While you can buy a term insurance plan at any age between 18 and 65 years, there are several advantages of purchasing one early on in life. Get one in your 20s when you are fitter and have no or fewer health-related complications. Your premium charges will be affordable as you fall in the low-risk category.
In addition to this, term insurance plans offer flexibility and secure dependents of the policyholder at an early stage as well as multiple tax benefits.