There are numerous reasons that make term insurance a beneficial insurance as well as investment product. Thus, there various reasons that why you should avail it:It gives financial protection to your family in your absence.If you are sole breadwinner of the family and have dependentsIf offers wide coverage and that too in affordable premiumIt gives peace of mind by ensuring that your family will remain financial secure in futureYou can do a lot of savings as it also offers tax-benefits of up to INR 1.5 lakh