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 outstandin...