Insurance is very important, especially health insurance, because the benefits we get are greater than the contributions we pay every month. Maybe we don't think it will be useful if we are still healthy, but it will be very useful when we are sick or need it, especially when we don't have savings. Therefore, it is very important for us to have insurance because we don't know what our condition will be like. At least insurance will help our financial condition when we are sick.

Insurance is very serious in advanced countries and the authorities are taking everything seriously. Even if it will not benefit the authorities, they take it very seriously. developing countries are still having issues with insurance because they have other challenges they are battling with so imposing insurance on them will just add to there problems and stuffs like this will hardly work in developing countries. and why i know that it was compulsory in advance countries when you watching movies when police stops you and they are requesting for papers you will hear them ask for insurance papers.

people in developed countries have other issues, they have feeding to deal with, especially feeding and trying to keep up with bills, We know how important insurance is but for now, not everyone can follow such a policy  due to various factors.

It's true that insurance will be patronized more in developed countries because their economies are stable and their governments have structured their economies that the rate of poverty, is not much. But in developing and underdeveloped countries, where the rate of poverty is very high, people are not concerned about insurance, their main focus is to be able to have enough money to cater for basic needs like food, and who can blame them, if they have children that are out of school because of money and they can't feed their families. But anywhere in the world, if someone doesn't fall under the category of impoverished people, then they need to have insurance, because nobody knows tomorrow, life can happen and the table can turn around, where they'll need support.

I agree with your but how come they can have an insurance if they dont have even a little savings on their own? as much as they want, they couldn't because their income is only enought for their daily expenses, having an insurance is only eligible for those who afford to pay the monthly fee but for some people, it's a big struggle for them. let's be real here, insurance should included in our monthly expenses or basic necessity but we can't add it up because some of us considered it as a burden expenses.

Moreover, for underprivileged families, they really need insurance so that if something happens to them, it can be handled well, especially health insurance which can help poor families when they seek treatment.

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.

  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.

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.

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.

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.

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.

Unfortunately I do not even think some of them know how to insure their properties or assets. I have seen many of those in poverty to get easily fooled by corporate people trying to use too flashy words on them.

Banks or those who give insurances are very strict and require a specific amount of profit or savings to be given an insurance and it is only hurting the poor more and doing nothing to help them.

That is the major problem here because you can tell a poor man trying to survive life to insure their properties and moreover those properties may not even be worth insuring because even as we are talking about insurance, it has to deal with properties with high worth and not just any property or investments.

Poverty have been a major cause of lack of insurance in most underdeveloped countries because not every one can afford the cost of insurance and not every one that have properties worth insuring.

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.

In many developing countries we are having solid policies for common peoples which are helping them and giving them good facilities for health and education as well but sadly this all is not implementing in all countries with few are still suffering badly and peoples are fail to have any benefit from them which is creating problems due to corruption and many other related things which are going through and big pharma companies are taking good advantage of this all even we need this for all without any issue because they can do things like these which will surely helpful.
In our country few years back we have few good policies, but suddenly change of government create serious changes which are now giving no benefit even peoples are suffering badly and life is going the worst day by day, but all system is organic, and they are taking huge funds in bribes and related their own business which is really the worst situation.