why Life Insurance necessary ?

What is Insurance ?

Promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company.

This is just a definition of insurance. But as time gose definition will not change but the company will giving more facility to the coustemer and also to the workers (sale person ), and are good opertunities for both. (for coustemer and sale persons )

There are about 22 life insorence companies in india. And many more are goning to enter in in this field soon. so many people will get job from it.

There is no guaranty about out life, because out life is uncertain. We can’t say any thing about our future. Our future is covered with Uncertainty. What will happen in coming few seconds no body knows? We also can’t say about our self,

Whether we are seating in front of a computer, we can get an electric shock,

Or our building can collapse,

Or any car or truck can destroy our building,

Or any terror attack,

Or earth quake,

Or any natural disaster,

Or public destruction,

Or etc... etc... many reasons.

If a person from any family is earning the money to run the family, and in any uncertain circumstance this person goes in the hands of death, then his family will be in economic crises, then

Who will take care to run their family?

Who will look after their children’s study?

Who will look after their parents?

Who will look after their spouse?

Who will look after their illness?

Who will look after their daily expenses?

Who will look after their occasions?

Who will look after their social expenses?

So to meet this need (economic need ) there is one solution LIFE INSURENCE

We have to insured our life.

We have to insured our vehicles.

We have to insured our property.

THERE ARE TWO KIND OF INSURANCE

1, Life Insurance

Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is a loss of income to the household. The family is put to hardship. Sometimes, survival itself is at stake for the dependants. Risks are unpredictable. Death/disability may occur when one least expects it. An individual can protect himself or herself against such contingencies through life insurance.

2,General Insurance

Insuring anything other than human life is called general insurance. Examples are insuring property like house shop and vehicles against fire, accidental damage or theft. Injury due to accident or hospitalisation for illness can also be insured.

WHY LIFE INSURENCE ?

• SECURITY OF LIFE
• INVESTMENT, SECURITY FOR OUR FUTURE
• GROTH OF OUR MONEY 
• LIQUIEDTY
• TEX BENEFIT

Please give you views on this hub page. And do rate this hub page. thanks and be insured your self to meet any loss in our life.