Insurance is an essential part of financial planning that provides protection against unexpected losses. It offers financial security to individuals and families in times of emergencies such as accidents, illness, or death. By paying a small premium, one can safeguard themselves from major financial burdens that could otherwise drain savings. Insurance also promotes peace of mind, ensuring that dependents are financially secure even in one’s absence. Whether it’s life, health, motor, or property insurance, each type plays a vital role in managing risk. In short, insurance is not an expense—it’s a safety net for a stable and secure future.
