He is set to marry in a couple of months and wants to buy a term plan and health insurance for himself. While Ishan would have preferred a life cover with a health insurance rider, such plans are not available. In terms of sheer probability of occurrence, health insurance makes more sense. A plain vanilla term insurance plan is likely to be a lot cheaper than whole life ones. This could help ease some of his burden.It is clear that for Ishan, life insurance ranks high on financial impact, while health insurance does so on probability of occurrence.

Source: Economic Times October 24, 2016 00:56 UTC