Term Insurance is a matter of necessity, rather than choice

By Neeraj Gupta, CEO, Policybazaar.ae

Most of the time, life throws up nasty surprises and things don’t go as we had planned. The last two years have shown us that being laid-back or living in denial can prove to be tragic when misfortune strikes. While Covid has changed the perception of an average person about buying term insurance, there are several who still live with the misconception that they don’t need a term plan. Some feel it as a burden on their pockets while, others feel they are young and healthy. Unforeseen events spares none, people must soon change their mindset. A Term insurance plan can shield both your future as well as your family’s well being from risks posed by your sudden death, disease, or disability.