General insurance How to Understand the Insurance I Purchased?

[Suba]

We often get offers of various types of insurance products, be it life insurance or health insurance, etc., but what do we think about this insurance, whether insurance as savings, investment or just as protection for ourselves and our family or wealth. What do you think?.

 

[sharonknight]

Insurance, which we purchase, is like an investment in our future, to protect us from those unwelcomed situations. Let's understand this with an example: suppose you are driving in a car with your family, having a good time. Suppose a sudden accident happens in that stage your car breaks, and the people in the car get several injuries admitted to a hospital, Just imagine if you don't have insurance then you have to pay the hospital bill, car repair costs, etc., and your all saving goes to Nil.

And if you have both car insurance and health insurance then it acts as a protection shield that saves us both emotionally and financially.

 

[saoussen5765]

Insurance, which we purchase, is like an investment in our future, to protect us from those unwelcomed situations. Let's understand this with an example: suppose you are driving in a car with your family, having a good time. Suppose a sudden accident happens in that stage your car breaks, and the people in the car get several injuries admitted to a hospital, Just imagine if you don't have insurance then you have to pay the hospital bill, car repair costs, etc., and your all saving goes to Nil.

And if you have both car insurance and health insurance then it acts as a protection shield that saves us both emotionally and financially.

In my country, a driver's license is seized if you do not provide that you are enrolled in a car insurance until you do contract with one car insurance. Then to conclude all it is a must for driver license car owners.