You may think that life insurance is not important for you and that your savings and investments alone will take care of your family's future requirements. But just consider this: if you fill up Eden Gardens stadium with 60,000 people, around 420 of them will die in this year alone. Of this, some 130 people would be in the age group of 15-60 years. Now, what will happen if you are one of those unlucky ones? Who would take care of your aged parents or your spouse and children in your absence?
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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