In this Insurance forum you can discuss and advice on all insurance topics.


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Do young businessman like me needs an insurance?

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    Do young businessman like me needs an insurance?

    I am just 22 and i am thinking of investing for an insurance, do you think its worth it?

    Yes ofcourse! There's alot of kinds of insurance and eaxh of those has its own benefits and comprises, the payment of premiums vary as well. Choose which one you think you need. Age doesn't matter, there's always something meant for you. Health Insurance, Term Insurance are just few kinds. Talk to Financial Advisor and they will discuss to you the benefits of each. INSURANCE IS A MUST. It can save you from possible financial problem so I would strongly suggest while you're young, you should start paying your premiums. The younger you are, the cheaper you pay and it's all worthy.


      I suppose you are a young adult, if then you are, I am glad to let you know that uncertainty has no respect for age. The obvious and most important benefit of insurance is the payment of losses. An insurance policy is a contract used to indemnify individuals and organizations for covered losses. Insurance provides payment for covered losses when they occur. Therefore, the uncertainty of paying for losses out-of-pocket is reduced significantly. Insurance meets statutory and contractual requirements as well as provides evidence of financial resources. Insurance policies provide incentives to implement a loss control program because of policy requirements and premium savings incentives. Insurance makes it unnecessary to set aside a large amount of money to pay for the financial consequences of the risk exposures that can be insured. This allows that money to be used more efficiently. Insurance helps reduce the burden of uncompensated accident victims and the uncertainty of society.


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