Srinagar, July 10 -- Being a young parent isn't easy. Between the diaper changes, the daycare drop-offs and sneaking away for a quick coffee, you probably don't have time to sit and think about your future. But here is the thing: having kids changes everything, and you have to adapt. A major part of that adaptation is to review and update your insurance policy.

Life insurance is a financial safety net. You pay regular premiums to an insurance company, and if you pass away while the policy is active, your family gets a payout in the event of death (called a death benefit). For young parents, this isn't about you, but it's about making sure your partner, kids, or even parents aren't left struggling if you're gone. It's peace of mind that y...