Important Types of Insurance for the Metropolitan Indian
Living in a metropolitan city of India, you need to know the important types of insurance policies that you must have. Higher rates of crime and violence, higher prevalence of psychological stressors, polluted air leading to chronic diseases, the number of automobiles and thefts etc. increases the need for insurances.
Let us understand the need of each insurance type
- Life insurance:
Nothing is more important than your life. Life insurance is an agreement that offers financial remittance in the case of a death or disability of the policyholder.
- For Family: Nobody is immortal. Life insurance policy for you and your family secures your family financially and are secured even in your absence. A certain gap is bridged in your absence in the family when they are helpless. Child’s education, marriages and much more can be done with the compensation amount that they get.
- For Pensioners: After
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