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Praveena J
Stay Hungry, Stay Fo... • 1y
Guys everybody knows that insurances ( health, life and retirement) covers will cover the money for the covers only, but nobody gives the fixed expenses of his family, which is emergency funds, which i think most of the people doesn't know about. May be recently due to the stock markets, mutual funds and investment penetrations in India, certain percentage of people might be having/building their emergency funds, but what if due to their health failures, they may take more than few months to again start earning. Also, the percentage of people who are building emergency funds are very less compared to the total working people in India. So, this might be a market gap for the insurtech companies to provide the insurance+ fixed expenses of the person's family by charging them more premiums. As we know, all the insurance companies sell the fears not insurances, this might also become a separate category of insurance. I know there are pension schemes and other also, But tell me your POV :).
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