Insurance is a process where you make small investments over the years and get a big lump sum. It is usually done monthly, weekly, yearly. It may vary from country to country.
Insurance is a good process as a conscious citizen. This system is in operation in all countries of the world, United state, United Kingdom, Canada, Belgium, Australia have insurance system in all countries of the world.
The amount varies from country to country. It is more in developed countries. However, everyone should plan for the future and get e-life insurance. Then you don’t have to wait for others in your last age.