Prices Increasing soon Prices Increasing Soon

Bandhan Life Term Plan For Housewife

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
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.

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. Bandhan Life Term Insurance has come as a savior plan for housewives that provides financial protection to their families. 

Note: Know more about what is term insurance first before reading this article.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

Why Bandhan Life Term Plan Is A Must-Fuy for Housewives? 

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: 

  • Financial Protection – While you as a housewife are not contributing to the household works financially, but you are valuable and important to your family. If in case some unforeseen events occurred to you, then the payout offered by the term insurance will protect your children. Moreover, the payout will also be provided to your family for fulfilling long-term financial liabilities. Hence, life insurance is a necessity these days whether you are earning it or not, to protect your loved ones from financially stressful situations. 
  • Cost-Effectiveness – Term insurance is a basic life protection plan that provides a life cover to your nominee/beneficiary in case of an unforeseen event. Additionally, you can get high coverage amounts at lower premium rates. The plan also offers a rebate on premiums depending on the policy’s terms and conditions. 
  • Tax Benefits – Enjoy the tax benefit on premiums as per the prevailing laws of the Income Tax Act, 1961. 
  • Overall Protection – Term insurance plans protect you from every kind of life-threatening situation such as critical illnesses, disabilities, etc. 
  • Riders – Term insurance plan offers riders to enhance their policy coverage that provides additional protection to you and your family.  
  • Joint Life Cover – In this Joint Life Cover, both the partners are the equal owner of the insurance policy. If in case any unfortunate incident happens to any one of the partners, the other one (surviving one) will receive the life cover benefit. This cover ensures the safety of both the partners to face any exigencies that would arise in such situations. This plan generally comes up with critical illness and an inbuilt accidental cover. 

one crore term plan

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @ ₹449/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

Bandhan Life Term Plan For Housewife 

Bandhan 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. 

  • Bandhan Life Term Plans offers different riders for enhancing the coverage of the insurance policy. Women Critical Illness rider is also available that covers women-specific critical illnesses. It provides a part of the sum assured payment if the life assured is diagnosed with any of the critical illnesses mentioned in the company’s brochure.
  • The policyholder has the option to pay premiums in one lump sum amount under the single pay option or the entire policy duration under the option of regular pay 
  • You can purchase a policy online using the website of the company 

Why The Premiums Of Women Are Lower Than Men? 

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. 

Note: You can easily calculate the term plan premium by using the term insurance calculator online tool.

Which Term Insurance Plan Is Right For Housewives? 

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: 

  • Endowment Plans – It is a plan in which you can save a set amount of money over a pre-specified duration and you receive a lump sum amount after the maturity date. 
  • Money-Back Plans – The policyholder receives a fixed sum assured amount at regular time intervals. 
  • ULIP – Unit Liked Insurance Plan (ULIP) is a combination of investment and insurance plans. In this, the policyholder can choose to invest a part of his/her sum in the market to gain profits. And the other part transferred to the insurance for the safety of the policyholder and nominee. 
Best term Insurance Plans in India Best term Insurance Plans in India

Wrapping It Up! 

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 term insurance benefits compared and then make an informed decision. Housewives play a very important role in our lives. Bandhan 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.

Note: Check out the best term insurance plan in India and choose one that suits your requirements.


Premium By Age
Need Help? Request Callback
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL