Significance of insurance. Term insurance is a system to prepare for various risks that occur in daily life.

There is no limit to the risks involved, such as illness, injury, death, accidents and other unforeseen events, fires, natural disasters such as typhoons and earthquakes, liability for damages to third parties, and disadvantages incurred in the business.

However, it is often difficult for individuals to deal with such risks on their own. Therefore, insurance is to collect a certain amount of Insurance premiums from people who are similarly anxious and trying to prepare for an emergency.