Are you working and have dependents ? Do you have housing loan ? Do you have any other liablitity like vehicle loan, personal loan, business loan etc etc. If you meet with an accident and die today what will be fate of your loved ones ? How will they survive ? How will they lead good life ? How will they repay your loans ? How the education of your children will be met ? Death does not knock your door and gives invitation to die, so you should be prepared for all those eventualities.
The answer to all this is you should have Term Life Insurance.
You can purchase it online where the premium is very very less. As a rule of thumb you must be insured upto 10 times your gross yearly income. But you should have proper income proof, ID and Address Proof, Bank Statement and should be medically fit.
If you are not having Term Life Insurance, kindly go and get one.
