Why do Women Need Life Insurance?

Women in India today come with varying financial backgrounds. With education empowerment, women today are self sufficient financially and can look after themselves without having to depend on anyone or their spouses. Although there is a huge section of women in the country who are housewives/homemakers, another portion of this segment hold senior job positions.

Read more
Get ₹1 Cr. Life Cover at just ₹449/month+
No medical checkup required
Save more with upto 10% discount
Covers COVID-19
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers
+Tax benefit is subject to changes in tax laws. +Standard T&C Apply
++ Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines
Get ₹1 Cr. Life Cover at just ₹449/month+
No medical checkup required
Save more with upto 10% discount
Covers COVID-19
+91
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use

With technology, women today also have the opportunity to work from home, while single women too have now learnt to earn and fend for themselves and their dependents.

Women have empowered themselves financially, however, when it comes to creating a financially corpus for themselves and the family, the onus still lies on the men. This attitude towards financially planning and insurance needs to shift towards women as they seem to make some smarter financial planning.

This will not only help them share in the financial responsibility but also ensure that they secure their financial status for now and for the future. Women may be working, homemakers/work-from-home moms, single moms etc, each section of this huge gamut should have an adequate insurance policy for these reasons.

Stay-at-Home/Work-From-Home Women

It’s not an easy job, looking after the house, the kids, piloting the housework, cooking, cleaning, working and the list goes on. Women who stay at home or work from home have an unpaid never-ending 24/7 shift. All the more important for them to need a good insurance plan in times of unfortunate events. If the woman of the house expires, there needs to be sufficient financial support so that dependents of the house can be taken care of. The men can use the money as it will allow them to cut down on their work hours and help create a normalcy at home for the kids. The extra money can also go into paying for helpers like the creche, housemaids, cooks, etc. Else the spouse could learn a new trade which can help them be financially secure.

Divorced/Single Women

Single women without dependents need a good enough corpus to help them secure them financially after they retire. The benefits of having an insurance are similar to any insurance meant for an individual investor. It helps them lead and maintain a lifestyle long after they no longer receive their monthly income. Divorced women and single moms need a good corpus so that their child education plan is financially secure and any impending debts are paid after their death. With investments in Life insurances and ULIP’s single/divorced women also gain that much needed assurance when they retire.

Working Women

Working women, who are married or unmarried should make the most out of investing in insurance policies. With dual income families on the rise, there is a significant earning in a particular household. Although expenses are equally high, there is a good chance to save for the future so that they live their golden years fruitfully. Moreover, in case one of the spouse dies, the surviving woman can make use of the claim to pay off medical expenses if any, pay off liabilities and even turn the corpus into an asset. The possibilities are endless if the working woman invests in an individual insurance policy, as it prevents any sort of financial derailment.

Wealth Creation

With the sum assured from the insurance policy women can seek to start their own business in the future. With wealth in-hand, women can pursue a long lost hobby further invest in policies or SIP’s, travel or even buy valuable assets. Investing in insurance policies  ensure that women have a secure saving, receive tax benefits as well as protect themselves.

Securing Their Retirement

If you are a working woman and your spouse has invested in a retirement plan, its high time you hit that road as well. Even a little investment every month will ensure that you and your family have a sizeable income to enjoy after you retire. Especially if you are used to dual income, relying on a single spouses retirement plans will not suit your goals. Moreover, old age brings with it illness and medical needs, with a dual retirement policy meeting your financial requirement will be much easier. 

Types of Term Plans


Life insurance articles

Recent Articles
Popular Articles
Post Office Gram Suraksha Scheme Calculator

27 Jun 2022

A Post Office Gram Suraksha Scheme calculator is a useful online...
Read more
What happens if you stop paying life insurance premiums?

03 Jun 2022

Buying the best life insurance plan is a wise and learned...
Read more
Postal life Insurance Tax Benefits

26 May 2022

Postal Life Insurance is the oldest life insurer in the country...
Read more
How to Download PLI Statement Online?

24 May 2022

PLI or Postal Life Insurance was an initiative originally...
Read more
Is Life Insurance an Investment?

24 May 2022

The thumb rule to building wealth is to invest your money in...
Read more
How to Check LIC Policy Status, Details, Statement via Online/SMS/Call
Last year, Mr. Rajiv Verma bought a Child LIC policy to provide financial security for his kid's future. However...
Read more
How to Cancel SBI Life Insurance Policy?
As per the Insurance Regulatory and Development Authority, you can cancel a life insurance policy taken within 15...
Read more
SBI Life Insurance 50,000 per year Plan for 5 Years
Life insurance is not only about the financial protection of the family but also about working for life’s...
Read more
Surrender Value in Insurance
Have you bought a life insurance policy which is not as per your requirement? Are you planning to terminate the...
Read more
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