Term Life Insurance
What If We Get Separated? Why Term Insurance Matters More Than You Think
It’s a quiet fear that many of us carry, but rarely express aloud: What if we get separated—suddenly, unexpectedly?
Let’s begin with a real story that reflects the life of countless Indian families.
A Harsh Reality for Many Families
The deceased was an employee in a private company, earning Rs. 60,000 per month. His wife, a part-time worker, brought home Rs. 20,000. Like many responsible parents, he had taken a policy with his children’s future in mind.
Tragically, he passed away in an accident. Within a month, the insurance company disbursed Rs. 4 lakhs to his grieving wife.
That’s it. Just four lakhs—less than his yearly income.
How is the family supposed to survive after that?
The Financial Void Left Behind
This story might seem fictional, but it represents the reality faced by many. Rent, school fees, groceries, aging parents—everything continues to demand attention even after a loss. In the absence of sufficient financial protection, a family can slip into economic hardship overnight.
Term Life Insurance Is the Answer
There’s a popular saying: “The trap will be lifted.” But when it comes to real-life responsibilities and uncertainties, superstitions can’t help. Planning can.
That nagging question, “What if we get separated?” constantly looms in the minds of working individuals. The only practical answer is term life insurance.
If the man in the story had taken a term policy worth Rs. 50 lakhs, his family could have been financially secure for years. His children’s education wouldn’t be interrupted. His wife wouldn’t have to struggle for stability. His parents wouldn’t have to rely on others.
Debunking the Myth Around Life Insurance
Many people see life insurance as an investment. They often ask, “What do I get in return if I pay premiums regularly?”
This mindset leads them to pick policies that combine insurance with returns. But what they often forget is that term life insurance isn’t about returns—it’s about protection.
Think of car insurance. You pay premiums every year, hoping you never have to claim it. If nothing happens, you don’t get your money back. Still, you continue paying, because protection matters more than returns.
Term life insurance works the same way.
You’re not buying a benefit for yourself. You’re buying financial protection for your loved ones.
Two Must-Have Insurances for Every Earning Person
Before you even consider investments, two forms of insurance are non-negotiable:
- Health Insurance – Covers medical emergencies, which are common and can be financially draining.
- Term Life Insurance – Secures your family in the event of your untimely demise.
Only after these two safety nets are in place should you explore wealth-building options like mutual funds, property, or fixed deposits.
A Policy That Supports Everyone
One well-planned term life insurance policy can support:
- Your spouse, who shares your life journey
- Your children, who are your legacy
- Your parents, who raised you
People often buy multiple policies for their children’s education, marriage, and retirement. While these are important, term life insurance must come first.
How Much Premium Should You Expect?
Premiums for term life insurance are surprisingly affordable.
Let’s say a 30-year-old earns Rs. 40,000 monthly. A Rs. 50 lakh term insurance policy might cost him Rs. 9,000 to Rs. 10,000 annually. That’s less than Rs. 1,000 a month.
And here’s the best part:
- Once you take the policy, the premium is fixed.
- It doesn’t increase with age or inflation.
Factors that affect your premium:
- Age
- Health condition
- Smoking and drinking habits
- Monthly income
On the other hand, health insurance premiums do increase with age and health complications.
Choose Smartly, Act Quickly
Almost all reputed insurance companies in India offer term life insurance policies. These are regulated by the IRDAI (Insurance Regulatory and Development Authority of India), ensuring transparency and protection for policyholders.
Before buying, make sure you:
- Compare policies
- Check claim settlement ratios
- Read the terms and conditions
And most importantly, don’t delay.
Final Thoughts: Start with Term Life Insurance
The idea of separation—whether due to death or unexpected events—is painful, but preparing for it is an act of love.
Don’t wait for a better time. Don’t wait to earn more. Don’t wait for a reminder.
Start with term life insurance.
It’s the foundation. Everything else—education plans, retirement goals, investments—can wait.
But ensuring your family’s security? That can’t wait.
Make the decision today. Protect your loved ones. Sleep a little better knowing you’ve done your part. for more about us , here insights
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