Kathmandu. Today, insurance is no longer just a paper deal. It is a symbol of life security, financial stability and peace of mind.
Insurance is a silent ally in the modern times of uncertainty, natural disasters, accidents and expensive medical systems. Which provides a helping hand in times of crisis. Yet, insurance remains a neglected concept in our society. Which is considered only in serious circumstances.
The reality is that most people don’t understand the real purpose of insurance. They think it’s just a way to waste money. However, the real power of insurance lies in planned protection. With the right policies, accidents and illnesses cannot shake the economic foundation of a family. However, due to incorrect or inadequate policies, many people realize in times of danger that their safety umbrella was actually a hole.
It is important to analyze your needs and risks before buying insurance. Not everyone can benefit equally from the same policy. Health insurance can be good for anyone. However, life insurance or property insurance may be more effective for others. The problem is that many people buy insurance simply on the advice of someone they know without careful analysis. As a result, their real needs are not met.
Another major problem is ignorance and incomplete information. Many people sign insurance contracts without understanding the terms and conditions. Later, when filing a claim, they discover that the insurance policy does not cover the required risk. It’s not just the fault of individuals, insurance companies also share important responsibilities. They should explain each situation and risk in simple language so that the average customer can make an informed decision.
Transparency, timely claim resolution and improved customer service are needed to restore trust in the insurance sector. Claim payments often take a long time to receive or involve unnecessary complexity. This creates a negative perception of insurance in the mind of the customer, which affects the entire sector.
Similarly, it is important to prioritize insurance as part of personal financial planning. It’s not a luxury, it’s an important technology to manage future risks. Just as a conscious citizen plans to save and invest, insurance should be an integral part of maintaining financial stability in one’s life.
Insurance should not only be seen as a binding agreement, but also as a reflection of a responsible vision for the future. This awareness should be done at all three levels: the state, the institution and the individual. Because insurance is not only a promise of compensation but also a promise of security and stability for our financial life. Buying insurance with the right knowledge, responsibility, and foresight can turn future uncertainty into a sure and secure future.
