Term Insurance for parents in India - What, Why, Importance?
Term Insurance for parents in India Term Insurance Plan Being a parent is a huge and significant transition in one’s life. The moment you welcome your little bundle of joy into your life, your responsibilities increase and so, also increases your expenses. In addition to the moral responsibilities of providing a good upbringing to your child, you have to bear the financial responsibilities as well. Raising kids is an expensive affair today. The expenses related to their education, lifestyle, wedding, etc. are very high nowadays. In such a situation, it is quite necessary to have a term insurance plan to ensure the security of your children’s future in case of occurrence of an unprecedented incident. Bad time in life never comes with prior notice and you should ensure that your loved ones, dependents are financially secured in your absence. What is Term Insurance Plan? Term Insurance plan is a life insurance policy which helps in providing comprehensive financial cover