Does Any Insurance Compensate For Loss Of Income?
Suppose a person has a home loan on him of about 25 lakh rupees. And due to some NON-medical event, the person loses his employment & unfortunately is unemployed for more than a year.
Does any insurance policy compensate for his loss of income while he is alive and not disabled? Can decreasing term insurance help here? Or are there any other investment or insurance options to protect yourself from such a future problem? Does LIC help any way?