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Insurance Blog

Do I really need a Term Insurance

From long since, Indians see term insurance plan as a waste of money, as they dont receive any returns back from the term insurance plan if they survive till the end of the policy term. Ideally, the insured person  never receives back the returns in his hands in any case. If at all the coverage of the person expires during the policy term, its the nominee of the insured person who is going to get back the returns. The joint family system in the Indian culture never brought any requirement for insurance with Indians. But now, India and Indians are not the same as it was a few decades ago. The family systems got disintegrated and the savings with Indians got considerably reduced with increase in Loans, debt and credit cards. So, its time now for us to think about insurance so that our family is not being left with burden of loans and debts in case any unfortunate incident.


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