A few months ago, I met a former colleague, Ankit, at Starbucks in Chennai. It was a cozy Sunday afternoon, and we had decided to catch up over some good coffee and light conversation. Ankit, like many professionals in their early 30s, was juggling a fast paced career, home loan EMIs, and dreams of building a secure future for his family.
Between sips of Americano and bites of a warm sandwich, he suddenly said:
You know, I’ve started saving a bit and investing in mutual funds. But I still feel like something’s missing. What if something unexpected happens to me? I don’t want my wife and daughter to suffer financially.
That caught my attention immediately. This was a man who was doing most things right, but still hadn’t looked at one of the most critical financial tools Term Life Insurance.
He looked at me and asked:
Be honest, is term insurance really that important? I mean, I’m fit, I don’t smoke, and I’ve got a decent job. Isn’t insurance something older people need?
I smiled. Let me explain with a small example. Imagine you’re taking your car on a long trip. You’ve filled up the fuel, serviced it, stocked snacks, everything. But would you go without a spare tyre?
He chuckled, Of course not!
Exactly, I said. Term insurance is that spare tyre. You pray you never need it. But if something goes wrong, it can save your family from a very rough journey.
Ankit looked intrigued. But what do I get in return? I mean, there’s no maturity benefit, right?
That’s true, I said. Term insurance is pure protection, not an investment. It’s not about getting something back it’s about giving your family a financial safety net. If something happens to you, they get a lump sum payout ₹50 lakh, ₹1 crore, or more tax-free. This can help cover home loans, children’s education, household expenses, everything.
He leaned forward. Okay, but won’t that cost a bomb?
Not at all, I told him. “You’re just 32, healthy, and working in a good company. You can get ₹1 crore term insurance for less than ₹1000 a month. That’s like three cold coffees a month at this very café!
He laughed, Man, when you put it that way, it’s almost criminal not to have it.
We both smiled, but I could see that the wheels were turning in his head.
But there are so many options such as riders, return of premium, critical illness cover. I don’t even know where to begin!
That’s when I offered to help. I know it can be overwhelming. I help people pick the right plan, no commissions, no pressure. Just what suits your life and your goals.
A week later, Ankit messaged me:
Done. Thanks for the push. Finally feel like I’ve ticked off a big item on my checklist.
And just like that, Ankit had bought peace of mind for his family for less than what he’d spend on a few café visits a month.
💭 Now, dear reader, I’ll ask you the same question:
Do you have your spare tyre?
Life is uncertain, but your family’s future doesn’t have to be. Term life insurance is simple, powerful, and affordable and yet, most people ignore it until it’s too late.
If you're unsure about how much cover you need, which company to choose, or whether to add riders don’t worry. I’m here to help.
You can connect with me for a free consultation, and I’ll guide you just like I helped Ankit.
Leave a comment below if you have questions or thoughts I’d love to hear from you!
And hey, maybe we’ll even meet at a café sometime too.
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