Despite traditionally having one of the lowest divorce rates in the world, currently estimated at around 1.1%, India has seen a steady increase in divorce cases in recent years. This trend is attributed to the growing complexities of modern life, as noted in a report by the United Nations.
Divorce is a challenging journey, especially when children are involved. Amidst the emotional and logistical whirlwind, it is quite common to overlook some of the important aspects and one of which is the insurance policies. Yet, reviewing and updating the child’s insurance policies post the couple’s divorce is highly significant.
