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Usefulness of insurance by economist and insurance experts

Usefulness of insurance by economist and insurance experts is many more.

Economist and important personality says about definition, importance, usefulness of insurance. Now this quotes is describes for you.


Insurance is most essential for all.

Life insurance offer a way to replace the loss of income that occurs when the policy holder owner dies.

Life insurance policy should provide enough income to cover the costs you will like to incur if your partner dies.

A life insurance policy provides peace of mind to your spouse, children and elder relatives, not for insurance representative.

Life insurance can  protect your family in the unexpected tragedy.

Life insurance is like a parachute that enable you to get off safely with your life from a plane that is going to crash.

Life insurance is a long time commitment to safeguard the welfare of spouse and children when the policy owners die.


 The people who invested in life insurance were not only after money. They were thinking peace of mind of humanity.

 As thinking of Maurice R. Greenberg "Third world insurance congress that life insurance can play a critical role in building the economics at developing nations"


Different types of insurance of insurance :

Life insurance

Marine insurance

Fire insurance

Business Continuation Insurance

Key Person Insurance

Business Buyout Insurance

Creditor's Insurance

Workers Compensation

Medical Insurance

Maternity Insurance

Miscellaneous Insurance .