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Chuks Udo Okonta
Inability to understand how insurance system works has deprived many people of enormous benefits of being insured.
The erroneous statements and beliefs about insurance can only be stemmed when an individual buys and embraces insurance culture.
In this article, I will spotlight some facts about insurance you can never know except you buy an insurance policy.
Facts
*Claims payment
It is a fact that insurance companies pay claims. Though, there are some elements of defaults by weak companies, genuine claims are daily paid by reputable companies.
To ascertain this fact, buy insurance today through a professional broker.
*Profit making
I feel disturbed when I hear people say you can’t profit from insurance. That is a lie. No wise investor would invest where there is no profit.
There are lots of profits from insurance. For example most savings insurance products come with compounding interest which are profits.
Moreso, that you invested N15,000 and get N3 million cover on motor third-party insurance is a great profit.
*Acceptance
The belief that people don’t accept insurance is wrong. The fact is that people love insurance when it is perfectly presented to them.
In the process of donating insurance policies through Insurfeel Initiative, I have observed that the public really love and accept insurance.
*Success
Insurance practitioners are highly successful contrary to the wrong beliefs. People often say insurers are poor cousins of the banks, but the fact is that banks survive on investments from the insurance sector.
*Not for poor people
The fact is that poor people need insurance more than the rich due to the power of recovery. The rich can easily recover lost assets, but the poor can’t, hence they need insurance more.
Facts are only proven when tested. To get the facts on insurance buy policies today with the help of professional brokers and agents.
