Recession  

In the unexpected situation of layoff, you can manage your EMIs through some insurance coverage. A Job Loss Insurance provides financial security in these challenging times. This insurance can cover your loan interest payments leaving you less worried about the future.

"Like any start-up, we had our ups and downs, but nothing could prepare us for what happened in early 2020 when the lockdown was announced," says Chef Arvind.

The rupee opened to a decline by 42 paise to 72.08 against the US dollar. China's currency slid to its lowest point in over 11 years amid concerns over global recession and the US trade war.

The US Federal Reserve was sending strong signals that it intended to pull back on the lending rate increases made in 2018 due to concerns starting to dog the economic outlook, including the trade war with China.