6 types of people who must have life insurance
Many people in India don’t see the need for life insurance. Here are six scenarios in which you could benefit from life insurance: You’re the main breadwinner: Protecting your family is the main reason to buy a life insurance policy. If you’re the sole breadwinner of the house and have dependents like a spouse, aging parents or school-age children, your unexpected demise would leave a financial void in the family. You’re a divorced parent: If you are divorced and your partner is taking care of the children with financial support from you, your death would leave them in a financial mess. Your child has special needs: Being the parent of a special needs child can be stressful enough without the added worry of leaving your child financially helpless after your death. You have an outstanding home loan: If you have just bought a home or your existing house is still mortgaged, the sum assured from a life insurance policy can cover the outstanding home loan in the event o