Up to what extent people believe in life insurance?The importance of life insurance is reiterated time and again. It is said that all concerned should buy a term plan which is a low premium insurance plan which covers life only and no return etc. is envisaged in such plans. Ironically enough, as far as the benefits to the policy holder is concerned, the same lie in dying, not in surviving (please don't mind my language) though it benefits the family dependents immensely.
Many people keep on postponing buying a term plan though they invest in ULIPs etc. for attendants benefits in tax planning etc.
Up to what extent people believe in life insurance?