What is the meaning of insurance?

The significance of insurance mainly lies in providing necessary protection, risk planning and rational allocation of funds and leverage.

1. Provide necessary protection. Insurance provides protection for common risk factors such as accidents, health and death, which can reduce risk losses and effectively resist risks.

2, risk planning, individuals or families can use insurance tools for life planning, transfer possible risks in advance.

3. Rational allocation of funds. Insurance is a tool for allocating funds, because it has certain investment and can inherit wealth by designating beneficiaries.

4. With leverage, insurance can exchange a relatively small premium for a higher amount of insurance, and with leverage, the insured can get better protection.

Test your anti-risk index, and experts will interpret it for you for free!