Life and health insurance
Life and health insurance. Misperceptions clarified with general knowledge.
Life is a one-time gift of god, and among all life forms the life of a human being is very dear. Only human beings are the one who rules the world, that is land, water and air. And now in the list include the space and other heavenly bodies like planets, meteors etc.
Health is one integral part of human life that needs to be taken care of. A sound health confirms the good and enjoyable life of a human being. Good health is one thing, which every single human being asks from god, either for himself/herself or for the family. Because this good health will help them to grow, prosper and live life fully.
Insurance is a modern civilized method of confirming good health and prosperity for a human being either alive or dead. That is good health till he/she is alive and prosperity for family and the person at that time even if he/she is living or dead.
Misperceptions means the thoughts of the people which are far away from the real facts and their origin depends on the mislead thoughts and misunderstanding of their ownself, friends, or even society. Generally people have many misperceptions about insurance, and they say like
We don't need life and health insurance, because we have enough riches.
We don't need life and health insurance, because the return on life and health insurance is much lesser than we can get return our own ways.
We don't need life and health insurance, because it?s quite hard to save money these days.
We don't need life and health insurance, because we all family members are there for each other.
We don't need life and health insurance, because all the claims of the companies prove wrong at the time of need.
Attempt to clarify Misperceptions.
Attempts to clarify the few above stated common misperceptions are done as follows.
We don't need life and health insurance, because we have enough riches.The biggest rich for a person is only his/her good health. Without good health a no person in this world can take the pleasures of life, even if he/she is a millionaire. Say if a person is diabetic than he/she can't take sweets even if he/she has the capacity to buy one sweet shop. Similarly a millionaire or a even a billionaire cannot buy few days of life from a certain death. Future is unknown and so is life. Moreover in this world where every one is running for money, whom can a person trust to keep his/her riches safe, for the family after his/her death. At that time Insurance for health and life comes to an aid wherein acclaimed health and life coverage are given to a person or the family during the life time or even after death.
We don't need life and health insurance, because the return on life and health insurance is much lesser than we can get through our own ways.
It is quite true that many times the return on investment in Insurance may look much lesser than the person's ability to get through his/her own ways like stock trading, investing in property etc. But did anyone thought of the idea what if the person met an accident then that will take care of such trading or property business. And if in case a person dies in that accident than whom will send the genuine profits to his/her family. The answer is no one will. People today are not ready to give a penny to a living person, than what to say about the dead person or his/her family. At such time Insurance helps the family of the person either to shoulder the expenses on hospitalization or death funeral or even life of the family after that.
We don't need life and health insurance, because it?s quite hard to save money these days.
No doubt, its quite hard to save money these days. But think if you are in need of money the very other day that may be due some physical problem on some family member or any other case. If a person is not able to save on daily than what the hell can be expected from that person at the time of emergency. Think further if the earning person of the house is no more. Than who will fulfil the need of the family members fed on daily basis income of the earning person. So its better to save even a small amount in Insurance. Who knows when that gathered little amount of money proves to be shelter for life for the person and the family. Not only that health insurance helps the person financially during hospitalization and other medical expenditure. So in the end Insurance saves the extra expense of the person.
We don?t need life and health insurance, because we all family members are there for each other.
Living together and caring for each other is the best thing that can happen in this world. But monetary weakness has observed breakage of many strong families. Uncles, aunts, friends, brothers, sisters, wife, children etc., all may change with time, when they find you incompetent to fulfil their needs. So its better to stay at your own and take life and health insurance, so that tomorrow you don't have to depend on anyone for your medical expenditure. And even after your death your loved ones remains safe financially with the life insurance money.
We don't need life and health insurance, because all the claims of the companies prove wrong at the time of need.
This is one notion of trustlessness on the companies of Insurance is quite widespread. It is completely wrong to say that companies do not pay for the Insurance amount. Actually all the companies are registered with government authorities of the country and in case of non-payment of the Insurance amount the company is liable to pay. Then in that case the company has to face trail and pay the liable amount plus fine. But before that a person must read the offer document of the Insurance Company before investing. Many a times some kinds of stages are given in the document in which the company is not liable to pay anything to the investor. In that case the investor may not be benefited. For instance, the Insurance?s are mostly made for accidental deaths and not in case of that death, which occurs due to suicide, natural reasons etc.
Conclusion.
Misperceptions about Insurance are mostly baseless, so its better change your notions and come closer to reality wherein Insurance has proved as a best friend of a human being.
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