In the event of your demise during the policy term, life insurance pays .
Thus, it is more than worth to take time off to understand clearly why life insurance is so important and how much protected your family is and what is better than International Insurance Awareness Day (June 28) to evaluate your insurance needs.
When it comes to understanding ‘how protected your family is?’ you first need to evaluate your ‘Protection Quotient.’
What is Your Protection Quotient?
The ‘Protection Quotient’ is the degree to which you feel protected on a scale of 0 to 100. It measures your level of preparedness, awareness, preference, and ownership of life insurance plans.
To help you understand your protection quotient, Axis Max Life Insurance has launched a unique tool called ‘My Protection Quotient (MyPQ). MyPQ aims to gauge your preparedness for your life goals and protection against unexpected eventualities of life. So, on this National Insurance Awareness Day, use this tool to analyze your protection quotient and know where you stand.
The results of the final output of your quotient can be read as follows:
| Score | Indicating |
| 0-25 | Extremely poor financial protection |
| 25-50 | Poor financial protection |
| 50-75 | Moderate financial protection |
| 75-100 | Reasonable financial protection |
