Insurance is a investment or not?

Question

Accepted Answer

Insurance is not an investment but a risk management tool.

Insurance is a contract between an individual and an insurance company to provide financial protection against specified risks.
It involves paying premiums in exchange for coverage against potential losses or damages.
The purpose of insurance is to mitigate the financial impact of unexpected events, such as accidents, illnesses, or property damage.
Unlike investments, insurance does not generate returns or profits.
Insurance is a risk management tool that helps individuals or businesses transfer the risk of potential losses to an insurance company.
Examples of insurance include life insurance, health insurance, car insurance, and property insurance.

Accepted Answer

No insurance is not investment.

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