WHY INSURANCE
Nothing happens without insurance in our life these days. Insurance is already part of everything we do.
Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of an uncertain loss. Financial risks which means that the risk must have financial measurement. Insurance provides peace of mind. If something bad happens in your life insurance money protects you from financial burden.
Do you have any bills, like maybe a mortgage?? This alone is a pertinent reason to have life assurance. Leaving behind spouse with children and mortgage. This is the major reason we need life insurance to protect our family. If we want to leave legacy to our family we should have some sort of life insurance Critical illness insurance will give you a tax-free, lump sum payment soon after diagnosis to cover whatever you wish and hopefully remove the majority of the financial burden, wherever it happens to come from.Disability Insurance provides monthly benefits if you become sick or get hurt.