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Finance Forum India

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Life Insurance Myths That Could Hurt Young Families

At the start of your career, you may find it difficult to have a sufficient income. With new commitments, such as buying your home or starting a family, you also need to ensure the well-being of your loved ones. An important consideration is to ensure the financial stability of your family in case of your sudden demise or accidental disability. One way to financially secure your loved ones is to avail of insurance coverage. This ensures your family is able to sustain their lifestyle without any financial constraints. Unfortunately, insurance penetration in India is low. Several myths about life insurance prevent...
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Life Insurance Needs for Mothers

In modern society, women have excellent careers and are equally responsible for the welfare of their families. Eventhough women play an important role in the families; many of them are still under-insured or uninsured. Once they become mothers, several women opt to stay at home to take care of their children. Some are single mothers who have the entire responsibility of managing their homes. Irrespective of whether a woman is a working, single or a stay-at-home mother, the necessity of insurance coverage cannot be disputed. Here are some reasons why mothers should avail insurance coverage ·      Income replacement A working mother...
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