June 28 isn’t just an ordinary day. It is the particular time of the year where the importance of insurance is relived, even for just a day. Insurance is something that may not draw smiles all the time. It would typically raise eyebrows most of the time. It’s true that insurance is infamously associated with risk, accident, and death. Life is always full of surprises and sometimes these surprises are those you don’t actually expect to happen. And that’s when you will appreciate insurance in the most unconventional way. The unexpected twists of life are downright startling, but with an essential investment like insurance, it will be easier to cope up with its uncertainties.
Long before insurance got its prominence, it can be traced all the way back to the earliest human society, where it was first referred as a binding agreement for a mutual aid. The first ever distribution of the so-called risk in monetary was associated with the ancient Babylonians and Chinese during the 3000 to 2000 BC. In the notable code of Hammurabi, insurance was already inscribed in its pages, which soon became the first fundamental written laws of insurance.
In the present time, insurance has become more unique and sophisticated. There are lots of variations that specify different types of plans for different people. Each plan holds a particular coverage and premium. Buying insurance is not an overnight decision. You need to consider many things such as your finances, status, location, and the like. And that is why insurance awareness day was born.
Every 28th of June, the significance of insurance is on its peak. Hence, this is the best day of the year to consult an insurance agent or review your insurance plans. There are different types of insurance— life, health, property, and many more. So, it’s better to know what you need before delving into the rather intriguing world of insurance.
If you own a car, then you’d definitely need car insurance to protect your investment, to get it back in shape, and of course, to safeguard your assets, in case of accidents. Property insurance, on the other hand, protects your physical property against damage or loss caused by earthquake, fire, flood, theft, and other perils. And for everyone, health insurance is apparently the most important one because ‘health is wealth’. Having a health insurance will totally help you with the whopping hospital bills.
Insurance and its unappreciated yet indispensable charm
Preparation is the ultimate remedy for life’s unpleasant surprises. And insurance is one of the most vital preparations you can run into. It may be a long term investment, but it will always be there for you when you need it. It offers security and helps you stand up during the worst time of your life. Thus, it’s definitely a sound judgment for you to buy insurance, whether it’s for your home, car, or health. After all, life is a borrowed gift and your insurance coverage is not just for you, but also for your loved ones.