India witnessed the second wave of COVID-19 in April 2021, which was more virulent than its first one. During this time, India became the third country after the USA and Brazil to witness the highest number of deaths because of COVID-19. Also in May 2021, the death rate crossed the mark of 300,000. As uncertainties loom ahead, pandemic experts are expecting an imminent third wave. In such situations, the importance of term life insurance that covers death due to COVID-19 cannot be ignored.Read more
Well, the answer to this question is ‘today’. Yes, term insurance is need of the hour. The current situation has once again brought back the panic and anxiety among all. People are keen to opt for a robust financial plan. A plan that can shield one’s financial liabilities in case he/she is not around loved ones or family members. An insurance plan that can provide mental satisfaction to an individual that his/her family will not have to suffer financial crises in case of any unfortunate circumstance.
The best solution to deal with such situations is a life insurance policy that offers pure protection, and that is Term Plan.
There are so many reasons for buying a term insurance plan, and some of these are:
However, before buying a term insurance plan, one must consider the following factors:
The second wave of COVID-19 was hitting people of almost all age groups. Moreover, it was observed that the younger people were also getting seriously affected. This makes us realize that buying a term insurance plan for people of all age groups is important. So, before buying a term insurance plan, one must consider the following factors:
Learning from the past is all that is needed in this current time of the pandemic. The second wave of coronavirus has taught us to be prepared for the worst by staying positive. Therefore, the experts suggest buying a term insurance policy, especially for those who are the sole breadwinners of their family.
None of us can predict our future, and in such an unpredictable time, term insurance is the best protection that one can give to his/her loved ones. A term insurance plan with an adequate sum assured can provide financial support to one’s family in adverse situations that the current pandemic or other unfortunate events may lead to.
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