Purchasing term insurance, particularly a 1 Crore policy, involves considering factors like age, financial dependents, and liabilities. Experts suggest that buying term insurance early, such as in one's 20s, can lock in lower premiums due to lower mortality risk. While pure term plans offer death benefits without maturity benefits, their protective nature keeps premiums affordable. The decision on when to buy should align with individual financial planning and future goals, ensuring loved ones are financially protected.