Your 20s and 30s are predominantly the years when major life changes take place. Most people tend to get married, have children, buy their own house and find their career take on an upward trajectory in this period of time. The financial decisions that they make during this time have the ability to help them secure their future.
Most people make use of this span of time to invest and grow their wealth. However, you should grab this window of opportunity not only to grow your wealth, but also to protect it. You can do so by investing in a term insurance plan, one of the purest and most traditional forms of insurance.
Today, you can purchase online term plans with just the click of a button. Canara HSBC offers the iSelect Term Plan which is an online term insurance plan that provides comprehensive life cover to you and your loved ones. The plan also offers enhanced coverage with its accidental death and disability riders. You can choose from a number of payout options, ranging from the lump sum to the monthly income options.
With enhanced coverage available at nominal premiums, you should opt for term insurance plans as early as possible.
Also Read - 5 Year Term Insurance Plan
A term plan is one of the simplest life insurance policies available and it is crucial for individuals to purchase it sooner in their careers. The sooner their purchase the same, the sooner they can reap benefits such as comprehensive protection, tax savings and economic premiums.
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