There are various stages in our adult lives. At every stage the responsibilities are different, and so are the insurance needs. At every stage one must evaluate these needs to ensure that financial needs of his loved ones can be met in case of any unfortunate incident. |
Currently you are in the first stage where no one really depends on you financially. Therefore, you dont really need life insurance. The main reason for advocating insurance at this stage will be that since you are young the rates will be low. |
However, if you have dependant parents, then it is important for you consider life insurance. Depending on your needs, choose the policy that suits you the most. |