How is Insurance Different from Other Primitive Investment Sources?

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How is Insurance Different from Other Primitive
Investment Sources?
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• Investments are
  broadly defined as any amount of time, energy or
  terms of matter which is spent pursuing a goal or
  towards a hope of future returns or benefits
  expected within time frame and specified time.
  Investment though is looked upon differently
  through the prism of economics and finance.
  According to the theory of economics, investments
  are defined as accumulation of physical entities
  which are produced these include houses,
  factories, and goods, so on.

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• Where as in finance the term
  of investment is related to financial terms and
  terminologies. In, finance, investments are
  defined as buying assets keeping and aspiration
  to have an appreciated capital or interest
  earning. This is mostly unpredictable and can be
  or not be backed up by research. Since most of
  the investments are closely related to risk which
  can be either property related, equity related
  assets and so on. The foremost responsibility of
  any project lead is to make sure that these risks
  are identified and a contingency plan is devised
  for the same in advance the investments are made.
  Now here the question is which is the best
  investment platform to use?
• Insurance sector has risen up to be looked upon
  as the Best Investment Plan in.

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• Primitive saving methods such as
  fixed deposits have been replaced by insurance
  policies. This is mainly because while investing
  in fixed deposits the return on the investment is
  minimal and a major chuck of money is blocked for
  a long period of time. Whereas if a person buys
  insurance, the benefits of the plan depending
  upon terms and conditions of the plan provide
  maximum coverage to you and your family. In case
  of health issues the insurer takes care of all
  the medical expenses and no huge paperwork is
  required. In case of health emergency you need
  not to run after banks and get the paperwork done
  to get your own money out but with insurance by
  paying minimal premiums every month or so huge
  benefits are provided at the time of need.

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• Similarly, child plans promise a maximum coverage
  to your child in building up his future by
  providing financial assistance to your children
  at various steps of their life. Mostly the
  benefit provided is far more than the money
  invested through premiums, and that is something
  which makes insurance policies unique. Investment
  done by the insured is in terms of premiums which
  are paid to the insurer on agreed upon time.
  Investments are real simple if invested properly.
  When your insurance can provide with maximum
  benefits why to stick with minimal financial
  return sources.

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