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Explain the concept of life insurance

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Reference no: EM132502137

Jatin has recently started working with a renowned MNC after passing out of a premier BSchool. A senior colleague has suggested him to take a life insurance policy. However, Jatin is not convinced with the idea of taking a life insurance policy and is unaware of the various life insurance products which are available in the market. As a friend of Jatin You need to make Jatin understand the following:

a. Explain the concept of life insurance to Mr. Jatin and highlight the importance of a having life insurance policy (Answer of above should not be more than 500 wrds)

b. Help Jatin in explaining the various types of life insurance policies which are available in the market. (Answer of above should not be more than 500 wrds)

Reference no: EM132502137

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