Insurance is a type of legal contract where an insurance company guarantees protection against financial loss for the general public or members of the company and insurance companies agree to pay compensation in the event of almost certain loss or injury, although these policies are primarily used to protect customers from the risk of imminent or uncertain loss
If you look at your country, region or region, there are many insurance companies that offer this facility to ensure the service of customers on a regular basis. In simple terms, in the event of a specific loss, damage or injury, one party agrees to compensate the other party
Also, many people take out insurance to save money in addition to personal financial protection for their families. Many people take insurance for their careers, so if you haven't taken out insurance yet, we suggest you open an insurance account for yourself or your family members
What are the types of insurance?
Insurance companies usually offer more than 10 types of insurance services to customers, but these 10 types of insurance are spread out from only the main 2 main categories: General Insurance and Life Insurance.
- Life Insurance
- Auto Insurance
- Travel Insurance
- Health Insurance
- Homeowners Insurance
- Business Insurance
- Disability Insurance
- Mortgage Protection Insurance
- Income Protection Insurance
- Critical Illness Insurance
When a customer takes out insurance with an insurance company and if the customer suffers a loss during the insurance period due to that reason, the insurance company agrees to compensate the customer according to the contract or they agree to compensate the customer legally
Let's briefly know the history of insurance
- Primary insurance: The concept of insurance began around 1750 BC with the Code of Hammurabi, which was written by the Babylonians. A stone monument and several clay tablets were carved which relate to seafaring and ships
- Life Insurance: The first life insurance policies were introduced around the 18th century and the first company to provide life insurance was the Friendly Society for a Perpetual Assurance Office - founded in London in 1706 by William Talbot and Sir Thomas Allen
The history of insurance does not end here, we have only published it here in a short form, so if you want to know more about the history of insurance, you can read the history of insurance from an encyclopedia like Wikipedia, where the past and present of insurance are clearly mentioned
Why to get insurance?
We all know that life is short and in our life, future and career, we are constantly faced with some situations that we never imagine, but the truth is that the problem we suffer the most in this short life is financial and to overcome this financial crisis, we can take the help of an insurance company
none of us knows when time will turn around, but if we start an insurance in our own name or for our family in this short life, then at least our family and close people will not have to suffer from that financial crisis in the present and apart from our family members, the career of our children will be better