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There are various life altering events that can happen any time and change the course of your life. It is in these kinds of situations that a term insurance policy comes to you and your family’s aid. A term plan will ensure that you and your family have a lump sum amount in hand during the critical milestones of life, even if you are not around. Also, you don’t have to get an insurance policy that is expensive. Term insurance is one of the cheapest insurance available today. However, the issue that troubles most people is when to get a term insurance policy. You too may be struggling with the same thoughts as to whether you should get term insurance now, after your children start going to school or whether you should wait till you are above fifty and so on? It's ideal not to delay buying term insurance because priorities and responsibilities keep on changing with time. As a matter of fact, securing life against unfortunate events is one of the most important priorities of life. Following are some important reasons for you not to delay buying term insurance: At an early age you are in good health. You then have the best chances of getting a high sum assured on the policy. Also, due to improper health one may not even qualify for the policy. If at all he/she qualify, the premium rate will be very high. Insurance premium typically increases as you grow older. This is because the chances of you falling ill increases with age. The premium of a term policy that you buy today will in all probability cost you double the amount 10 years down the line. Therefore, don’t sit idle thinking that nothing will happen to you till old age. There is always an element of risk in life, at any age. The earlier you act and go for the investment, the more secure will be your family in case of an unfortunate situation. Compare term insurance plans online and get higher sum assured to cover your family at a lowest cost. We provides best offers from leading insurers in India.
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