Business Standard

Why you need life insurance and what cover you need when single or married

It is ideal to purchase life insurance as soon as you become financially independent

Pankaj Razdan
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Pankaj Razdan

Pankaj Razdan
I am 25 and have just started earning. People are asking me to purchase a life insurance. I am healthy, unmarried and do not have any liability. Does it make any sense for me to purchase life insurance? Wouldn’t it be better if I purchase it after my marriage?

It is always prudent to purchase life insurance early. While many factors influence life insurance premiums, age is one of the most critical components. It is ideal to purchase life insurance as soon as you become financially independent and can afford to pay the premiums. Ironically, most people only start thinking about

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