Insurance is a way to protect yourself from big financial losses. You pay a small amount every month (called a premium), and the insurance company promises to help you if something goes wrong.
For example:
- If your car gets in an accident, car insurance pays for repairs.
- If someone gets sick, health insurance helps pay hospital bills.
- If a person dies, life insurance gives money to their family.
There are many types of insurance, such as:
- Life insurance
- Health insurance
- Car insurance
- Home insurance
- Travel insurance
Insurance gives peace of mind. You don’t have to worry about losing everything if something bad happens.
In simple words, insurance is like a safety net. It doesn’t stop bad things from happening, but it helps you recover when they do.
