New Delhi, June 20 -- Financial planning now is a broader concept. It can no longer be associated only with the idea of growing wealth or earning a lot of money. This is because protecting this wealth and individual well-being is equally important to ensure holistic economic planning and long-term prosperity.

Rising living costs and escalating health care expenses underscore the vital importance of life insurance, which can help families today navigate the unpredictability and uncertainties of day-to-day living.

When a proper life insurance policy is planned and availed, it can serve as a financial buffer, i.e., a protective cover that can support dependents, in the event of an unforeseen happening. Such a protective cover helps ensure ...