India, Nov. 6 -- A parent's income usually holds up an entire household, from school fees and EMIs to everyday groceries. Yet India's insurance penetration was reportedly 3.7% of GDP in 2024-25! far below the global average of 7.3% in 2024. Term insurance for parents is one simple way to protect your family from that kind of financial shock. Premiums also stay lower when you start a term insurance plan early.

In the blog, we'll discuss why term insurance matters and how to choose the right plan.

How Term Insurance Works

Term insurance is life cover that financially supports your family if you are no longer around. You choose how long you want the cover to last. If you pass away during that period, the insurer pays your nominee a fixed ...