Insurance is a financial safety net that protects you from unexpected losses. In simple words, it’s a contract between you and an insurance company. You pay a small amount regularly—called a premium—and in return, the company promises to help cover certain financial losses if something goes wrong.
Think of insurance as a backup plan. Life is unpredictable. Accidents happen. Illness strikes. Storms damage homes. Insurance steps in when life throws those curveballs.