How insurance will help common people?

Question

Accepted Answer

Insurance provides financial protection and peace of mind to common people in case of unexpected events.

Insurance helps common people by providing financial protection against unexpected events such as accidents, illnesses, and natural disasters.
It also provides peace of mind by reducing the financial burden and stress that comes with such events.
Insurance can also help common people plan for their future by providing retirement and investment options.
For example, health insurance can cover the cost of medical treatments and hospitalization, while life insurance can provide financial support to the family in case of the policyholder's death.
Insurance also encourages people to take preventive measures and adopt healthy lifestyles to reduce the risk of illnesses and accidents.
Overall, insurance plays a crucial role in protecting the financial well-being of common people and promoting their overall health and well-being.

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