Insurance is a way to protect yourself from big financial problems. You pay money regularly, and the insurance company helps if something unexpected happens.

People need insurance to feel safe. It helps cover costs for things like accidents, health problems, or damage to property.

Some common types are health insurance, life insurance, car insurance, and home insurance. Each type helps in different situations.

You pay a small amount called a premium. If something bad happens, the insurance company gives money to cover part or all of the loss.

It is important to understand what the insurance covers, how much it costs, and the rules for using it.