INSURANCE

Life and Otherwise....

Insurance in the subject matter of Solicitation.

— To yield or to not to.

The entire idea behind this site is to explore life. And why not life insurance!!

The most highly repeated argument in favour of life insurance is that the family and loved ones would be struggling after your death if your life was not insured. I tend to ask what if the family is already wealthy??

Another argument is that Life Insurance is an investment option. And I have heard equally if not more emphatically that life insurance is not at all an investment option. It is only a security fund for the survivors and nominees incase of the policy holder's death.

Talking about insurance, it is that only 'life', that insurance is offered to. For so many things, ranging from Health, house, automobiles, two wheelers, house, travel, insurance is offered. Not to mention rockets and satellites. Apparently space agencies pay hefty premiums for insuring their space assets during development, launch and post-launch.

And it is always a pain in the 'you-know-what' to settle the claims! Before enrolling you, they will spell out all sorts of golden promises on what are the cases and claims they cover for and how easy it would be to settle the claims. And when actual need arises, you will be told thousand and more reasons of why that claim is not covered and cannot be paid, obviously showing all the micro printed statements which you signed without even reading.

Adding to that, it is compulsory under the law in certain parts of the world to have an insurance for life or other items. Which is sort of breach of individual's right to make his own choices. At least I cant fathom why it should be made compulsory for having a vehicle insurance. And they most likely they are of no use when it is really required or it will be a struggle to get the expenses covered.