Individuals can draw major benefits from our Individual Life Insurance plan like life protection, tax saving, affordable premiums, and many more. Even before investing for your family, it becomes necessary to secure your individual self.
As young professionals, you are just starting your career and this is prime of your life. Many of you are not yet married and have no financial dependents. However, this is likely to change in the future as you get married or support your parents/relatives. You should buy term insurance now rather than waiting for long. This is because once a policy is purchased, the premiums stay the same throughout the person’s life. On the other hand, waiting to buy term insurance in the future can force customers to pay higher premiums because term insurance premiums increase with age.