In the last few years, a term insurance plan has gained popularity and is a preferred choice of the individuals.
In these tough times of the global pandemic, we have realized that anything can happen at any point in time. And surely uncertainties do not come with prior notice. Therefore, the family must be secured specifically in terms of finances.
Imagine the loss of an individual who was the only breadwinner of the family. How tough it would be for the family to cope up? The loss of an earning member of the family is not only disheartening emotionally or mentally but on a larger picture is more challenging financially.
*Tax benefit is subject to changes in tax laws. *Standard T&C Apply
** Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines
Therefore, considering the time we are living in today, better late than never and buy the term insurance policy. You can use the term insurance premium calculator online that will enable you to calculate the coverage sum necessary as per the requirement.
A term plan offers death benefit when the policyholder passes away during the term plan. In case you are looking forward to a plan that provides financial stability and security to your family members even if tomorrow you are not there buy a term insurance plan.
Now, that you are done with pursuing your education and have also bagged your first job! Well, this is one feeling, which cannot be described in words.
The feeling of finally becoming financially independent and using your hard-earned money to achieve and accomplish all your big dreams. It is rightly said until one starts earning a livelihood, one understands the value of money even more.
Your first salary and your unending plans, the plans can go and on, however, why not buy term insurance plan?
Sounds unusual right? But on a long-term perspective, this could be the best and the smartest thing to do and achieve the financial objectives.
Listed below are some reasons that would make you understand to buy term insurance plan with the first salary:
Invest in the best term insurance policy with your first salary. Why not invest in something so that one day you can pat yourself on the back? Buy a term insurance plan and it will give you a sense of satisfaction wherein you need not worry about the financial future of the family.
Extra security probably won't be an instinctual buy with your first salary; however, these convincing reasons may persuade you that it might be a beneficial one. Buy a term insurance plan as early as possible, pay lower term insurance premiums and enjoy the tax benefits while additionally guaranteeing that your family's life objectives are met. For quite a long time to come, you'll affectionately recollect the critical thing you did with a piece of your first salary!