Health
Health Insurance vs. Life Insurance: Which One Do You Need?
Sneha, a 24-year-old digital marketer, has just got her first big project. While she was discussing her success, a friend casually asked, “ Do you have life insurance?’’, Sneha replied, saying, “ I have health insurance, but I don’t see the need for life insurance as I don’t have any dependents.’’ But this conversation lingered in her thoughts and kept her wondering – is there a need for both health and life insurance?
Like Sneha, many young earners may not realise the necessity of both health and life insurance. Understanding the key differences, benefits, and the necessity of having this insurance at various phases of life can help you make a more informed decision.