What is Insurance?
Personal moneyPaying a regular fee (premium) so an insurer covers big costs if something bad happens, like illness or an accident.
Think of it like: Everyone in class puts a coin in a jar, and whoever's bike gets stolen is paid from it.
Real example: Indonesia's national health insurance, BPJS Kesehatan, collects monthly contributions from members and pays for their covered hospital care.
Lesson: Insurance: your safety net