The second wave of the Coronavirus pandemic has been wreaking havoc across the country. The number of daily reported cases hit a record high of over four lakh infections during the first week of May. This took the total number of infections until now to around 22 million, second only to the US. Meanwhile, almost 2.5 lakh people have died in the country due to the deadly virus, many of them being the breadwinners of the family. If this does not highlight the importance of having a sound life insurance policy to protect your family in your absence, nothing will. It is best advised to buy term life insurance at the earliest since if you get infected with Covid-19, insurers may implement certain terms and conditions on purchase of term plan.