We all know that the world we live in is imperfect with uncertainties of risk evolving around us round the clock. One may be very wise and intelligent
but never can he say nor predict as to when the worst might strike. Well! Misfortune strikes one and all, irrespective of caste, creed, color & status
and virtually there exists no measures to check it from happening nor there will be an end to it. God forbid! Should such become a reality, then all
our pride, joys & hopes will be shattered, our properties reduced to scrapes, rubbles & ashes. Naturally, the more property an individual owns, the more
they will lose and likewise, greater the responsibility an individual shoulders, the greater will be the impact if they succumb to accidents or becomes
physically disabled. It is a fact that nothing in this world can completely protect us nor compensate us fully, but the only way out to do so is to
prepare and equip oneself for such situations with the best.
This best is to take a practical step by reducing our financial vulnerability to risks
that one is exposed to and seek the soothing hands of true friend to cling on during such hours of dismay. This is obviously non other than INSURANCE.
What is Insurance? Insurance is paying little money now for financial protection in future during the times of need. It is a way of sharing risks with
others but definitely not an investment that one might expect to get one's money back.
Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss in exchange for monetary compensation known as the premium and insuring anything other than human life is called general insurance.
The government has revised the existing Rural Life Insurance Scheme (RLIS) to Nu 30,000 from Nu 15,000 with effect from July 1.Read more in Kuenselonline ->
By the end of this year, a crop insurance scheme is to be implemented in the agriculture sector in Bhutan. It will provide a hitherto absent safety net to the policy subscribers, among 70 percent of the country’s population, that are dependent on agriculture.Read more in The Bhutanese ->