Your family would have had a proper lifestyle set which, with time, becomes your comfort zone. This lifestyle, in one way or other, is linked to the income of the breadwinner. And this lifestyle includes home loans, annual school fees of children, day to day living expenses and other monthly commitments.
In the absence of the insured, or in case of his/her unfortunate death, the family is left with no direction of how to manage things financially. With this in mind, income replacement plans have been put in action to take care of the family and its needs.