Top 5 Insurance Myths You Should Stop Believing

Many people in Uzbekistan still view insurance with skepticism. Let’s debunk some of the most common myths and uncover the truth about insurance.

Myth 1: Insurance is a waste of money

In reality, insurance is a financial safety net and a reliable protection tool. In cases of illness, accidents, or other unexpected events, a policy helps safeguard your finances and speeds up recovery. With over 25 years of experience, EUROASIA Insurance proves its reliability with a high solvency rating of “uzA++” and a “Stable” outlook as of 2023.

Myth 2: Insurance companies never pay out

In many cases, denied claims are due to contract violations or incorrectly submitted documents. Trustworthy companies like EUROASIA Insurance make timely payouts when all policy conditions are met.

Myth 3: Insurance doesn’t work in Uzbekistan

The insurance market in Uzbekistan is rapidly growing. Founded in 1998, EUROASIA Insurance offers 17 classes of insurance and serves over a million clients across the country.

Myth 4: Insurance is only for cars

Modern insurance companies offer a wide range of services — from auto insurance to health, property, and travel coverage. EUROASIA Insurance provides all of these insurance types, ensuring comprehensive protection.

Myth 5: Insurance is too complicated

Getting an insurance policy online has never been easier — just a few clicks. On the EUROASIA Insurance website, you can select a product, fill out a short form, and receive your policy instantly.

Learn more about EUROASIA Insurance products and get your online policy at eai.uz.

Recommended for reading

    The Future of Insurance in Uzbekistan: How Technology Is Making Protection Simpler and More Accessible
    The Future of Insurance in Uzbekistan: How Technology Is Making Protection Simpler and More Accessible

    More and more people in Uzbekistan—especially in Tashkent—are choosing digital insurance for its speed, convenience, and freedom from unnecessary office visits. Since September 2024, the country has officially required all insurance contracts to be registered electronically through the Unified Information System. This means you can now get online insurance in just a few clicks—from home, the office, or even on your way to a café.

    How to Save on Insurance Without Compromising on Quality
    How to Save on Insurance Without Compromising on Quality

    Many people believe that reliable insurance always comes with a high price tag. However, in reality, quality protection can be affordable. The key is to choose affordable insurance that meets your actual needs, without paying for unnecessary extras.

    Why Do You Need Health Insurance If You’re Young and Healthy?
    Why Do You Need Health Insurance If You’re Young and Healthy?

    When you're young, it’s easy to feel invincible. Illnesses and injuries seem like distant concerns. But the truth is — unexpected situations can happen at any age. In such moments, having health insurance in Uzbekistan can become a vital safety net and a real support system.

    OSAGO in Uzbekistan: What It Is, How Much It Costs, and How to Get It Without the Headache
    OSAGO in Uzbekistan: What It Is, How Much It Costs, and How to Get It Without the Headache

    OSAGO in Uzbekistan: What It Is, How Much It Costs, and How to Get It Without the Headache

1