The Advantages and Disadvantages of Life Insurance – Detailed Analysis
India is one of the countries with the highest population yet stands in the bottom in terms of insurance penetration. Many people in India think insurance as an expense and tend to ignore the basic fact that insurance is to be considered as investment. We think of insurance only at the time of mishap or accident as we have to pay the bill from our pocket.
One of the best ways to overcome the uncertainties in life and ensure that you and your loved ones are protected financially at the time of adversity is to invest in good life insurance. Apart from providing protection and financial security to your loved ones there are many other benefits offered by the life insurance, which are discussed below: