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Chuks Udo Okonta
Just like the trending gospel song – No turning back, insurance also demands such commitment due to the opportunities it offers.
In this article, I will expose some opportunities and benefits that should make you remain committed to insurance.
*Protection
The insurance system offers protection against risks. The value of insurance is appreciated when it seems all hope is lost and suddenly respite comes your way in the form of claims payment to keep you going.
*Small payment, big coverage
The insurance system provides opportunities to gain more from small contributions. Take for example N15,000 payment on third party motor insurance, allows a motorist to enjoy up to N3 million coverage.
*Benefits from the wealthy
The insurance system enables the low income earner to enjoy the contributions from the rich. This is done through the fund pooling mechanism which is the pillar that sustains insurance practice.
*Wealth creation
Most insurance saving products have the element of compound interest which helps in growing or creating wealth for policyholders.
*Peace of mind
Insurance gives policyholders an assurance of succour at the time of mishap. The assurance brings about peace of mind to the policyholder knowing that he/she would never fall flat as there is a helping hand to assist.
*Giving back to society
Insurance provides an opportunity to give back to society. As insurance thrives on fund pooling mechanisms, policyholder contributions are used to cater for individuals who suffer risks.
With these aforementioned benefits, you can now see the reason you can’t turn back from insurance. Reman blessed.
