Is Term Insurance A Good Anniversary Gift For Wife?

When you buy your wife's anniversary gifts, you usually think about how you feel, what is traditional, and how to make the day special. A thoughtful gift will always remind her of your love, but giving her a term insurance policy will give her peace of mind and financial security, especially when you're not around. A term life insurance policy is a thoughtful anniversary gift that shows you care about her long-term health. It's a smart, affordable choice that shows how much you care about your family's future and how responsible you are.

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Why Is Term Insurance A Good Anniversary Present For Wife?

Anniversary gifts for wife usually focus on materialistic experiences. However, some gifts may reflect a deeper sense of responsibility and enduring care. When choosing an anniversary present for wife, consider this: with life's unpredictability, have you thought about what may happen if you are no longer there to support her?

A meaningful way to celebrate your anniversary with your wife is by securing her financial stability in all circumstances. Term insurance is a type of life insurance that helps you provide income protection for family and take care of future milestones by providing financial aid to your family. The plan pays the death benefit in the event of the policyholder's untimely demise during the policy term.

Therefore, a term insurance plan is a perfect gift for wife on anniversary.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

What are the Types of Term Insurance Available for Wife?

While the wife's contributions to the family cannot be measured, the payout from these plans can help your family financially recover in her absence. The family can use the payout to take care of the child's education, pay off any remaining debts, and take care of other monthly expenses.

Term Insurance for Women: Working women can get affordable coverage and financial security for their loved ones with a large cover at affordable premiums.
Term Insurance for Housewife: Housewives can use their husband’s income proof and existing life cover to get additional financial cover for the family.
Term Insurance for Spouse: Both husband and wife can get joint cover under the same plan for more affordable coverage.

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How To Choose The Right Term Insurance Plan For Your Better Half?

Here is a list of the best term insurance plans for spouses to consider.

Private Insurers	Term Insurance Plan	Sum Assured
HDFC Life Insurance	HDFC Life Click 2 Protect Supreme	10,000 - No Limit
ICICI Prudential Life Insurance	ICICI Pru iProtect Smart Plus	50 Lacs – 20 Crores
Tata AIA Life Insurance	Tata AIA Sampoorna Raksha Promise	25 Lacs – No limit
SBI Life Insurance	SBI Smart Shield Plus	25 Lacs – No limit
Bajaj Life Insurance	Bajaj Life eTouch II	50 Lacs – No limit
Axis Max Life Insurance	Axis Max Smart Term Plan Plus	25 Lacs – 20 Crores
Digit Life Insurance	Digit Glow Plus	25 Lacs - 20 Crores
Aditya Birla Sun Life Insurance	ABSLI Super Term Plan	25 Lacs – No limit
India First Life Insurance	India first Life Plan	1 Lac - 50 Crores
Kotak Mahindra Life Insurance Company Limited	Kotak e-Term Insurance	51 Lacs - No limit
Canara HSBC Life Insurance	Canara HSBC Young Term Plan - Life Secure	25 Lacs – No limit
Shriram Life Insurance	Shriram Life Online Term Plan	25 Lacs -- 10 Crores
PNB Metlife India Insurance	PNB Mera Term Plan Plus	25 Lacs - No limit
Star Union Dai-ichi Life Insurance	SUD Life e-Lifeline	25 Lacs - 1 Crore
DHFL Pramerica Life Insurance	Pramerica Life Saral Jeevan Bima	5 Lacs - 25 Lacs
Aviva Life Insurance	Signature 3D Term Plan - Platinum	30 Lacs - 5 Crores
Future Generali Life Insurance	Future Generali Care Plus Plan	10 Lacs - No limit
Reliance Nippon Life Insurance	Reliance Nippon Life Super Suraksha Plus	2 Crore -- No limit
Ageas Federal Life Insurance	Termsurance Life Protection Insurance Plan	5 Lacs - No limit
Bandhan Life Insurance	Bandhan Life iTerm Prime	-
Bharti Axa Life Insurance	Bharti AXA Flexi Term Pro	25 Lacs -- No limit
Edelweiss Tokio Life Insurance	Zindagi Protect Plus	50 Lacs – No limit
Public Insurer
Life Insurance Corporation of India	LIC Jeevan Amar	25 Lacs - No Limit

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

What Are The Benefits Of Gifting A Term Insurance Plan To Your Wife?

