Insurance And Its Benefits

6 days ago (Edited)

Hope we all had a wonderful working week friends of hive 🥰💕.

Insurance policies are one thing I know that is very important, and the most important of them all should be Life Insurance because this aspiration of insurance policy has to do with health and life is one thing we as humans has no 💯 percent control of, especially when terminal sickness are involved.

Although here in my country Nigeria 🇳🇬, we do not take insurance as something so important . Not that we don’t know the value, but because of money is involved. I can say those mostly involved with Life Insurance here are the rich class who are able to afford the monthly payment regularly.

And to be honest, I see insurance as something every one should value because every area of insurance has its benefits. Be it life insurance, property insurance, car accident insurance, health insurance and others. But many who don’t value it maybe due to how they are not rich enough to afford the payments or the believe that why pay for something that is inevitable like when we talk of life insurance were every one knows that they will eventually die.

I don’t think who ever came up with insurance policies did it just for the purpose of getting money from people, since the idea of insurance is that many may end up not getting back all the money they have paid like for instance, a person who bought a car and insured it for purpose of accident might end up not involved in any car accident because no one wants to willingly involved his or her car in an accident because they have insurance for the car. And car accident can involved death at the same time making it pitiful since insurance will only pay for car accident insured and not life insurance since the person only insured the car.

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But for those who might unwillingly involved in an accident, insurance will pay to them to either repair the car or buy a new car, covering up loss from others who will not involve in an accident. So this is how insurance companies make their profit as far as many clients are paying their monthly payment and hoping that “if anything happens, insurance will cover it up.

I recently experienced how good insurance works when my daughter was about to travel for studies. In fact as a student traveling out of your country to another country, you must have your health insurance that will cover your expenses in the case of emergency 🚨. And this is a very serious issue because your forwarded documents must be thorough checked. We have to pay insurance for the international insurance body to cover your transiting for a period of time.

Insurance therefore is a way to keep ourselves at peace with the unforeseen circumstances just like the way we keep our funds in the bank. Even many rich people insure their properties in the case of fire 🔥, others insures lands. So we should see that the benefits of insurance are more than what we thinks and this is why it turned out to be a big business in many well to do countries.

The rich knows how important they need to secure all they have worked for in life. Its only the poor that is left out because what do you want to insure when you have not eating well enough. The economy of the country has kept many of us in an uncomfortable edge where we see good things as bad things because its out of our reach. We are practically facing the basic necessities which is what the economy made and resulted people into.

However, I see insurance as one most important thing among other things in life. I know what the benefits are and will not hesitate to ask for insurance once I have the opportunity to afford them by having funds and other properties I needed to insure.

This is my entry into the #hiveleaners featured content for week 204, edition 03.