For example, Covid highlighted the unexpectedness and uncertainty of life. Many people became more aware of the risks associated with the possibility of losing their health and life, which brought to necessity of considering life insurance.
The unprecedented nature of the pandemic also focused attention on the issue of providing financial security for families in case of loss of a primary breadwinner. People began to think about how to ensure financial stability for their family members in case of accident.
Besides, the illness emphasized the importance of taking care of your health and health of your loved ones. Life insurance started to be seen as a means of providing financial support in the event of illness or life loss.
Some insurance companies introduced new products or adapted existing ones to reflect current realities. For example, the products that cover loss of income due to quarantine or illness have appeared.
Photos are from open sources.
