Insurance is a financial instrument that can be used to protect oneself from the risk of loss

Insurance and finance have a close relationship. Insurance is a financial instrument that can be used to protect oneself from the risk of loss. By having insurance, we can reduce financial risks that may occur due to an uncertain event. Insurance has several roles in finance, namely: • Prevent financial loss Insurance can provide protection against financial loss that may occur due to an uncertain event, such as accident, illness or death. • Increase the sense of security. Insurance can provide a sense of security and peace of mind for the insured. • Helps with financial planning. Insurance can be an instrument for financial planning, such as life insurance for retirement funds. Types of Insurance and Finance The following are several types of insurance that can provide financial benefits: • Life insurance can provide protection against financial losses due to death or total permanent disability. Life insurance can be an instrument for financial planning, such as retirement funds. • He