Should we take personal Health & Term Insurance along with already provided group insurance by companies?

I have taken both paying premium (Approx 60k yearly for family for health and term insurance) since last 8 years but thinking to drop the personal insurance.

Any thoughts and suggestions?

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Always have a personal term plan insurance and health insurance. God forbid, what if you end up losing your job and pass away or end up hospitalized. It will have a huge impact on your family. The company insurance works only when you are employed there. So always have both term and health insurance. And it costs really less IMO for insurance if you start at an early age.

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