Business
Are you too young to buy life insurance? Read what the experts have to say!
Do you think you are too young to buy Life Insurance? Read this to know the best life insurance policy plans for young professionals

Life insurance policy plans are supposed to be one of the foundational blocks of financial planning. With a life insurance policy, you can not only safeguard your family’s future in the event of an eventuality but also invest your capital in long-term growth options to achieve all your financial goals in life.
Suppose you’ve ever been into insurance and financial planning. In that case, you may already know that several companies are available in the market that offers varying insurance plans, each with unique features and benefits. Due to this, choosing a specific insurer becomes an overwhelming and daunting task.
In that case, it’s essential to conduct your arch and compare various plans available as per your choices and choose the one that aligns perfectly with your financial goals. Moreover, the sooner you purchase a life insurance policy plan, the more benefits you can yield.
With that said, if you’re a young person with a stable profession, this is the best time to start investing your capital for the betterment of you and your family’s future. Therefore, let’s take a look at the six best types of life insurance plans for young professionals:
1. Aditya Birla Sun Life Protector Plus Plan
The Protector Plus plan offered by Aditya Birla Sun Life is a very comprehensive insurance policy that offers reliable financial security to your dependents in the event of your unfortunate demise. In addition to insurance coverage, the plan also allows you to grow your funds in the long run, which will enable you to create a financial cushion for the betterment of your family.
The minimum entry barrier for this plan is only 18 years, which makes it a perfect match for young working professionals.
2. Aegon Life iTerm Plus Plan
The iTerm Plus Plan provided by Aegon Life is an online term plan that allows you to generate a corpus of monetary resources at very affordable premium rates. It features pre-defined riders like critical illness riders and accidental death benefits with its base plan.
Moreover, you can also pick from four different covers: the life benefit option, life plus benefit option, life and health benefit option, and life and health plus benefit options. If you purchase this plan at a young age, you can yield maximum benefits as it offers a high maturity age of 80 years.
3. Aviva i-Life Plan
Aviva i-Life is a life insurance plan that offers various coverage options to make your investments highly personalized as per your financial goals. This plan can be availed online from the comfort of your home, with minimal paperwork required to make the process completely hassle-free for you.
It also provides tax benefits under section 80C of the Income Tax Act of India. Additionally, there’s also an extra 5% rebate for female policyholders.
4. Bajaj Allianz Life Smart Protect Goal
The Bajaj Allianz Life Smart Protect Plan provides you with the combined benefits of financial protection for your family in the case of your demise and wealth generation to help you achieve your financial objectives in life. There are various unparalleled features available in this plan that offer you highly comprehensive coverage.
You can also opt-in for the return of premiums feature that allows you to get back all your premium payments if you survive until the end of the policy tenure.
5. Bharti AXA Life Monthly Advantage Plan
The Bharti Axa Life Monthly Advantage Plan is a traditional participating plan that provides guaranteed monthly income until the end of the tenure of your policy. In addition to the assured returns on your investment, you will also enjoy life coverage that offers a vast corpus of money to your family and dependents in the event of your unfortunate death.
It allows you to choose from three different policy tenures as per your requirements. After paying a limited number of premiums, you’ll start receiving a guaranteed monthly income with this plan.
6. Canara HSBC Oriental Bank of Commerce Select Star Term Plan
The Select Star Term Plan by Canara HSBC Oriental Bank of Commerce is all-around protection for your family against various uncertainties of life. It’s a highly flexible plan that can be tailored as per the current stage of your life. There are several options to pick from in terms of coverage, pay-out benefits, and premium payments.
Optionally, you can also add your spouse to the same plan with exciting discounts on prices. Furthermore, as you progress further through the stages of your life, you can choose to increase the coverage of the same policy to align it with your financial milestones.
7. Why Should You Purchase Life Insurance At A Young Age?
Purchasing a life insurance policy plan at a young age costs you less money comparatively in the long run. An insurer considers various factors like your age and health condition to develop an adequate premium rate for you. At a young age, you don’t have many risks of death, and that’s why you get to enjoy lower premiums.
