3 reasons why you should get insurance

Get insurance! Get insurance!! We hear it all the time. But do we really know what we stand to gain from getting an insurance cover? Buying insurance can be very tricky, as it’s not like buying furniture, clothes, food. When you buy an insurance policy, you're buying a promise. It's a promise that if something catastrophic happens in your life, your policy will make you whole again. If you’re going to buy something you cannot see, you should at least know what it does for you, right?

Insurance is simply defined as a cover against future risks. Insurance gives your security against future damage to any of your assets and even to your life or health.

Here are 3 top reasons why you need insurance:

1. Risk coverage - The major benefit of insurance policy is to provide you with risk coverage. You can make sure that in case of any damage to your possession you can get enough recovery benefit. As the names imply, life insurance, car insurance, travel insurance, health insurance and even mobile phone insurance will give you security & cover against future risks.

2. Adequate planning - We plan daily for our future, and life events such as marriage, children’s education, retirement, travel and many more. If the earning member of the family dies suddenly, the plans for the rest of the family should not be affected. A top reason to get insurance is to provide that extra security for your family or your future in case of death, disability, critical illness and so on. You also want to insure your assets against damage because damage to them can set your plans back from a few to thousands of bucks. A car insurance for instance covers any accidental car damages to ensure you don’t pay out of pocket when accidents & damages occur to your car. You can enjoy your life and travel the world with the assurance that travel insurance gives you. An insurance plan like life savings offers you a free life insurance cover while also giving you returns on your savings. Living insured means that you can take risks without fear.
3. Peace of mind – We manage risks everyday! Insurance is a Risk management tool that is used by many people to surmount risks faced daily. Health insurance for instance is a tool for managing health risks that may come up at any time. Illnesses can hamper you from achieving your future goals, but, having the right insurance cover, such as a retail health plan, means you can access over 1,000 hospitals for healthcare.

Buying an insurance plan can help you keep your cool in your daily life. Buy an insurance plan that allows you to enjoy your life & keep your cool when life happens. If you really understand the importance of insurance, you can plan for uncertainties and spend most of your time concentrating on your life, family, and work.