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Chuks Udo Okonta
While doubters continue to share the opinion that insurance does not work, beneficiaries whose lives have been impacted positively by the system stay resolute, growing wealth; mitigating their risks and living comfortably.
For beneficiaries who claimed N536.5 billion in year 2023 from insurance sector, the high level of ignorance exhibited by doubters are pitiable.
That the number of doubters are more than believers in insurance, would never stall beneficiaries from pursuing good and comfortable lifestyles from insurance, while doubters struggling in their state of unbelief.
Why beneficiaries keep insuring.
*Experience
Lessons are better learnt from experience. Beneficiaries of insurance having seen how insurance works, would never give attention to the tales from doubters.
*Privilege of small premium big coverage
Beneficiaries understand that it is only insurance can give them access to small premium big coverage. They pay a token to enjoy huge payback, when they suffer mishaps.
Imagine paying N15,000 on third party motor insurance to claim N3 million on damages. Spending N8,000 on uni personal accident to claim N2.5 million for medicals; permanent disability; personal liability and death.
*Privacy
Beneficiaries of insurance enjoy high level of privacy that doubters are not entitled to. When beneficiaries suffer any lost, they approach their insurance company and make claims quietly. But doubters who suffer a lost turn beggars, exposing their lives to the public ridicle.
*Secret wealth creation
Beneficiaries leverage insurance system to create wealth. This is done by buying savings insurance products, which are accessed quietly as against esusu which doubters leverage as means of savings.
*Poverty
Doubters can easily slide into poverty when they suffer mishaps.
Believers/beneficiaries of insurance use the system to fight against poverty.
The irony of life is that the rich believes in insurance, while the poor who needs it more than the rich, stay away due to doubt.
*Adventure
Beneficiaries of insurance are adventurous knowing that they have insurance as risk bearer. They take calculated risks which yield huge fortune, but doubters avoid productive risks, holding on to life threatening risks.
The Bible says: James 1:6 But let him ask in faith, nothing wavering. For he that wavers is like a wave of the sea driven with the wind and tossed.
James 1:7 For let not that man think that he shall receive any thing of the Lord.
James 1:8 A double minded man is unstable in all his ways.
No doubter can make sustainable progress, make adventure in insurance today and join the league of beneficiaries who are leveraging the system to prosper.