Moreover, the earlier you start, the more time your money gets to grow. This means you’ll be able to enjoy higher maturity or death benefits with your policy. Additionally, by exposing yourself to the art of investment, you’ll learn more about it throughout your life. This will also enable you to make other financial decisions between your existing policy that may help you grow your funds even more.
Bottom Line
Life insurance is undoubtedly an important financial aspect of life, and by purchasing it at a young age, you lay the foundation for a financially secure future. Therefore, make sure you check out the types of life insurance plans available and then choose a method suitable for young professionals from the options given above to select an insurance policy that works best for you.
Business
What is a Customer Data Platform?
Consolidating real-time data sources, linking them to a customer profile, and making them instantly deployable in a campaign gives a CDP a great chance of winning over your present marketing team members.

A customer Data Platform (CDP) is a new approach to centralizing your business’s promotional and sales information. Learn how companies use CDP to get ahead of the competition and effectively address their clients.
1. Understanding a Customer Data Platform
A customer data platform stores and organizes customer information in one place, making it accessible to various customer care, sales, and marketing departments. The software can do its functions because it compiles information from multiple channels, such as your company’s social media profiles, website statistics, and live chat sessions.
You may best analyze your consumer’s needs and produce more targeted marketing campaigns with a customer data platform. Your marketing and sales activities will be more efficient, saving you time and resources. The advertising, sales and other teams that you manage will be able to make more informed decisions with the help of detailed prospective customers.
2. Reasons Why Businesses Should Implement a Customer Data Platform
A customer data platform is essential for modern businesses for many reasons.
The Elimination of Third-Party Cookies
Given the development of privacy rules and the shifting security expectations of consumers, marketing methods dependent on cookies set by third parties are becoming more unsustainable.
First-party consumer data, collected directly from your clientele, is the new gold standard. You may better serve your clients’ individual needs by creating a unified database of their information and using that information to send them tailored messages. By adjusting to the world of first-party cookies, your digital advertising will be able to draw on a far richer pool of data, including consumer interactions, choices, and transactions.
Development of Comprehensive Channels of Interaction
Advertising platforms like Google Ads and social media are becoming more popular among businesses. Direct mail campaigns are one kind of marketing communication, sales call to prospective clients, and in-person visits from clients. Whatever channel your consumers choose to engage with your company, it’s essential to provide them with a smooth, customized experience.
Omni-channel success begins with a detailed consumer profile fed by a customer data platform. If you do not have the proper marketing software, your clients may have a poor experience with you on several platforms. That is an issue since clients who are unclear on what they want cannot make a purchase.
Adopting a More Personalized Approach to Advertising is The Norm Now
Marketing Messages that are universally sent to all customers, both present and prospective, are no longer appropriate. Consider the impact of brand loyalty on advertising, for instance. One customer’s connection with your business is not the same as another’s, even if they have made many purchases from you.
With marketing technology, particularly a customer data platform, it is now feasible to personalize marketing communications in response to individual customers’ actions. The most excellent way to learn what a consumer wants is to tailor your marketing to their purchases, purchasing habits, and associated activities.
3. Benefits of Customer Data Platform
Track the Most Productive Advertising Avenues
Knowing who you are selling to enables you to focus on the most effective methods of communication. Their use patterns may help you determine the best places to advertise to them, increasing your chances of success.
Make Better Products and Services Available
Understanding your clientele has applications beyond advertising and sales. Customers’ pain concerns are a goldmine of information for developing fresh offerings that appeal to your target market.
Upgrades Your Advertising Language
With a deeper understanding of your target demographic, you can craft more persuasive marketing communications. Knowing your potential market’s language, pain points desired solutions, and previous purchases allow you to communicate with them more effectively.
Accumulate All of Your Client Information in One Centralized Database
There are many different places where data on your customers may be found. A customer data platform consolidates data from several sources into a centralized repository, giving you a complete view of your clientele in one convenient location. There is no need to go between applications to compile data on your clientele.
4. Final Verdict
Consolidating real-time data sources, linking them to a customer profile, and making them instantly deployable in a campaign gives a CDP a great chance of winning over your present marketing team members. As the pace of your campaigns increases on a global scale, you may find yourself in the advantageous situation of improving the degree of customization and targeted advertising. This aligns with a decline in time spent on data cleansing and making ads.
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