Short Essay on Advantages of Insurance

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Insurance and its advantages

What is the need for insurance? This the most frequent question which most people appears to query when they are asked to discuss on the subject that whether they had done their life insurance or not?

insurance essay and advantages

How much should the watchman of your building be paid?  Does he protect your life every night form many unpredicted situations? Very less, right? Life is of huge value and so are the dreams but its protection demands you a very little investment. It includes a little care and a little patience.

Insurance is an effective way of accepting the challenges which life offers to you at each and every place. In today’s world, an individual has many dreams and decorates them with love and feelings. These dreams are meant to be completed and are not meant to get destroyed due to anything.

Insurance is an assurance to you that your dreams will not remain incomplete due to financial problem. We know that money is something which will come if we work for it but life can take any turn and can switch the situations to the worst. In these conditions, one may get unable to work to earn money. In such a situation too, you would have confidence in your dreams if you have taken the insurance.

There are huge advantages of insurance which cannot  be explained through one article but some key features of its advantage are mentioned here

advantages of insurance

Mental relief:-  life makes you witness many situations which may or may not be good. Everyone knows it somewhere in his heart that hardships will, not now and maybe not tomorrow, come. This feeling and sense of insecurity give a feeling of fear and anxiety.

If we take an insurance policy we would have the confidence of whatever the situations would, we can have a good life. Suppose you just have purchased a guaranteed good then within the guaranteed period of that good remember how confident you feel about that product.

Safeguard of Money:-

Insurance of important things is also possible, i.e. you can have your house, your phone, and even your television insured. So that, if they experienced any damage you could have your money to rebuild it or to fix the situation which has gone worst. This is how your money remains safe.

Security of future:-

Life never spares you. If life is good, it would give you all things good and if turns its face it would be the worst. Why rely on luck for your family’s security and their future? Everyone has right to secure his life. You too have it. Insurance safeguards the future as it assures you everything back, which life has taken away from you.

Some life insurance policies are exceptionally flexible. They can be modified if the policyholder wishes to have the same. If life turned its face against you then maybe you can be out of the situation and get helped by the policy which you had taken in your good times.

READ: HEALTH INSURANCE  

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