Insurance

[Enoch]

Hello guys....
Is insurance is gambling?
I think, insurance is not gambling, because you are working with statistics with insurance. A company will never insure one person, they will insure tens of thousands to millions of people. Once you reach such a large number of clients, the variations does not affect you greatly anymore.

 

[tomwarren]

No, Insurance is not gambling, Because of it is for health and bright future. Insurance Premium is not important, But important that suddenly accident or suddenly dead or injury for body any parts. Then insurance company give a claim as per policy.

 

[jigkycotty]

Insurance is a protection against a financial loss arising on the happening of an unexpected event. Insurance Companies collect premium to provide for this protection. One of the terms that you will hear is the excess. The excess on your motor vehicle is the amount that you pay into the insurance company when you have an accident.

 

[Erickmcelfresh]

Insurance is very useful to you ,insurance is a risk management factor,it helps to against risk, Insurance is gives you a surety of insured items.mostly peoples are take insurance for the safety.so insurance is very very useful thing.

 

[princeg]

Insurance is a A promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss.