Main purpose: Insurance protects you from financial loss.
Example: If your car is damaged in an accident, car insurance helps cover the repair costs.

Knowing you're covered reduces stress.
Whether it's health, life, home, or travel insurance, you can feel more secure about the future.

Insurance pools money from many people to help those who suffer a loss.
This spreads out risk so no one person has to bear the full cost alone.

Life insurance often combines protection with savings or investment options.
It helps in long-term financial planning.

For businesses, insurance helps manage risks like fire, theft, liability, or employee injuries.
It helps companies recover and keep running after losses.

Some insurances are required by law (like car insurance).
Others may be required by lenders (like mortgage insurance when buying a house).

Insurance gives individuals and businesses confidence to invest, innovate, and grow.
It reduces the fear of total loss in case of accidents, disasters, or illness.