Term life insurance is a straight forward policy that ensures your family is financially protected if you're no longer around. For women, whether they’re salaried professionals, self-employed, or homemakers, term insurance secures their dependents from financial stress due to income loss, ongoing liabilities, or unpaid responsibilities at home.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
Despite growing awareness, many women in the UK are still underinsured or not insured at all. This is especially true for younger women and Indian-origin NRIs who often prioritise family protection but overlook the long-term impact of financial dependency in their absence. Let us take a look at why women in the UK should buy term life insurance.
The financial role of women today is not limited to household income generation. Many women manage household budgets, co-sign on mortgages, and handle childcare or elderly care. These roles may not always have a monthly salary attached to them, but they carry significant financial value.
For salaried or businesswomen, a term life insurance replaces future income in the event of early death. For homemakers or caregivers, it provides the funds needed to hire help, cover childcare, or allow the family to adjust financially.
Even women who are unmarried or without children should consider term insurance to cover personal debts, fund funeral costs, or leave a financial cushion for ageing parents or dependents.
Term Plans
Term insurance is a pure protection plan. You choose a cover amount and policy term. If you die within that term, the insurer pays the agreed lump sum to your nominee. There is no payout if you outlive the policy, unless it is a return-of-premium variant.
You can choose between level term (fixed payout), increasing term (growing payout), or decreasing term (used to act as mortgage protection insurance). In the UK, term insurance policies are typically flexible and can be adjusted for mortgage coverage, family protection, or business continuity.
Premiums are lower when you're younger and healthier, which makes early purchase ideal. Women in their 20s and 30s usually receive the most affordable quotes, but coverage is still accessible well into the 40s or even 50s.
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When choosing a plan, the focus should not only be on the lowest life insurance quotes. You should consider the following:
The total amount your family would need to maintain current living standards
Any unpaid debts or loans that need coverage
Whether childcare, elder care, or medical costs would become an issue in your absence
How long your dependents will need financial support
Most UK-based insurers allow you to personalise your term plan. You can select riders for critical illness, income replacement, and waiver of premium. Some plans also offer terminal illness benefits, which pay out early in case of a confirmed terminal diagnosis.
Indian-origin women living in the UK often have dependents or financial interests in both countries. This includes ageing parents in India, investments in property or business, or joint liabilities like loans co-signed with relatives.
For such women, buying a term life insurance for NRI from India can serve two purposes: protection for family members back home, and access to low-cost, high-cover plans that are globally valid.
Several Indian insurers offer term insurance for NRI customers, with features such as:
Global coverage with pre-approved cover that is customisable to fit the customer’s needs.
GST waiver of 18% on term insurance premiums paid via NRE (Non-residential External) bank account that supports freely convertible currency.
Premiums in India are much more affordable compared to international term plans
Medical exams can be done online in the UK or via tele/video medical for term insurance plans
Smart exit benefits allow you to leave the plan early and receive back all the premiums paid till policy termination
Indian policies often cost less compared to UK plans for similar cover amounts, due to different actuarial calculations and lower claim costs in the Indian market.
NRI women in the UK can buy Indian term insurance through the following steps:
Step 1: Visit the term insurance for NRI page of Policybazaar
Step 2: Fill in the required details like name, gender, contact details, and more
Step 3: Select the right annual income, occupation type, educational qualification, and smoking habits
Step 4: Choose the best term life insurance for women NRI and proceed to pay
For women in the UK, especially those of Indian origin, Indian policies can offer well-rounded protection for both local and overseas obligations. It’s a low-cost, high-impact insurance product that brings long-term security without the complexity.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.
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