Below are some of the benefits of gifting a term insurance plan to your wife for anniversary.

Affordable Premiums: Term insurance for women is much more affordable than term plan for men. The premiums are up to 20% lower, with several insurers offering special discounts for female customers.
For Homemakers: Term insurance provides housewives with a safety net, making sure they are not left struggling to cover expenses in their unfortunate demise.
Women-specific Benefits: Several term insurance companies offer coverage against women-specific illnesses like breast cancer, cervical cancer, and ovarian cancer.
It Covers Debts: People who have outstanding loans like home, car, or education loans can secure their family from the burden of loan repayment. The term 'insurance payout' helps them pay off the remaining loans, easing the stress during tough times.
Assistance For Children’s Future: Children's future goals can be achieved, as well as the cost for their future aspirations, and significant life events can be fulfilled.
Enhance Cover with Riders: Various term insurance riders can be added to enhance the base cover of the policy at nominal premiums. The important term riders are critical illness, terminal illness, accidental death, and accidental total permanent disability riders.
Tax Benefits: Premiums qualify for deductions under Section 80C, and death benefit payouts are generally tax-exempt under Section 10(10D) of the Income Tax Act of 1961.
Peace of Mind: Buying term insurance for your wife will provide you with the assurance that her future is secure, regardless of what the future might hold.

Among meaningful anniversary gifts, term insurance is a notable choice, offering a commitment to lifelong protection and care. A term plan can be a thoughtful and practical anniversary gifts for your wife, ensuring her future is secure. Giving her term insurance is more than a financial choice; it represents responsibility, respect, and love.

How To Buy The Best Term Insurance for Your Wife?

Listed below are the steps you need to follow to buy a term insurance plan as a gift for wife on anniversary.

Step 1: Visit the term insurance page of Policybazaar.

Step 2: Fill in the mandatory fields, such as name, gender, contact number, and date of birth.

Step 3: Select your smoking habits, educational qualifications, occupation type, and annual income.

Step 4: After choosing the best term insurance for your wife, you complete the application process and make your premium payments online.

Finding the right anniversary gift for wife isn’t just about feelings; it’s about giving her a real sense of security, too. When you pick something that matters financially, you’re showing you want her to feel safe and looked after for the long run.

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Wrapping it Up!

Getting a meaningful anniversary present for wife that provides lasting worth can elevate the importance of the occasion. Getting a meaningful gift for wife on anniversary provides lasting worth can elevate the importance of the occasion. Term insurance is all about protecting your loved ones and your family's financial goals.

You can check out the best term insurance plans according to your needs.

FAQs

Q: What are the benefits of spouse term insurance?

Ans: The benefits of spouse term insurance include financial security of your better half in terms of protection against critical health-related problems or unexpected loss.
Q: Is term insurance important for a housewife?

Ans: Yes, term insurance for a homemaker holds significant value. It offers financial stability for your family in case of unwanted death due to the rising health risks of women.
Q: At what age is it best to purchase term insurance?

Ans: The best time to buy term life insurance is as early as possible. This is because you are considered low risk at an early age, and you can purchase a larger life cover for lower premiums.
Q: Can a husband buy term insurance for his wife?

Ans: Husbands can purchase a term insurance policy for their spouse, as it will help her in providing financial security in life ahead.
Q: Should I buy Term Life Insurance for my wife as well?

Ans: Getting a term insurance policy for your wife is a wise decision, as it backs her with financial protection and long-term security as well as assists her with coverage of daily expenses and other needs.

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Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

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