Myth 4: Life Insurance is Expensive

Fact 4.

Life Insurance premium is the most versatile premium that can be found. It depends on multiple factors and can be adjusted to suit your premium paying capacity and gradually increased. The younger you are, the lower is the premium rate in any policy – be it pure risk or risk cum savings product. 

Term insurance typically provides a large sum assured for a very low premium. You can always start with a small investment and extend your coverage as your income and responsibilities grow across different life stages.