On any given day, you may come across several TV commercials, newspaper and online ads, hoardings and magazines trying to tell you about the importance and benefits of life insurance. Yet, how many people take action and buy a life insurance plan when they see those ads?
Going by available data, they are still very few and far in between. According to a report published by IndiaSpend in January 2019, 75% of India’s population is living without any form of life insurance protection. That is close to 99 crore people in this country, who are putting their family’s future in danger . It is understandable that many among them may not be able to afford paying life insurance premium, but even then, there are millions who can, but still do not buy it.
Downplaying the importance of life insurance in our lives is dangerous. That should be even more evident now with the deadly impact of the COVID-19 pandemic. The message is loud and clear: Do not delay in getting life insurance protection. To emphasize that point, know why you should purchase life insurance early in life and the advantages of life insurance plans.