Well, think about it. As time goes on, the cost of living keeps going up. What seems like a decent amount of money today might not stretch as far in 10 or 20 years. That's inflation silently and gradually eating away your savings.

And our expenses aren't going to get any smaller. From rising education costs to healthcare expenses, your family's financial needs are only going to grow.

That's where a term insurance plan comes in handy.

Here's the thing - many people put off buying term insurance. They think they're too young, too healthy, or that it's too expensive. But that's like saying you don't need to save for a rainy day because the sun is shining now.

In India, where we're still catching up on financial literacy, most families (read middle-class families) that account for the majority of the country’s population struggle when the primary breadwinner passes away unexpectedly.

It's a harsh reality, but according to reports from 2022, the life insurance penetration in India is just 4%. That's a lot of families left vulnerable to financial shocks.