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Praveena J

Stealth • 7m

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 :).

5 replies5 likes

Replies (5)

Praveena J

Stealth • 7m

Guys, it's like providing the fixed expenses of the person's family for a certain period of time, it may be few months to a year or two,the premiums will definitely become more costly whenever the person chooses the longer time duration of expense recieving. The person can decide which one they want.

0 replies

Anonymous 2

Stealth • 7m

No company would fund such individuals. The default rate would be too high.

1 replies

Anonymous 1

Stealth • 7m

There's no solution to it. If you lend people emergency funds, its basically loan which they will pay with interest

1 replies

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