Term Plan - More than Just a Tax-Saving Tool!

Tanay is a strong and carefree young man. He’s a great boss, a wonderful friend and most importantly, a doting son. Whenever he’s out having lunch with his colleagues, he’s always jolly and enjoying life to the fullest. He’s witty and is always there to help others when they need it.
Looking at Tanay today, nobody would realize that his life wasn’t always quite so happy. Tanay lost his father when he was just 11 years old, but his mother never let him feel like he only had one parent. She worked hard to ensure Tanay had the opportunity to attend every class he wanted to he learned how to play the piano, played hockey for the school and excelled in academics. Despite the fact that she had to work extra hours almost every day, Tanay’s mother made it to every game he played, every parent-teacher meeting in school and every annual day function. He’s thankful that his mother always took care of him all this while but now it’s his turn to step up and look after her.

Tanay may not show it today, but life’s uncertainties always scared him. After he lost his father in an accident, he knew that nothing was guaranteed, which is why he decided to work hard and achieve all his dreams. Even today, Tanay knows that life is unpredictable and so he decided to purchase a term plan, as it’s the only stable thing he can definitely count on. Tanay pays a small premium every year for his policy, but the cost is definitely worth the peace of mind it provides him. One of the reasons Tanay is always so happy and upbeat is because he knows that there’s a term plan that will secure his mother’s financial future should anything happen to him. With this policy, Tanay knows that he will always be there to support his mother in the same way, she was always there for him while he was growing up.

Your story may not be similar to Tanay, but a term plan is something that each and every one of us needs in our lives. It’s the security blanket that provides us and our family members with some financial flexibility during incredibly trying times. Many of us overlook term insurance as an income tax-saving tool but it is so much more than that. It’s a reliable partner that can help you and your family through life.
If you’re ready to live life to the fullest and secure your family’s future, go for a term plan today.

Swati Tumar - Travel & Finance Writer   

Swati is a Writer in the day and an illustrator at night. Among her interests, she is quite fond of art and all things creative. She often indulges herself in creating doodles, illustrations, and other forms of content. She identifies herself as an avid traveler and shameless foodie.