Is insurance really a waste of money?

[cherry123]

no life insurance is really good some of my friends received the money after the death of there family members

Yeah this is one thing I love about life insurance it can be very useful after death

 

[Sanjeev]

Life insurance is important for the person everyone should avail of it to fight the uncertainties of life.

 

[Enxx]

It isn't. You can use it whatever happens in the future.

But if nothing happens in future then the insurance companies will take all our money

 

[Chibson]

Insurance is not a waste of money at all. every business man needs insurance in case anything goes wrong and he or she will be able to recover losses. There is also got some kind of health insurance.

 

[Sanjeev]

Insurance is not a waste of money at all. every business man needs insurance in case anything goes wrong and he or she will be able to recover losses. There is also got some kind of health insurance.

And when anything bad happens to your business or home and if they are insured, in that case, it is very helpful.

 

[Chibson]

And when anything bad happens to your business or home and if they are insured, in that case, it is very helpful.

Probably, I think it is important people see the reason why they should go into insurance. a lot of people have been able to recover their houses that was burnt because they had insurances.

 

[Sanjeev]

Probably, I think it is important people see the reason why they should go into insurance. a lot of people have been able to recover their houses that was burnt because they had insurances.

I don't know any such person who was not able to recover his/her money. Maybe there is some other issue why they could not recover their loss of property

 

[Hate2Wait]

If we do over investment in insurance then it will be waste because we all know the returns are low in insurance

 

[Sanjeev]

If we do over investment in insurance then it will be waste because we all know the returns are low in insurance

Why will a person over invest on them? There are other things to invest in.

 

[Hate2Wait]

Some people do that because they feel its secure and there is free insurance too but its not a good tactic

 

[Sanjeev]

You should have at least one insurance for everyone in the family that's what I feel.

 

[Hate2Wait]

Yes its ideal but some people who don't like to invest in other securities feel its best as they need to pay every month or in 3 months and this way they can save money

 

[Sanjeev]

Yes its ideal but some people who don't like to invest in other securities feel its best as they need to pay every month or in 3 months and this way they can save money

It's better to invest some money in shares and leave it for some years.

 

[Springtime]

Insurance helps to protect against uncertainties in life so that one can have peace of mind. It is not a waste of money.

 

[iyanpol12]

But if nothing happens in future then the insurance companies will take all our money

There's government insurance system. A beneficiary is included, who might inherit it.

 

[Bisolami]

Insurance is basically securing yourself against the uncertainties of life. Some people say they buy an insurance plan and no uncertainty happened. They are of the opinion that insurance is a waste of money. Do you agree with that?

Insurance is never a waste of money when you ensure the necessary things that you need to insure because some people insure what is not very important sometimes

 

[Raja]

It actually depends of the kind of insurance you availed. At least with life insurance, you won't leave your family debt for your funeral. There are insurance which also has beneficiaries.

Life insurance, Term insurance, Health insurance all have it's benefits

Post automatically merged: Dec 28, 2022

Take 1-2 life insurance policies and it's important to insure our life and it's not waste of money.

 

[eldavis]

Well i dont think anyone is praying to find themselves in such situations though, getting an insurance is simply to protect yourself again unplanned situations which may likely not happen.

 

[iyanpol12]

Insurance is never a waste of money when you ensure the necessary things that you need to insure because some people insure what is not very important sometimes

I remember Mariah Carey insuring her legs, and Jennifer Lopez insured another part of her body. Hehe

 

[Raja]

It's a way to compensate the dependents and survivor so it's not waste of money