India, June 20 -- Working capital is considered to be the backbone of any business. It provides the essential liquidity that is needed to keep the business running smoothly. Business owners use working capital to finance short- and long-term obligations. It acts as a buffer during seasonal fluctuations and unexpected challenges.

So, one could say that working capital and term insurance plans are similar. Many business owners may disagree with this opinion. However, just as with working capital, term insurance plans act as the buffer during financial crisis. One keeps the business running and the other ensures that your family is financially secure.

Business owners often move conversations about financial obligations within their busines...