Some people don’t buy life insurance or even if they have it, they are underinsured. When it comes to health insurance, they rely on the employer’s health insurance which may be inadequate. The Covid-19 pandemic has definitely taught us the importance of health insurance. Many of those who got infected and survived had to pay hospital bills running into lakhs wiping out their savings or worse, leaving them in debts.
So, here’s how you can fix it -
Buy a term life insurance policy for all bread-winners in the family. The amount should be adequate enough to take care of your family’s financial requirements in the event of your untimely demise. You should also buy a family floater health insurance plan for all family members.
- Life Insurance
- Health Insurance