💡 The First Thing to Buy After Getting a Job — Term Insurance, Not Cars or Land

(Onetrader Financial Awareness Series — by Onetrader)

You finally got your first job.
You worked hard, studied for years, cleared interviews, and that first salary hits your account — feels like freedom, right?

Most people immediately start thinking:
👉 “Let’s buy a new bike.”
👉 “Maybe I’ll upgrade my phone.”
👉 “Should I book a plot or invest in some small land?”

But here’s the truth that most young earners never hear —
Before you buy anything else, buy Term Insurance.

🧠 Why Term Insurance Comes First

Because your life is the foundation of every financial dream your family has.

Your salary might be small today, but your future earning potential — over 20–30 years — is worth crores.
That’s exactly what term insurance protects.

💬 Imagine this:

You’re 25. You earn ₹50,000 per month.
Even if you grow steadily, over the next 30 years, you might earn over ₹3 crore–₹4 crore in your lifetime.

If something happens to you unexpectedly, your family loses not just you — but your entire financial future.
That’s why term insurance is the most powerful act of love you can do for your family.

🛡️ What Exactly Is Term Insurance?

It’s simple.
You pay a small premium every year — say ₹8,000 to ₹12,000 —
and in return, your family gets ₹1 crore or more if something happens to you.

✅ No investment drama.
✅ No hidden returns.
✅ Just pure protection.

It’s called “Term” insurance because it covers you for a specific term — usually 20–30 years.

💡 If you live healthy and nothing happens: perfect — you protected your family.
💡 If life takes an unexpected turn: your family still gets financial security.

That’s what insurance is meant for — protection, not profit.

🚗 Why Not Cars or Land First?

Because those are liabilities, not priorities.

A car depreciates the moment you buy it.
Land or real estate needs high capital and comes with risk, tax, and liquidity issues.

But term insurance? It costs almost less than your Netflix + Swiggy bill combined — and covers your family for crores.

It’s the cheapest, smartest, and most responsible decision you’ll ever make after getting a job.

💰 How Much Coverage Should You Take?

A simple rule of thumb:

✅ 10–15 times your annual income

Example:
If your salary is ₹6 lakh/year, your coverage should be at least ₹60–90 lakh.
If you can afford, go for ₹1 crore or above — the premium difference is very small.

📄 What to Check Before Buying Term Insurance

1️⃣ Choose pure term plan only (no return-of-premium type).
2️⃣ Select a trusted insurer (claim settlement ratio > 95%).
3️⃣ Disclose all details honestly — health, habits, job, etc.
4️⃣ Add critical illness + accidental rider if possible.
5️⃣ Keep nominee details updated.

🚀 Why Early Is Better

When you’re young:

• Premiums are very low
• Medical tests are simple
• Policy acceptance is easier

If you delay by 5–10 years, premiums can double or triple — especially after 30.

So, buy it early — when you’re healthy, not when you need it.

💡 Quick Comparison

See the irony?
We insure our phones, bikes, and even pets —
but not the income that feeds our family.

🧱 Not Even Investment Comes First — Only Term Insurance

Before you start investing in mutual funds, stocks, gold, or even SIPs — stop and think.
Investment is for wealth creation, but insurance is for wealth protection.

If something happens to you tomorrow, your SIPs, mutual funds, and stocks can’t feed your family —
but your term insurance can.

That’s why before you make your first investment,
before you plan for returns or profits,
before you even think about buying land, gold, or a car —
you must secure your life first.

Every financial plan should start with this single step —
Buy Term Insurance → Then Start Investing.

Because protection comes before growth.
A roof is built after the foundation — not before.
And in finance, term insurance is that foundation.

🧠 The “Real Investment” Begins After Term Insurance

Once you have term insurance,
👉 you can freely invest in mutual funds, ETFs, stocks, or real estate —
because your base protection is ready.

Without insurance, you’re building wealth on weak ground.
With insurance, every investment you make is truly future-proof.

🏁 Final Thought

Getting your first job is a proud moment.
But don’t rush to show it by buying a new car or land.

Show it by protecting your family’s tomorrow.
Show it by being financially wise.

Before you buy anything else…
Buy Term Insurance.
That’s how you start your real financial journey.