Insurance: A Must-Have When You Are A 20-Something

Individuals in their twenties are a level above the carefree teenage years and mature enough to take on responsibilities, one at a time. They have landed their first job or probably made a couple of switches and have already started thinking about their dream vacation, latest automobile or a house in the later years. In the rush to tick all the boxes, what often goes missing is planning the finances responsibly irrespective of the limited savings. It is therefore critical to take the first step and choose the right places to invest the money, and insurance is one such product that becomes an unavoidable investment. The pandemic shone a light on the dire need to safeguard oneself and get adequate life cover for the dependents against any unforeseen event. A study by the International Journal of Commerce and Management Research states that individuals below the age of 30 years prefer...