Being a housewife seems to be easy but this job is as important as any other earning member of the family. From looking out for the children to managing the household chores, she bears complete responsibility. Nowadays, housewives or any women is no longer limited to household responsibilities and some are even the breadwinners of the family.Read more
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** Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines
Therefore, it is also very important for them to protect and secure their financial requirements and future. Here the necessity of term insurance becomes evident. While most men are aware of the term insurance policies, it is time that women know the importance of emergency funds and helps meet their dear one’s objectives. Aegon Life Term Insurance has come as a savior plan for housewives that provides financial protection to their families.
As a housewife, you need to understand the importance of a term insurance plan. Nowadays, women are also earning and providing financial help to their families in continuing to live their lives with a good lifestyle. But term insurance plan is also a necessity for non-earning members of the family such as housewives to secure the lives of their dependents. So, you also need life insurance to ensure your family’s safety if something happens to you such as permanent or total disability, or death. In such situations, who will take care of your children, your family? What about their future goals? Let’s understand some of the reason which highlights the importance of a term insurance plan:
Aegon Life Insurance Company Limited, one of the leading insurers is founded in July 2008 that has launched several life insurances services and products for meeting all the requirements of buyers at lower premium rates. These plans are specifically designed to provide financial protection to the policyholder’s family. They also offer women-specific plans.
It has been observed by insurers that women live for a longer time than men. And if someone survives for a longer period then the duration of paying premiums for them will be longer. In this way, life insurance providers deduct the premiums of women who buy insurance policies; thus, the premium amount is relatively lower for them. Health is also a very important factor in deciding the prices of premiums, Women live a much healthier life in comparison to men. As per the studies, heart attack, stroke is more common in men at 40 and 50 years of age as compared to women. This shows that women are less susceptible to diseases/illnesses.
To select the right term insurance plan, you are required to determine the financial requirements of the family and what premium amount can be paid to provide coverage to the housewife. There are limited options available for housewives because they are not active earners. But there are some alternative options from which you can choose:
With the availability of several term insurance plans, finding the right plan for housewives is a quite difficult task. If you are a housewife and looking out for a term insurance plan, it is important to compare all the features and benefits compared and then make an informed decision. Housewives play a very important role in our lives. Aegon Life Term Plan for housewife protects their future, along with the family’s well-being in case of their death. These plans protect women in case they have been diagnosed with any critical illness. So chose carefully and wisely.