Insurance vs gambling

Insurance is just like gambling. This is quite a strong statement whereby people will just reject the idea at first glance.

More and more casinos are flourishing and opening up in our city. On the other hand, the number of people buying insurance plans is also increasing rapidly. You will hope to earn when you gamble however you will hope to lose when you buy an insurance. Both of them incur risks and the insurance companies/casinos will always earn money as you are just working against the probability. The insurance companies will always win as the payouts that they give will definitely be more than the amount that the people are putting in to the various plans.

When the society is discouraging gambling, should they dissuade people from buying insurance at the same time also? The insurance agent will always say that buying an insurance plan is just like carrying an umbrella when you go out. I partially agree with this point but just couldn't accept the fact that I am working against the probability. I guess all of us still have to take some precautionary measures to protect the people around us but at the same time taking calculated risks and do not blindly put all your money into various insurance plans and leave yourself with minimal liquid cash by your side.