Insurance sometimes take back seat because it is not considered as a necessity. Some of the common reasons for not taking up Insurance planning are young people do not need insurance or they are fit enough to come across any unfortune event.
Some also think why pay insurance premium every time when they would not get anything back in case they survive till the entire tenure of the policy.
It is natural on our part to avoid thinking about any unfortunate event that could affect us or our family. We are all wired to think positive, but the essence of insurance is to protect us from the risk of making loss.
Emotional loss can never be replaced, insurance replaces the financial loss caused because of any unfortunate event.
Everyone who earns should insure themselves, it is the only way to replace their earning capacity of the breadwinner in case of any limited or catastrophic unforeseen event.