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Why Insurance Is Necessary In India?
#1
insurance ensures that families are financially protected in the event of the policyholder's untimely demise. Investment plans offer the dual benefit of wealth creation and insurance coverage, helping individuals achieve their financial goals. Term insurance , with its affordable premiums, provides substantial coverage for a specified period, ensuring financial stability for dependents.
Retirement plans are essential for a secure and independent post-retirement life, offering a steady income stream. Child insurance plans help parents build a corpus for their child's future education and marriage expenses. Car insurance is mandatory, protecting vehicle owners from financial losses due to accidents, theft or damage. Shop insurance protects business owners from unforeseen events such as fire, theft, or natural calamities, ensuring business continuity. Marine insurance covers goods in transit, protecting against losses during shipping. Overall, insurance is indispensable in safeguarding against life's uncertainties in India.
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