Who should buy life insurance ?

Newly married people

Married couples need life insurance, especially if one partner depends on the other's income. It guarantees that the surviving spouse can continue to live comfortably and pay for things like household bills and the EMIs.

Young parents

Having life insurance to cover your children's expenses in the event of your incapacity is essential if you have young children. The cover includes paying for regular bills, schooling, marriage, and additional costs associated with raising children.

Individuals with financial liabilities

If you have a large amount of debt, such as a mortgage or student loan, life insurance can make sure that your family won't be left to deal with it after you pass away.

Also, if you are single and your dependents are dependent on your income, like ageing parents or older siblings, life insurance can give them the necessary financial support following your death.

People about to get retired

Certain life insurance policies, such as whole life insurance plans or universal life insurance, can help you meet your financial objectives by giving you extra income during your golden years if you're planning for retirement and want to augment your retirement savings.