Insurance was the element introduced with the idea of safeguarding the loved ones who encounter the loss from any impulsive incident. Due to its valuable financial support, insurance acts as a backbone during any unpredictable life events. Since life is so impulsive, an unfortunate demise of a loved one will impact the family members emotionally and give challenging situations for
Purpose of Insurance The purpose of insurance isn’t a maintenance plan or to fund home improvements. The purpose of insurance is to provide a security, so that when a disaster occurs, natural or otherwise, your financial loss can be minimized. The industry was created to protect individuals from devastating losses. While no accident can be completely fixed, insurance companies strive