Those who have it, rarely bother to top-up their cover, thus allowing time to render their initial cover insignificant.
As it is, Life Insurance penetration in India is dismally low at less than 5% and what is more disappointing is that more than half among those, are under-insured. A primary reason for underinsurance among the few that have Life Insurance is the Indian obsession with deriving returns for any money expended. Many just cannot reconcile to the fact that after their term of Life Cover ends at a specified age, they will not get any pecuniary benefit or returns for the premium paid.
Bu hikaye The New Indian Express dergisinin October 28, 2024 sayısından alınmıştır.
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Bu hikaye The New Indian Express dergisinin October 28, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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