People often claim that they know insurance but if enquired, they have no insurance plan or policy.
According to Wikipedia, the free encyclopedia, "Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of a guaranteed small loss to prevent a large, possibly devastating large loss. An insurer is a company selling the insurance. The insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice."
Many are allergic from the word of the "Insurance" but it is not their fault. In fact, they are unware about the value or real meaning of the insurance. They should, instead of discussing about "insurance" be invited to solve their No.1 problem, which is being faced by every working person i.e. Income Problem. Every sincere, intelligent and responsible person will reply with YES in return of this statement and question: "As far as any person is working, he/she is earning but if he/she stops working, his/her income is stopped. Is this correct?"But, continue the statement and ask another question, "in such a situation he/she still needs an income to maintain the same living standard. Is this correct?"
Now the targeted person is endured to the reality. State is ready to start proper brain storming by speaking, listening, analysing and leading to the real point of Solving the No.1 Problem with understanding.
