Download the Policybazaar app
to manage all your insurance needs.
Term Plans
Awaiting new bundle of joy? 5 questions about life insurance answered
If you are expecting a child and considering life insurance, you have made a smart move. There are few times in life, which are more nerve-wracking than the period before your child is born. It is easy to push aside subtle things like insurance. However, when it comes to protecting your growing family, an insurance coverage is essential. If you are an expecting mother, a good insurance coverage is more important than ever.
51 Partners Insurance Partners
10.5 Crore Registered Consumer
5.3 Crore Policies Sold
We are rated ++
₹1 Crore Life cover starting from ₹478/month+
Lowest Price Guarantee ˜
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
-
Home
-
Life Insurance
-
Articles-LI
- Awaiting new bundle of joy? 5 questions about life insurance answered
Term Insurers
Life insurance should be on the top of the list of priorities when your family is about to grow. Life insurance will pay a lump sum or a regular income to your family in your absence.
Once a baby is born, the complexity of life only increases. Life is never the same for the couple. Financially too, life will not be the same. Hence it is important to deal with medium and long-term financial planning months before the delivery. If you are looking for coverage for the first time, several questions may be running through your mind. In this primer get your questions about life insurance answered.
-
Deciding on the Coverage
The first question about life insurance which expecting moms want answer to is which is better, term or permanent coverage? Most expecting mothers are in a fix whether to choose term or permanent insurance quotes. The advantage of term insurance is that it will cost less than the permanent initially. This is affordable for expecting mothers who do not have a lot of disposable income but need large coverage. Permanent insurance, on the other hand, offers lifelong coverage, which can be a valuable source of money that you can tap in the future. Ideally, the best solution lies in purchasing a combination of coverage for both. But before deciding on the coverage, you should find out the amount of death benefit required to protect your family. This easy calculation can be done online.
-
Working Mom versus Stay-at-Home Mom
As an expecting mother it is natural to look for ways in which you can protect your child’s financial needs in the event of your untimely death. The next question about life insurance which needs to be answered is what type of cover you should opt for, if you are a stay at home mom compared to a working mom. If you are aprimary wage-earner, a life insurance cover is extremely essential. Meeting everyday living expenses will be difficult if something untoward happens to you. On the other hand if you are a stay at home mom, your family would have to pay someone to do the household chores or pay for childcare if you are gone suddenly. A good life insurance coverage will help you to cover the costs.
You may have a group life insurance policy but it may be limited. It may not be sufficient to meet your dependent’s needs. In this case, you can supplement the group life insurance policy with an individual life insurance policy and make sure that your dependent’s needs are covered.
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 15%#
Compare 40+ plans from 15 Insurers
+Standard T&C Applied -
Wondering About the Restrictions
When you are expecting a child, you may be wondering about the restrictions. If there are no medical complications, then you will be able to get the policy easily. Later, if there are medical issues, it may be difficult to obtain life insurance coverage. Hence, it is advisable to get coverage as soon as possible, when you plan to have children.
Most term life insurance policies require a medical test. Health concerns, such as increased weight or high cholesterol can affect the rates. At times, some insurers waive charges associated with issues which are contributed by pregnancy.
-
Is Coverage Offered by the Company Sufficient?
Working moms who are expecting children may wonder whether the life insurance offered by their company is adequate. This is a common question about life insurance which needs to be answered. A group insurance may be highly beneficial but it comes with certain limitations. The coverage may be more than the salary but the question that arises is that how long will the money last? The next question that crops up is that what would happen to the family once the finances are exhausted? Additionally, in case you resign from the job, you will lose the coverage. You will be leaving your family at risk if you do not have an individual policy.
-
Questions which Revolve Around the Payments
Most expecting mothers have questions about payment. They have thoughts that revolve around annual, monthly, or daily payments. However, the payments depend on the age and health of an individual. Buying an insurance cover can be expensive if you are in a poor state of health or have a pre-existing medical condition. At times, a dangerous job or hobby too can have an impact on the insurance cover.
By now your questions about life insurance must have been answered. Now let’s take a look at the steps you must adopt when opting for life insurance coverage:
-
Learn about insurance options
-
Determine the coverage priorities
-
Conduct Needs Analysis
-
Understand the protection types
-
Consult the pros ( a reputed financial advisor)
-
Compare the rates
-
Buy a policy early
-
Consider insuring both parents
Note: Check all the best term insurance plan in India.
Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.
˜Top plans are based on annualized premium, for bookings made through https://www.policybazaar.com in FY 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.
© Copyright 2008-2025 policybazaar.com. All Rights Reserved
+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.
Explore the popular searches and stay informed
- 1 Crore Term Insurance
- Best Term Insurance Plan
- Term Insurance for Women
- Term Insurance for NRI
- Term Insurance
- Term Insurance Calculator
- Life Insurance
- Term Insurance with Return of Premium
- Whole Life Insurance
- Term Insurance vs Life Insurance
- What is Term Insurance
- Life Insurance Calculator
- 5 Crore Term Insurance
- 2 Crore Term Insurance
- 50 Lakh Term Insurance
- Term Insurance for Housewife
- Benefits of Term Insurance
- Term Insurance Terminology
- Medical Tests for Term Insurance
- Term Insurance for Self Employed
- Claim Settlement Ratio
- 10 Crore Term Insurance
- Term Insurance for Smokers
- 1.5 Crore Term Insurance
- Zero Cost Term Insurance
- LIC
- Investment Plan
- Annuity Plan
- Child Plan
- Pension Plan
- ULIP Plan
- Child Investment Plan
- SIP
- SIP Calculator
- SBI SIP
- ULIP Calculator
- Sukanya Samriddhi Yojana
- Best SIP Plans
- Retirement Planning
- SBI SIP Calculator
- HDFC SIP Calculator
- Sukanya Samriddhi Yojana Interest Rate
- NPS Interest Rate
- Deferred Annuity Plans
- SBI Annuity Deposit Scheme Calculator
- Immediate Annuity Plans
- Post Office Child Plan
- Prime Minister Schemes For Boy Child
- Government Schemes for Girl Child
- 50k Pension Per Month
- Atal Pension Yojana Calculator
- Best Pension Plan in India
Life Insurance Articles
- Recent Article
- Popular Articles
24 Apr 2024
Most Common Life Insurance Frauds in India
Life insurance fraud is a serious financial crime in India
Read more
09 Aug 2023
What High Net Worth Individuals (HNIs) Do To...
High net worth individuals often opt for life insurance plans to
Read more
28 Jun 2023
A Review Of ICICI Prudential Life Insurance
“Policy Bazaar insurance clarified the term policy for me, so
Read more
27 Jun 2023
A Review Of HDFC Life Insurance
“I recently bought an HDFC term plan and it is the best
Read more
20 Jun 2023
Life Insurance Policy in India with High Returns
The life insurance policy in India is a type of life insurance
Read more
Get Call Back Now
Claude
Insurance
Calculators
Payment Methods
Secured With
Follow us on
