Prices Increasing soon Prices Increasing Soon

My First Salary!! What Next?

The contentment achieved on receiving the first salary is unrivaled and damn hard to express. After completing years of education and hard-work, you finally have a job which offers you the ripe fruit in return of the seeds you had been sowing in form of your dedication for past 20 years. Boosting your self-confidence and opening gates of development, your first job sounds like the best thing that happened in your life. Heading to a better lifestyle it is obvious and justified that exhilarating feelings will be following your path.

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
rating
58.9 Million
Registered Consumer
51
Insurance Partners
26.4 Million
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
+91
Secure
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

You surely stand on cloud nine when you receive your first salary cheque irrespective of the amount. And, with this amazing beginning comes the responsibility to build a prosperous life. Palaces are not constructed in a day but with a regular addition of bricks you can construct any great structure. Now you need to analyze various parameters and decide on how to go about with the utilization of money you received after working so hard.

Financial Planning – Now that you have entered the world of self-dependents, it is time to stay prepared for facing numerous situations like getting locked in debt trap or loss of huge funds. The delight of having money in your hand will surely splurge you in some unplanned shopping which might sound exciting now, but worthless in the long run. The time requires you to monitor your expenses for smart savings and progressive future. You need to set some target and follow them religiously to have a happening today and a secured tomorrow.

Combating Contingency- Emergencies can knock at your door without sending any prior notification, thus it is necessary to have a secured lifestyle for which it is advised to purchase term plan and health insurance policy, irrespective of the fact that your employer might have just offered you such a policy. Accidental death benefit and critical illness plans are few riders which you should opt for in order to provide your dependents a feeling of independency in your absences. Investing at a young age can keep you away from financial burden because the premium paid at this age is quite low.  

Time to Invest – At this age you should go for different kinds of investment options as risk taking easily gets a place in your priority list. It might be sounding too early, but planning for your retirement funds can turn out to be a great step towards investment later on.EPF, SIP,ULIPs are few of the great avenues of investment and multiply your money into a giant money house.

Without having a second thought towards financial nirvana, most of us might have spent our salary thinking the amount is too less or it’s too early to start-up with anything. We must never get deviated from the real goal of our life to experience a happy tomorrow.  

Note: Know what is term life policy first and then buy a term plan for your loved ones.

Note: It is suggested to calculate the term plan premium on the term plan calculator online tool by Policybazaar before buying.

Note: Check out the best term insurance policy in India and choose one that suits your requirements.

Note: You should also check the benefits of term insurance if you are planning to purchase the term insurance plan.


Premium By Age

Life Insurance Articles

  • Recent Article
  • Popular Articles
24 Apr 2024

Most Common Life Insurance Frauds in India

Life insurance fraud is a financial crime that can be committed

Read more
09 Aug 2023

What High Net Worth Individuals (HNIs) Do To...

High net worth individuals often opt for life insurance plans to

Read more
28 Jun 2023

A Review Of ICICI Prudential Life Insurance

“Policy Bazaar insurance clarified the term policy for me, so

Read more
27 Jun 2023

A Review Of HDFC Life Insurance

“I recently bought an HDFC term plan and it is the best

Read more
20 Jun 2023

Best Life Insurance Policy in India with High...

The best life insurance policy in India is a type of life

Read more

Life Insurance for Parents in India

With the increase in the average life expectancy rate, the older population in India is on the rise. Most of the

Read more

Life Insurance for NRI

Going beyond geographical boundaries to study or pursue a career abroad is a common aspiration for many

Read more

Life Insurance Quotes

Life insurance quotes are the approximate premium rates for the specific life insurance policy. It helps you

Read more

Canara Guaranteed Fortune Plan

Canara HSBC life insurance company introduces a guaranteed fortune plan that provides assured benefits to life

Read more

Life Insurance For Women

Consistently, the role of woman in the family and the business world has changed a considerable amount

Read more
Need Help? Request Callback
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL