Father's Day is just around the corner, and we're all confused thinking about what to gift the man who has been there for us all along. Of course, you may go out and buy him a watch, a new wallet, or even a high-end gadget. But this year, why not give him something a little more special: something that says you care not only today but also tomorrow?
Yes, we're speaking about term insurance. It's not gift-boxed, but it's one of the most practical and considerate gifts you can give your dad. This post will discuss why term insurance policies are the perfect Father's Day gift in 2025 and how they can secure your father's future and provide peace of mind for your entire family.
Term insurance is a life insurance policy that offers financial protection for a specified period, let's say 10, 20, or 30 years. In case the policyholder (your dad) dies during this period, the insurer pays a lump sum (called the sum assured) to the nominee or the family. The sum can be used to pay for monthly bills, loans, and other financial obligations.
Term insurance is one of the affordable life insurance policies if purchased at an early age. Here's why you should purchase a term insurance for your dad:
Gifting your dad a term insurance policy might not come wrapped in shiny paper, but its value goes far beyond the usual presents. Think about it. While clothes fade and gadgets get outdated, term insurance is a gift of love, responsibility, and security. It protects everything your father has built and ensures his legacy continues no matter what.
Yes, many insurers allow term insurance for individuals up to 65 years, but premiums may be higher with age.
If your dad already has a policy, increasing coverage or adding riders (like critical illness) might be more cost-effective.
He can still get term insurance, but he may need to undergo medical tests, and premiums might be slightly higher.
Only if you choose a "Return of Premium" (ROP) option. Otherwise, traditional term plans don’t offer maturity benefits.
Yes, you can pay the premiums, but make sure your father is listed as the policyholder and nominee details are accurate.
Related Articles:
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Types of Term Insurance Plans in India 2025 – Which One is Right for You?
Term Insurance for Housewife: Best Plans & Benefits in 2025
Tax Benefits of Term Insurance - Term Plan Tax Benefits
What Is the Difference Between Sum Assured and Maturity Amount?
Piyush Kataria, SEO Manager at PNB MetLife, is a seasoned digital marketing strategist with over a decade of experience in optimizing websites for search engines. His expertise extends to keyword research, content strategy, technical SEO, and link building, all of which have been instrumental in driving organic traffic growth at PNB MetLife. With a strong foundation in life insurance, Piyush leverages his industry knowledge to create targeted and effective SEO campaigns.
Sakshi Malhotra is a seasoned marketing professional associated with the Life Insurance industry since 2007. At PNB MetLife, she heads Digital Marketing and Direct to Customer line of business. She is responsible for driving effective customer engagement through the company’s website and social media channels. In addition, she drives customer online buying journeys to help them buy the right product.
The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.
PNB MetLife India Insurance Company Limited
Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka
IRDAI Registration number 117 | CIN U66010KA2001PLC028883
For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale.
Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for more details.
Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
The marks "PNB" and "MetLife" are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
Call us Toll-free at 1-800-425-6969, Phone: 080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203.
| Beware of Spurious Phone Calls and Fictitious / Fraudulent Offers! IRDAI or its officials is not involved in activities like selling insurance policies, announcing bonus or investments of premium. Public receiving such phone calls are requested to lodge a police complaint. |
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