Financial Security: An insurance plan provides financial security to the insured by offering a potential cover against financial losses. It assures the insured that they will not run out of funds in case of any unexpected expenses or risks. Peace of Mind: Having an insurance plan provides peace of mind to the insured as they do not have to worry about financial liabilities that could arise from unforeseen eventualities. They can work and live without any fear of loss or damage. Health Care: Health insurance helps in covering medical expenses and offers protection against financial ruin due to expensive medical bills. It provides access to quality healthcare at an affordable cost. Income Continuity: Insurance plans also provide the option of life insurance, disability insurance, and other types of coverage that help in the continuation of the insured person's income in case of disabilities, death or other circumstances. Secure future: An insurance plan is an
Social and political general subject