He had paid two premiums of Rs 2834 each till the time of his unfortunate death. However, he was smart enough to realise the possibility of such an event happening. And his planning saved his family from the financial trauma that they could have suffered had Sandeep not taken this policy. Rs 80,000 as accident benefit. Raising a loan creates a further liability on him adding to this strain.
Insurance is seen as an additional burden which is best avoided.
However, what happened with Sandeep could happen with anyone. One should therefore not postpone or delay this decision to a later day. The premium should be seen as the charge which is going to take care of all his family needs in the unfortunate event of his death.