INSURANCES: Life or Health or whatever kind of Insurances do you have one?

Hey guys are you convince that insurance (of any kind) beneficial?
For me, not anymore...

In our country some of our countrymen had already doubt if having insurance could still be useful and beneficial in the future due to some anomalies and scam done by the owner which were also having a connivance with some government authorities.

Pity are those people who were a victim of these satanic act done to them.
Mostly they were coming from the poor sectors working so hard to earn to paid their respective insurances for their future purposes. I understand it would be unfair to those clean and honest insurance company but I could not blame some people who are already having doubt of getting back insurance again..

Do you have relatives and friends who had been a victim of this demonic act?