Why is insurance also a monopoly industry?

Insurance is neither a profiteering industry nor a monopoly industry, and there is no deception in promoting insurance.

However, the insurance promotion model in China is hard to understand. Through a large number of business personnel convened by insurance companies, training and lobbying are concentrated, suggesting that you enter the industry, but you don't have a basic salary, so you should buy an insurance first. Let acquaintances and relatives join in and get a commission, but in the end, once the relationship is exhausted. . .

It's a bit like pyramid selling.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.