Importance of Insurance

Insurance provides financial protection against unforeseen occurrences that could have an adverse impact.

Insurance is a form of risk transfer thus reduces one’s financial exposure.

Insurance offers peace of mind. Allows someone to focus on their daily life without constant worry about potential losses.

Insurance provides a way for businesses continuity by covering financial losses that might otherwise be hard to recover from.

Insurance eases financial burden to family members and dependants in the event of unplanned circumstances such as emergencies, illnesses and accidents which require urgent financial intervention.

Insurance helps in planning for future needs through various models of savings and investments.

Insurance supports business growth and wealth creation by providing financial protection through various insurance products.

Insurance protects lenders from financial losses if a borrower dies before repaying a loan, through credit life insurance.

Insurance provides opportunities for investments and job creation.