What is divorce insurance and why is it necessary in India

A North Carolina insurance company called Safeguard Guaranty Corp. introduced the idea of divorce insurance in 2010.

Divorce insurance, which is available in units, has a coverage limit of $1250 and costs US$ 15.99 per unit.

Each year, the policyholder receives additional coverage from Safeguard Company worth $250 per unit.

The insurance company pays the lump sum value of the policy, which the policyholder can use for divorce-related costs.

India also needs divorce insurance to give the spouses financial support in the event of a divorce.

Divorce insurance come out as panacea to spouses for divorce related financial burden.

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