A buying life insurance policy is a vital instrument for protecting a family's finances in the event of a disaster. As a result, it is essential to be appropriately insured and to keep the family informed.

When a businessman died unexpectedly from a heart attack, his family was left with massive outstanding debts that he had taken out. They had no option but to sell their houses in order to pay off their bills. Sachin Kumar had a Rs 1 crore life insurance policy that would have covered all of his responsibilities, but his family was unaware of it since he had never notified them about the purchase.