What kind of insurance would you suggest for a person with no dependants?
Basic purpose of life insurance is to provide a financial security for the dependents of the insured
I am single and have no dependants. What kind of life insurance would you suggest for a person like me?
Radha Mohan Reddy, Guntur
The basic purpose of life insurance is to provide a financial security for the dependents of the insured, in case of the death of the policy holder. In case you are single and do not have any dependents you should rather go for a personal accident policy with all benefits including temporary total disablement and a health insurance policy. These policies are marketed by General Insurance companies and provide financial assistance at the time of need during the life time of the policyholder.