A simple explanation of what insurance really means and how it works as a community safety net.
If you've ever wondered what insurance really means, you're not alone. Many people think it's just "a place where money goes and never comes back." 😅 But here's the real deal in the simplest way possible.
You and 99 other people agree to put some money in a shared pot. Let's say each of you contributes KES 1,000.
Now, if one of you faces an emergency like a big hospital bill, that shared pot is used to help them.
That's it. That's insurance.
You're pooling your money to protect each other in case life throws a curveball.
You might never need the money and that's a good thing. But if something goes wrong, the support is there.
So, insurance isn't a scam. It's a community safety net. A financial way of saying:
"If something happens to you, we've got you."
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