When I landed my first full-time job in IT, I thought I had everything sorted—good pay, work-from-home perks, and a decent health plan. But it wasn’t until a friend’s unexpected accident that I realized how unprepared I really was. While he had private medical insurance and a solid term life insurance plan, I didn’t even know where to start.
That moment changed everything. So if you’re just stepping into your tech career or simply trying to make sense of “adulting,” getting your term life insurance in place might be one of the smartest, most underrated moves you’ll make this year.
And the good news? You can do it all online, from your laptop between meetings or even from your phone while sipping coffee. Let’s break it down into 5 easy, stress-free steps—no jargon, no fluff.
1. Understand Why You Need Term Life Insurance
Before you start clicking through life insurance quotes, pause and think about why you’re doing this. Term life insurance is exactly what it sounds like: coverage for a set term—usually 10, 20, or 30 years. If something were to happen to you during that period, your loved ones get a payout.
If you’re young and relatively healthy, term life insurance can be surprisingly affordable. It’s not just for people with kids or mortgages either—it’s a cushion that ensures your family won’t be burdened by debts, final expenses, or the loss of your income.
Working in tech often means your job is flexible, but your financial responsibilities aren’t. So even if you already have medical insurance through your job or private medical insurance on your own, term life insurance fills in a different and critical gap.
2. Calculate How Much Coverage You Actually Need
This step always throws people off. You don’t want to overpay, but you also don’t want to underestimate your needs. A general rule? Aim for 10 to 15 times your annual income.
Let’s say you’re making ₹12 lakhs a year in your mid-20s. You might want to consider a policy of ₹1.2 to ₹1.8 crore. But don’t just guess—consider debts, education costs (for future kids or your own continued learning), and whether your partner could stay afloat without your income.
There are handy online calculators from various health insurance companies and insurers that walk you through this. It’s worth five minutes of your time.
3. Compare Life Insurance Quotes Online (It’s Easier Than Ever)
This part used to be a nightmare—calling agents, filling forms, waiting days. Thankfully, now you can compare life insurance quotes from multiple providers in minutes.
Look at more than just the premium. Check the claim settlement ratio, policy flexibility, and whether the provider is known for hassle-free service. Whether you’re checking platforms that also offer private medical insurance or niche term plans for professionals, you’ll find plenty of choices online.
Pro tip: Don’t fall for the cheapest plan without looking at what’s included. Affordable life insurance doesn’t mean “bare minimum.”
4. Fill Out the Application (Be Honest and Accurate)
Once you’ve picked a plan, the application process is pretty straightforward—but take your time here. You’ll be asked about your medical history, lifestyle habits (yes, even that occasional smoke), and income.
Accuracy matters. Not just because false info can void a claim later, but because insurers are increasingly using AI-based underwriting tools to assess risk. They don’t miss much.
If you already have medical insurance, you may not need to undergo a full health check, but sometimes a quick medical test will be scheduled at your home or a local clinic. Totally manageable.
5. Review, Submit, and Relax
Before you hit submit, take one last look at everything. Double-check the term length, coverage amount, and nominee details. Once approved, you’ll usually receive a digital copy of your policy.
Congrats—you’re now protected. And the best part? You did it all without stepping into a physical office or spending hours on phone calls.
Final Thoughts: Adulting Just Got Easier
Applying for term life insurance online might not be flashy, but it’s a power move. It shows you’re thinking ahead—not just for yourself, but for the people who matter most.
As someone who’s made the jump from confused IT grad to financially-savvy professional (with both affordable life insurance and private medical insurance in place), I can promise you—it feels really good to have this sorted.
So go ahead, knock this off your grown-up to-do list today. Future-you will thank you.
