When you’re in your 20s or early 30s, insurance is probably the last thing on your mind.
But guess what? That’s exactly when you should buy it.

Let’s break down why buying term insurance early is one of the smartest financial decisions you can make.

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🧠 What Is Term Insurance?

Term Insurance is a simple, no-frills life insurance plan. You pay a small yearly premium, and your nominee gets a large payout (sum assured) if something happens to you during the policy period.

✅ Pure protection (no investment fluff)
✅ Cheapest form of life insurance
✅ Ideal for young earners and families

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💸 Why Buy Term Insurance Early?

1. Lower Premiums

The younger and healthier you are, the lower the cost.

Age	Premium for ₹1 Crore (per year)
25	₹5,000 – ₹6,000
35	₹9,000 – ₹12,000
45	₹20,000+

🚨 Delay = Higher cost (and higher rejection risk)

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2. Lock In Premiums for Life

If you buy at 25, you’ll pay that same low premium for the next 30–40 years — even if your health worsens later.

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3. Peace of Mind for Your Family

It’s a backup plan for your loved ones in case of unforeseen events.
If you’re the main income earner, this is a must.

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4. Covers Critical Illness (Add-ons Available)

You can add riders for cancer, heart disease, and other emergencies — giving more value.

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5. Tax Benefits

Under Section 80C of the Income Tax Act, premiums are tax-deductible (up to ₹1.5L/year).

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📦 How to Choose the Right Term Plan in India

✅ Coverage: 15–20x your annual income
✅ Tenure: Until age 60–70
✅ Claim Settlement Ratio: Choose trusted insurers (HDFC Life, LIC, ICICI, Max Life, Tata AIA)
✅ Riders: Add critical illness or accidental cover if needed
✅ Buy Online: Cheaper than offline agents

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🧭 When Should You Buy Term Insurance?

✅ As soon as you start earning.
Don’t wait till marriage, kids, or old age.

The earlier you buy, the more money you save — and the longer your family stays protected.

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🔁 Related Posts:

• Top 7 Money Mistakes to Avoid in Your 20s
• Emergency Fund 101: Why Every Indian Needs One
• How to Start Saving with Just ₹500 a Month

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Protect your family. Lock your premium. Buy early.
Because life is uncertain — but your planning shouldn’t be.

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