When Is the Right Time To Buy a Term Insurance Plan?

Life is but a dream

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…isn’t it? The uncertainly of this beautiful lie called ‘Life’ came into light since Covid-19. It brought forth the harsh reality of how nature triumphs all, and also the fact that how everything in the world came to a standstill in a moment’s time. It was astonishing to see the economy crash, families break, health depreciating every single minute, and we could do nothing about it. Within almost two years of time, every one of us has realised the importance of life and how we should seize the moment as it comes, agree?

Before 2020, I lived a carefree life and didn’t think much about my present and future. I took my health as secondary and lived my life with no aim and ambition. Fast forward to today, I have realised how important it is to plan for the future and stay ahead so that even in worse conditions, one can sail on.

The aftermath of the Corona Virus has been much depressing than we ever imagined. With the dwindling economy, people have become haywire and have been finding it difficult to come to terms with normalcy. So what is today’s time is a better way, or you could say, an optimum way to stay abreast with financial stability? I may have an answer!

ICICI has come up with a Best Term Insurance Plan that caters to individuals like us. Term Insurance is a type of life insurance that will provide coverage for a specific period of time or years. This type of life insurance gives financial protection to the nominee in case of any unfortunate incident with the policyholder during the policy term.

Why Term Insurance Plan?

It provides high life cover at lower premiums. For e.g., Premium for a ₹ 1 Crore Term Insurance cover could be as low as ₹ 441* p.m. 

You can pay these fixed premiums at once or at regular intervals during the policy term.

Reasons to buy Term Insurance Plan Online.

  • With everything online, buying the Best Term Insurance Plan Online is a seamless experience.
  • It is cost-effective as you can avail online discounts
  • It is convenient because you are buying the plan at your home’s comfort within a few finger clicks
  • It is customisable to meet your needs and loaded with added benefits
  • Opt for a Clean-and-Green approach by going paperless

Who Should Buy a Term Insurance Policy?

Anyone can buy the Best Term Insurance Policy in today’s time. With a well-planned policy, you can reap great benefits. From parents, newly married couples, working women, young professionals, taxpayers, self-employed, SIP investors, to retirees, anyone can benefit from the Term Insurance Policy. We can’t predict the future, but we can plan it. 

We all have different needs. Heath, education, goals, travelling, investments, assets. Each of our requirements and plan varies. One can easily chart out their customised Term Insurance Policy based on their needs.

What are the Payout Options?

One can redeem their payout through the following methods:

  1. Lumpsum
  2. Income
  3. A combination of both
  4. Increasing Income

When should one buy the Term Insurance Plan?

The time is NOW! Don’t wait further to think about a benefitting policy. Stay focused on your ambitions and seize them by making the right choice, i.e., with the ICICI Term Insurance Policy.

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