If you don't have trust in insurance, then what must you do?
Insurance has been there even before we evolved into human beings. It existed in the animal world and the earliest forms of civilization, and it shall exist till there is life on this planet.
If you look at animals, they move in a herd so that they're able to protect each other, and if something goes wrong with one of them, the others are there to support them.
Similarly, in early civilizations, humans stayed together in caves or villages and took care of each other.
If you remember your childhood, a time when you were part of a close-knit community, a village, or a large extended family, you'll recall that when problems arose, everyone in the family, village, or community came together.
The pooling of resources would occur organically, with individuals not dwelling on whether they were contributing more or less; it was all about collective well-being.
This sense of communal support provided significant peace of mind to people. As more and more people started moving out of their hometowns for better career prospects, the world became smaller, and these close-knit communities gradually blended into a vast sea of people.
This is where insurance steps in, to create a close family or group of millions of people who support each other when things go wrong.
If I go back into history again, to when insurance started, right from the Babylon Civilization to how Lloyd's of London was formed to facilitate risk-sharing among merchants and ship-owners.
You would see examples across history and civilizations where people came together to pool their resources and mitigate risks.
