Insurance is not Gambling


Insurance and gambling were considered alike because there is an uncertainty of events and payment is made when the event occurs.

 Like gambling, the insured is unaware of the time and amount of loss.

 If the event occurs, the insured like the gambler gains; otherwise, they are experiencing the loss.

 But there are certain differences between the insurance contract and gambling.

 source

Comments

  1. Ziana Roy8/8/20

    Thank you for sharing such great information.
    It has help me in finding out more detail about best individual health insurance

    ReplyDelete
  2. aaravlaghar16/9/20

    Thanks for sharing the blog, seems to be interesting and informative too. Can you suggest some of the interesting places to visit for singapore life insurance

    ReplyDelete

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