We all care about our family and wish to ensure their financial security in the best possible way. A life insurance policy is an ideal way to secure our family’s future, if we’re suddenly not around to fulfill our responsibilities towards them. Millions of people buy life insurance policy every year in India for reasons such as ensuring family security, availing tax benefits, savings, etc. If you’re the sole bread winner of the family then your untimely demise can cause financial distress. But, having a suitable life insurance policy helps your family to clear off your existing debts or loans, if any, medical expenses, unforeseen contingencies, etc. so that it does not cause any financial burden on them. Thus, life insurance policy becomes a financial backbone to fulfill the financial needs of your family members in your absence.