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Insurance is designed to overcome financial problems in the life of a person and his family.
This depends on the needs of the beneficiaries of insurance.
We see the definition of the word insurance, insurance is a program of mutual help to help fellow humans. By paying a mandatory fee to the insurance company and managed with a very good system.
For example, when a death occurs. One cannot predict when he will die. But someone can make a financial plan for his family (child and wife).
If someone dies, the family will receive a compensation amount from the death of a family member. And that can be beneficial for the lives of families who have died. Of course his child can continue his education until he is an adult without having to think about financial problems.
For me, insurance is very important. This is a very important guarantee of social life