A term plan is a life insurance policy that offers financial coverage to your family in case of your untimely death during the policy term.
Why Buy It Early?
- Lower Premiums: The younger you are, the cheaper the premium.
- Better Coverage: Get higher coverage at minimal cost.
- Financial Security: Provides peace of mind that your family’s needs are covered.
- Tax Benefits: Premiums qualify for tax deductions under Section 80C.
💡 Pro Tip: Always disclose accurate health information to avoid claim rejection.