What if you buy a term plan in your 20s rather than in your 30s?
(this is assuming that you have dependent family members).
Here's how you can benefit by buying the term cover early:
➡️ Super-Low Premium
Buying the same 1 Cr term cover at age 25 will cost you lower premiums than at age 35.
➡️ Tax Saver Benefits
Section 80C allows you to save on your taxes by decreasing your taxable income with the amount of premiums paid.
Why not save taxes early in your career?
And of course, the primary intention of insurance is to cover the financial risk.
The earlier you do this for your family, the better it is.
Do you already have it or no?