What is Insurance?

Insurance is a financial agreement between a person (or business) and an insurance company. It helps protect you from financial loss in case something unexpected happens, such as an accident, illness, or damage to property.

In this agreement, you pay a small amount of money regularly, called a premium, and in return, the insurance company promises to cover certain losses or damages.

Why is Insurance Important?

Insurance is important because it provides financial security and peace of mind. Life is unpredictable, and unexpected events can be expensive.