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How necessary is having an insurance?
Insurance plans are beneficial to anyone looking to protect their family, assets/property and themselves from financial risk/losses: Insurance plans will help you pay for medical emergencies, hospitalisation, contraction of any illnesses and treatment, and medical care required in the future.
Do you think it is necessary to get an insurance and why why not?
Insurance is an important financial tool. It can help you live life with fewer worries knowing you'll receive financial assistance after a disaster or accident, helping you recover faster.
Do you always need life insurance?
Not everyone needs life insurance. Those who've accumulated enough wealth and assets to care for their own and their loved one's needs independently in the event of their death can forgo paying for life insurance, especially if it's a term policy.
Is it necessary to do insurance?
Insurance is an important financial tool. It can help you live life with fewer worries knowing you'll receive financial assistance after a disaster or accident, helping you recover faster.
What do you mean by insurance and why it is necessary?
Insurance is a way of managing risks. When you buy insurance, you transfer the cost of a potential loss to the insurance company in exchange for a fee, known as the premium. Insurance companies invest the funds securely, so it can grow, and pay out when there's a claim.
Why is it good to have insurance?
It covers your day-to-day costs and larger expenses like your mortgage while you focus on your health and recovery. Cover health care costs like prescription drugs, dental care, vision care and other health-related items. Provide for your family in the event of a death.