Secure Your Mother with Term Insurance Plan
If all these years you have been showering your love to your mother with typical gifts such as flowers, jewelry, cloth, dinner at her favorite place, why not something different this time? One of the right gifts you can give to your mother is continued good health and peace of mind by purchasing term life insurance. A term insurance plan will keep your mother protected forever and fulfill all her financial requirements on a go.
*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
Nowadays, more and more women are becoming dependent financially and equally contributing to their household expenses. This is why term insurance plans are equally significant for mothers too.
A term insurance plan is a pure protection plan that secures and benefits the woman in different ways. If your mother is a working woman, then it can act as a safety net for the family as she can protect her family in case of an eventuality. Moreover, term life insurance plans also provide funds to the family to pay their debts, if any, in case of an unfortunate event such as the policyholder’s premature death or any type of disability or critical illness.
The working lifestyle of women these days is quite tough as they are balancing their lives between the office and household chores, they can likely get diagnosed with a serious illness. In such cases, a term insurance plan will protect her. While buying a term insurance plan, a common question that comes up in a buyer's mind is why buy a term plan for my mother? Let's understand this in detail for a smooth understanding:
“Tax Benefit is subject to changes in tax laws. Standard T&C apply.”
The amount/coverage of term insurance that a mother needs depends on her financial requirements. You can calculate the amount of premium to be paid using a term insurance calculator. Here are the few factors you should take into consideration while deciding the right cover for your term insurance plan:
As per the research and surveys performed by experts, it has been noticed that women live longer than men. This is why the low premium rates are offered to women as compared to men. In other words, if someone lives for a longer tenure, then the duration of paying the premium will also be longer.
Moreover, health also plays a very important role while deciding the premium amount. Women lead a much healthier life than men. Some of the illnesses are more common to men at 40 years of age such as heart attack when compared to women. This indicates that women are less susceptible to diseases and death. Hence, the premium rates are lower for women. So it is better to buy a term plan for the mother at an early age.
The term plan for mother protects your loved ones against any unexpected or unfortunate event. It is suggested to all, to gift a term plan to your mother as it is providing them continuous health and peace of mind. An individual should select a term plan based on her mother’s requirements. Buy Term plan for mother as a gift that provides her financially happy and secured life.
26 Nov 2021Popular for its low-risk investment, term insurance is steadily...
26 Nov 2021Term life insurance provides a protective roof over you and your...
26 Nov 2021Term insurance offers a sum assured to the beneficiary of the...
26 Nov 2021Buying a term insurance plan is a hassle-free process. Once you...
26 Nov 2021Term life insurance is the most common type of life insurance...