Home   >>    Investment   >>    Home

Should I buy a life insurance policy even if my employer has insured me in a group insurance scheme?

It is always prudent to buy an individual life insurance policy.

04 Dec 2008

It is always prudent to buy an individual life insurance policy because:

  • The amount of insurance you are covered for may not be a very large sum
  • If your employer decides on cost-cutting, you may no longer be insured
  • If you decide to leave your employer, you may no longer be covered
  • The older you are when you buy insurance the higher is the premium