Common Insurance Myths — Busted!

Myth: Only old people need life insurance.

Fact: The younger you are, the cheaper your premiums. Starting early offers better value and long-term security.

Myth: Single people don’t need life insurance.

Fact: Life insurance can help cover loans, debts, or financially support aging parents or siblings.

Myth: My company health plan is enough.

Fact: Employer plans may not cover all needs or continue if you change jobs. A personal health plan ensures consistent protection.

Myth: Young and healthy people don’t need health insurance.

Fact: Accidents and sudden illnesses can happen to anyone. Buying early avoids waiting periods and increases coverage over time.

Myth: Term plans are a waste of money since there's no return.

Fact: Term plans offer high coverage at low cost. It's about protection, not investment.

Myth: Only breadwinners need term insurance.

Fact: Even stay-at-home partners provide financial value and should be protected.

Myth: A basic third-party policy is enough.

Fact: Third-party insurance is mandatory but doesn’t cover damage to your own car. A comprehensive plan offers full protection.

Myth: Premiums don’t change once set.

Fact: Premiums can be affected by claims, location, car age, and even your driving record.

Myth: Travel insurance is only for international trips.

Fact: Domestic travel can also involve flight cancellations, medical issues, or baggage loss.

Myth: It’s only for health emergencies.

Fact: Travel insurance also covers lost luggage, trip delays, missed connections, and more.