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The video provides a brief introduction to the concept of insurance, questioning its basic premise.

What is the primary purpose of insurance?

• To provide financial protection against losses

• To avoid paying taxes

• To increase wealth

• To ensure job security

Which of the following is a type of insurance?

• Both A and C

• Travel insurance

• Grocery insurance

• Health insurance

Why is insurance considered important?

• It is a legal requirement

• It eliminates all risks

• It provides peace of mind

• It guarantees profit

What is a common misconception about insurance?

• It is a form of investment

• It is unnecessary

• It covers all types of losses

• It is only for the wealthy

What should be considered when choosing an insurance policy?

• All of the above

• The coverage provided

• The cost of the premium

• The reputation of the insurer