Prices Increasing soon Prices Increasing Soon

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.

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
+91
Secure
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

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.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

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.

  1. 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.

  2. 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.

  3. 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.

  4. 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.

    *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
  5. 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

Premium By Age

Life insurance articles

  • Recent Article
  • Popular Articles
09 Aug 2023

What High Net Worth Individuals (HNIs) Do To Secure Their...

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

Best Life Insurance Policy in India with High Returns

The best life insurance policy in India is a type of life

Read more
20 Jun 2023

Which Insurance is Best in India?

Insurance is a financial product that transfers the risk to a

Read more
27 May 2014

How to Check LIC Policy Status, Details, Statement via...

Last year, Mr. Rajiv Verma bought a Child LIC policy to provide financial security for his kid's future. However

Read more
25 Feb 2022

SBI Life Insurance 50,000 per year Plan for 5 Years

Life insurance is about the financial protection of the family and working for life’s milestones through smart

Read more
23 Mar 2022

SBI Life Insurance Policy Surrender Value Calculator

SBI life insurance policy surrender value calculator is an online tool that helps users calculate the amount they

Read more
09 Mar 2022

PLI Surrender Value Calculator

PLI Surrender Value Calculators have proven to be one of the simple tools for digitally savvy customers. PLI

Read more
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL