Question

How Insurance is also popular as a mode of Investment.
under 200 to 250 words​

Answer 1

Answer:

A lot of people think that insurance is a waste of money. They contend that if the premium was invested in other avenues, it would grow to a sizeable amount. But life can take unexpected turns. The death of the sole breadwinner can transform the lifestyle of the family. A small accident can leave a person with a disability, impairing his livelihood. The treatment of a critical illness can drain the life savings of a family. Even 3-4 days in a hospital can leave a person with a bill equal to 10 years’ medical insurance premium.