Insure Your Love with Term Insurance This Valentine’s Day!

With only days left for Valentine’s Day, the cold February evenings are seemingly getting warmer and cosier, aren’t they? Everywhere you see, there’s a storm of candied gifts, pink hearts and soft pastel toys that are meant to confess your love for your beloved.

But the logic fails us. We talk of an unrequited, permanent and everlasting bond of love, and yet, believe that it is best expressed through gifts that are perishable and almost juvenile. A lifetime of love and commitment is best celebrated with a token that has a more profound significance – a gift that can help ensure your loved ones are protected for the remainder of your lives and beyond.

This Valentine’s, therefore, it’s time to look further than the superficial hearts and chocolates, and go for the best gift of all – financial security with a term insurance plan.

Lifelong Protection

Buying a term insurance policy is a way to secure your loved one’s future in your absence. Popular term plans from reputable insurers such as Future Generali offer comprehensive life cover along with add-on riders such as a waiver of premium and critical illness cover to ensure wholesome protection of your family.

Overall, a term plan can help make sure that your partner is stress-free, even in the face of an emergency.

Financial Security

Commercial urban lifestyle, together with high inflation rate can burn a deep hole in your pockets. That said, any unsettled financial debt such as home loans and pending medical bills can further add to the worry.

With a term plan, you can guarantee your partner, an appropriate financial coverage that will help relieve their burden of handling any financial crisis in your absence.

Tax Benefits

The premium payable under a term insurance plan is eligible for tax deductions under Section 80C of the Income Tax Act 1961.

Additionally, the death benefit of the policy is tax-free under Section 10(10D) of the Act. This way you can spend less while saving more on your present and future liabilities.

This Valentine’s, Think Beyond the Ordinary!

Most couples, nowadays, tend to focus more on ‘seizing the day’, spending their Valentine’s Day fussing about trivial pursuits of happiness and gifts. When buying a Valentine’s Day gift, therefore, you usually go down one of the standard routes like buying chocolates, perfumes, clothes, smartphones or bags, among others.

However, there are other, more meaningful options that many people don’t explore, one of them being term insurance. Despite being termed as ‘not-so-romantic’, expressing your love and care for your partner with a term insurance plan would perhaps be an ideal choice of gift.

Therefore, this Valentine’s Day, it’s time to look beyond the social conventions and gift choices and instead, go for a token of love that matters! Because, it might take you three words to express your love, but it would take more than a lifetime to prove it.