Investors always worry about the next major market correction and what could trigger it. While we often contemplate risks tied to specific events that could lead to a significant market downturn, the truth is that the events capable of causing such a correction are largely unknown. The worldwide crisis and the aftermath of covid-19 pandemic was surely never on the radar. The rationale for this: it was a low-probability event with high short-term impact. Conversely, the much-anticipated risks are usually high-probability events with lower impact.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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