What does the Bible say about Jesus giving his life as a ransom?

In Mark 10:45, Jesus declares, 'For even the Son of Man came not to be ministered unto, but to minister, and to give his life a ransom for many.' This passage highlights the purpose of Christ’s incarnation and His mission on earth—not to receive service, but to serve others through His sacrificial death. His life as a ransom signifies the redemption He provides, as He pays a debt that humanity could not satisfy due to sin. This redemptive act is foundational to sovereign grace theology, affirming that Christ’s sacrificial death is sufficient for the elect.