Why Term Insurance is a Must for Every Young Professional

As a young professional starting your career, term insurance might seem like an unnecessary expense. However, it is the most cost-effective way to secure your family's financial future. Premiums are lowest when you buy young, you get maximum coverage at minimum cost, it provides peace of mind, covers loans and liabilities, and offers tax benefits under Section 80C. A ₹1 crore term plan costs just ₹500-700/month for a 25-year-old non-smoker.