Why you should buy a term insurance plan if you head a young family

  • 22 DEC 2016

    Young Families Need Term Insurance

    If you are the head of a young family, meaning one where you've just become parents after a few years of your marriage and are in your late twenties or early thirties, you perhaps need to start planning for the future. This is the time when, if you can get your act right, your future would be reassuring. Towards this end, you would do well to buy a term life insurance plan. There are enough reasons for you to do so.

    1. Because you have debts

    The primary reason why young families opt for term insurance is debts. If you have a home and a credit card, you are bound to rake up monthly instalments. If anything were to happen to you, who would ensure that these are being regularly paid for.? For this, you need to have a term insurance plan in place.

    1. Because you are beginning to plan for the future

    Since you are starting to plan for your future as a family, you may want to ensure that your plans don't go astray because of a bolt from the blue. Your untimely demise could put paid to all the plans that you may have made for your family. To ensure that your family's plans don't go awry, its better to insure your life with a term plan.

    1. The younger, the cheaper

    It makes for good economics. The younger you are, the better are your chances of getting a good and cheaper deal on your term insurance. Its affordable to buy term insurance at a younger age and hence, it is better to buy it as soon as possible. Generate a quote to find out how much it would cost to buy a term insurance for yourself.

    1. Easy to understand

    Term insurance policies are the easiest to understand among all life insurance policies. It offers coverage fr a fixed period of time and in the event of your untimely demise, your family would get a fixed sum. There are no interest calculations or maturity benefits for you to delve into and make sense of.

    1. You may want to get into something of your own soon

    If you are in a state of mind where you want to start a business of your own, it is almost imperative that you protect your family today with a term insurance plan. Once you quit your full-time job, it may be difficult for you to get a term life insurance at an inexpensive rates because of your financial health. It's better that you lock-in a cheaper rate for your term life insurance today.

     

    • Leave a Reply
  • 28 JAN. 2017

    Best Life Insurer 2016

    Edelweiss Tokio Life Insurance, one of the youngest companies in the Indian Life Insurance space, has been conferred the Winner - Best Life Insurer 2016, at the ...

    read more

request a call back

for a scheduled call back, please share:

contact us

branch locator

Please enter your mobile number

enter your contact details

anything amissshare your problem

file a complaint now

what did you find amiss?

please provide us with following information

file a complaint

check status here:

Product
mascot
mascot

Don’t wait. Complete your application by entering your transaction id.

mascot

Please enter your email address to get an email summary of your needs

mascot

By entering my contact details I authorize Edelweiss Tokio Life Insurance to Call or SMS me with reference to this enquiry. This overrides the DND registration of TRAI.
  • 15k 50L
quote for edelweiss tokio life - wealth builder
7,00,000 sum assured
5,51,910 maturity benefit
  • 15k 50L
quote for edelweiss tokio life - Gcap
7,00,000 sum assured
5,51,910 maturity benefit
  • 5L 1Cr
  • 5yr 30yr
quote for criticare +
rs2753 annual premium
  • 25K 50L
  • 2.5L 6.25L
quote for wealth accumulation
rs14154326
maturity benefit (4%) edit
  • 25L 10Cr
quote for mylife+
rs5,403 annual premium
life cover : 1 crore
critical illness cover : 10 lacs
policy term :
premium paying term : regular

life cover

protection at affordable rates

life & basic health cover

term plan with protection aganist 7 critical illnesses

life & comprehensive health cover

recommended term plan with protection aganist 35 critical illnesses

* annual premium inclusive of taxes

schedule a call

please provide us with following information