Safeinsure _ Insurance through blockchain

saahir (59)in #blockchain • 6 years ago (edited)

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Brief introduction of insurance and need?

Let me provide you an idea of insurance and why we need it. In order to live a happy life everyone in this world needs money and to earn it people does different kinds of jobs, whether it may be a government job, private job, labour, some earn money through agriculture, horticulture, handicrafts and some do business to earn. But there is no guarantee of success all the time so a person in order to save himself /herself from the loss goes for an alternative to secure himself /herself chose a mechanism to resist at the time of any downtrend and the alternative is insurance. Now you might be thinking wl what does this mean. It is simply the protection from any kind of financial loss or a risk cover.

The company or the entity which holds the promise of insurance is called the insurer and the person which goes for it is the policyholder. Insurer may be a private company or it may be avaliable in the govt sector too. In order to get involved in the policy one has to pay for it and undergo through terms and conditions of the company to avail it, and at the time of any damage or loss to the entity for which a person has insured the company provides him the the risk cover and hence the burden of The loss is lowered to some extent or sometimes gets full risk cover.

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Drawbacks of traditional insurence

It is being said that every coin has two faces and here is also the same. Insurence policies are full of advantages and disadvantages. We talked a bit about the advantages of the insurance policies above, now letus take a look at the negative side of it.

The insurer provides you some terms and conditions at the time of taking a policy and sometimes these terms can be very tricky and you may not get compensation for all your loses, so it is really important to read the terms and conditions of the policy with great care.

Sometimes the insurance companies doesn't proved the client the promised amount and the policyholder would go for a crime to get his invested money and compensation back, so there is a risk of crime also.

Moreover if you might have opted for a nice policy and you may get compensated but the paper work is very lengthy sometimes and you just get fed off.
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Solution of problems through safeinsure

If we take a look at the world today we can say that the present Era is the blockchain Era and it has entered in almost all the fields of life and insurence market is not an exception though, the introduction of blockchain is going to change the scenario of traditional insurence and those days are not far when we will forget the traditional ways of insurance and choose the option of blockchain, so it is better to get involved early.

So if you want to get involved in insurance through blockchain, choose safe insure now and I will recommend you this for the following reasons.

If you are going to insure the traditional way you will have to go through an agent and that costs you time and extra charges for this purpose, here you will save these costs and here you will be getting policy of your choice without going through these expenses.

It is completely decentralized which means it is not controlled by any agency like the traditional ones and it thus provides you the authority and thus all the control lie withn your hands, moreover you can change the plan of your policy at will and you don't have to beg for this to any person.

It also saves your time, as the transaction speed is lightning fast.

Another reason why I am recommending you safe insure instead of the commercial or the traditional insurence is that everyone is highly concerned with the security and it is provided by it and security here is guaranteed and the chances of leakage of data are near impossible.

SINS token is the currency which runs the network SafeInsure masternodes are decentralized nodes in essence hosting a wallet with collateraliaed amount of SINS tokens.

SINS Coin was among few crypto projects that was launched directly on exchange without any presale, private sale or ico. It also has one of the most outstanding grow hitting checkpoints after checkpoints. It was the fastest coin listed on CMC and on all major coins statistiscs websites. The team also put a lot of effort to bring the coin on all major shared masternodes websites, staking pools and instat marstenodes.