Insurance is sweepstakes

Insurance is sweepstakes??? Many people think that insurance is like gambling. Place a small premium bet, and you can win a jackpot of a large amount of money. That’s a concept that exists in the minds of gamblers, and/or people who don’t understand the concept of insurance which is different from gambling. Gambling is a game that results in someone winning and someone losing. Meanwhile, in insurance there are no winners or losers, because insurance is a business concept that uses a mutual cooperation scheme among fellow policy holders (insured), and the insurance company is just a system that collects, manages and pays funds from and to the insured. Insurance helps a person, family or company, economically by paying compensation or compensation, so that damaged goods can be restored (receive compensation), and the family left behind can continue to live a more stable life because they receive compensation (benefit). Insurance restores the financial position of the insured party. The insur