What kind of insurance policies are there for a person who has no dependants?
Basic purpose of life insurance is to provide a financial security for the dependents
I am single and have no dependants. What kind of life insurance would you suggest for a person like me?
Savitri Kumar, Bengaluru
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 policyholder. 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 basic health insurance policy.