Friday, 15 January 2021

INSURANCE CASE STUDY

 Manoj was a young sales manager in an FMCG MNC in Mumbai taking home a handsome salary. A bachelor, he maintained a high lifestyle and spent all the money he earned without a thought of saving. Among his acquaintances there was a highly successful LIC agent Mr. Jogender Singh who had been chasing him to book him for a policy and every time he raised the matter, Manoj always good-humouredly brushed him aside saying “I don’t need insurance because I have no dependants”. There was nothing Jogender Singh could do to prevail upon Manoj to insure himself.


1. Do you agree with the view that a bachelor without dependants needs no insurance?

2. If you feel that he needs insurance, state reasons in support of your view.


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