Affordability of the premium is important since term insurance plans are a long term contract and if you don’t pay the premiums in a timely manner, you would lose out on the policy benefits. If the annual premium is unaffordable, you can opt for monthly, quarterly or half-yearly premium payment modes. Alternatively, you can invest in a low sum assured initially and then, when your income increases, you can buy another term plan or opt for sum assured enhancement (if your plan allows). This would enhance the coverage and, with an increased income, make the premiums affordable too.