Why people aviod insurance

What i feel is its due to improper promotion of insurance as an investment instrument or for tax planning..if its benefits are explained from security n protection point of view..it can be of more use n dats wat the companies has brought into trend to bring awareness about LI.

i do agree with Mr. Paresh .as we are always in hurry to see the quick result/benifits.As insurence plans (ulips) call for a long time horizons at the same time it is bit expensive .

i like varsh ji's argument.

exactly, thanks for sharing. Nic article indeed.

Why people dont want to buy insurance..........................

Because they don't want to see the inevitable. An individual who is averse to the idea and benefits of insurance, can not or say!! does not want to imagine himself not being in this happy picture, surrounded by his/her near and dear ones, family, relatives, wife, children, parents, siblings...........anyone who could be dependents on him.

Insurance by far is the best arrangement you can leave behind for your loved ones for their continued, happy , relaxed, carefree future. It can provide for n number of situations. The benefits provided by an insurance product exceeds the cost at which it is obtained.

Actually people only see the currency going away from them but they dont realizeits future benefits.

Indians are more inclined to save money - hard cash. they look out for liquidity. The mindset needs to be changed towards Insurance  - we need to realise thats it a matter of "savings" also, in addition to investing for the future. The scenario will definitely change in the next couple of years and you will see a drastic rise in the insured pool. The people in the Life Insurance industry will surely be reaping the benefits very soon.

People are into perception where they are giving importance for the time being most of them are not going for Insurance because, they believe its too long kind of investment, and one needs wait a long time till it get matures, but they are not realising that it is the best way to protect their future and most of them don't kno the different products that are out there in the market, whenever they see a insurance guy around most of them avoid, so that is why you are seeing so many ads of Insurance companies showing you different products with them....

Actually its all percertion and priorities  of the person..even though they know the importance of insurance...