What is Term Insurance?
Term insurance is the purest form of life insurance. Pay a small premium; if you die during the term, your family gets a large payout. No maturity benefit.
Why It is Essential
For a 30-year-old, ₹1 crore cover costs only ₹700-1,200/month. Small premium, massive security.
How Much Cover?
Rule of thumb: 10-15 times annual income. Use our HLV Calculator for a personalized estimate.
Common Mistakes
❌ Buying endowment plans for protection ❌ Only ₹5-10 lakh cover ❌ Not disclosing medical history ❌ Delaying purchase
Educational content. We do not recommend specific products.