Why 50 Percent Insurance Policies Lapse Within 5 Years in India
Nearly 50 percent of insurance policies in India lapse within the first five years, leaving families unprotected and causing loss of hard earned money. This happens mainly due to poor understanding of policies wrong selling practices affordability issues and lack of regular support. When insurance is bought without proper planning or long term commitment, people slowly stop paying premiums. Understanding the real reasons behind policy lapses can help individuals make better insurance decisions and avoid costly mistakes in the future







