It would be the decision of family or individual depends on the knowledge that you and your family member possess on insurance.
Step-by-step explanation:
It is always recommend to take insurance for both individual and family but the decision making purely depends on the knowledge and awareness towards the insurance of your family members.
Pointers to check:
- How much premium is to be paid?
- What is the total income of the family?
- What about the number of dependents and their health condition?
- What is the benefit from the type of insurance?
- Why should I go for this policy?
- What are all the terms and conditions?
If these conditions are clearly answered by self-analysis then you / you along with your family members can decide.