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In this video, I’ll help you to answer the question “What are the benefits of insurance to society?”, “why does insurance exist?”, “who created insurance?” and “why smart people always prepare insurance for themselves?”
But first, let me give you a quick understanding: “Insurance as a product was built by society to protect society.”
What it primary does is:
#1: It insures that people don't lose their wealth.
#2: It makes sure that all your hard work doesn't go to waste
If there's an earthquake, Laki eruption, Tsunamis, Hurricanes, there's a lot of property that gets damaged. There's a lot of assets that get damaged. The loss of lives that are lost. And all of a sudden you see families that are absolutely destroyed. Insurance is built by society to protect these kind of eventualities.
Sounds interesting, right?! But, what if I told you that insurance was also built for the smaller eventualities in our life? How does it work and how smart people use insurance? Watch the video now to get the answer!
By the way, don’t forget to LIKE and SUBSCRIBE to the channel if you learn something from this video so that I can share more financial planning tips and strategies with you. See you in the next video! 👐
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🎖 Who is Dr Sanjay Tolani? 🎖
Dr. Sanjay Tolani, became the “youngest member” at the age of 19 and the “youngest life member” at the Age of 28 to the Million Dollar Round Table (MDRT). He also has 13 Top of the Table Qualifications (TOT), which is considered the pinnacle of the financial services profession. To top things off, he is also the youngest Managing Director of an insurance brokerage in the Middle East.
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