Why Pure Term Insurance?
Never mix insurance and investment. Traditional life insurance policies (Endowments, ULIPs) give you very low life cover while locking your money into low-return investments.
A pure term plan is true insurance: You pay a small fee, and if you pass away during the term, your family receives a massive lump sum. If you survive, you get nothing back—which is exactly how insurance is supposed to work (like car insurance).
Intelligence Insight: Buy term insurance as early as possible. Your premium is "locked in" for life at the age you buy it. A ₹1 Crore policy bought at age 25 will cost a fraction of the same policy bought at age 35, and the price will never increase.