Income Protection for Breadwinners

In most families, one person’s income runs the household. It pays the home loan, school fees, medical bills, groceries, and everyday expenses. Everyone plans life around that monthly money coming in. If the income suddenly stops because of an accident, illness, or death, the family can feel lost about how to manage things financially. Income protection for breadwinners means making sure the family still has monthly income even when the main earner cannot work anymore.

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Instead of depending only on savings or selling assets, income protection helps replace part of that income so that your life is not affected.

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Crore

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₹75
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Life Cover

@ Starting from ₹ 12/day⁺

Who Is a Breadwinner and Why Their Income Matters?

A breadwinner is the person whose income the whole family relies on. It could be someone in a job, running a business, freelancing, or earning from more than one source. What matters is that the family depends on that income every month. When that income stops, the problems show up quickly. The home loan EMI still needs to be paid. School or college fees cannot be skipped. Medical, travel, and household expenses continue as usual.

Income protection helps the family handle these costs without panic. It gives them time to settle, plan, and continue their lifestyle without having to make rushed financial decisions during an already difficult phase.

How Can Breadwinners Protect Their Income?

Here is how you can use term insurance to provide financial protection against loss of income for the breadwinner’s family:

Income replacement plans: The income replacement term plans provide regular income for a fixed number of years. They are useful when children are young, loans are active, and expenses are high.
Term insurance with monthly income: You can now choose from lump sum payout or monthly income for your family in your absence. This payout helps your family replace your income and fulfil their financial needs.
Riders for added protection: Some of the important term insurance riders offered are the waiver of premium and accidental total and permanent disability riders. These riders help the breadwinner’s family in case of a disability or critical illness.

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Why Is Income Protection for Breadwinners Important?

When the main earner in a family is no longer able to work, the emotional impact is already difficult to handle. On top of that, worrying about money can make the situation much worse. Bills still come in, loans still need to be paid, and children’s needs do not pause just because income has stopped.

Income protection helps remove that financial uncertainty. It makes sure that the family has a regular income of money to manage monthly expenses. It makes sure that the family gets a steady amount of money each month to pay for their bills. It also helps keep long-term goals on track. You don't have to give up on your kids' education, your goal of owning a home, or your health care needs just because your income suddenly stopped. Your family can move on with their lives without giving up on the future you were building together if you have the right protection in place.

Benefits of Income Protection for Breadwinners

Income protection for breadwinners helps you secure the financial future of your loved ones in your absence.

Regular income: With regular income support, the family receives money in a way that feels familiar, much like the breadwinner’s salary. This makes budgeting easier and keeps expenses under control.
Monthly expenses: The payout helps the family manage expenses by making sure that EMIs, rent, school fees, and household bills can all be paid on time.
Peace of mind: It offers peace of mind knowing that the term insurance payout can help your family with their financial needs in your absence.
Secure Savings: It supports savings protection, so long-term investments are not withdrawn too early just to survive.
Financial Stability: The payout maintains family stability, allowing monthly expenses and responsibilities to continue smoothly while the family is dealing with grief.

How to Choose the Right Income Protection for Breadwinners?

Here is how you should choose the right income protection for breadwinners of the family:

Assess your needs: You should start by evaluating your monthly expenses. You should cover your outstanding home loans, education costs, insurance premiums, medical needs, and lifestyle spending to see how much income your family would actually need.
Select the Payout Option: Monthly income options work well for families that rely on regular salary cash flow, while a combination of lump sum and income can help manage both immediate and long-term needs, like paying off loan and taking care of monthly expenses.
Policy Term: Your income replacement term plan payout should last until major responsibilities such as children’s education and loan repayments, are completed. Therefore, it is important that you choose a policy term that covers you, until all your financial liabilities are over.
Compare plans: You should compare insurers not just on premiums but also on claim settlement history, flexibility of payouts, and service quality. A term insurance policy makes sure that your family receives support without complications.

Final Thoughts!

As a breadwinner, your income is not just earnings, but is also security, planning, and peace of mind for your family. Income protection for breadwinners makes sure that even if you suffer an untimely death, your family’s lifestyle, commitments, and future plans remain protected. By combining term insurance with income replacement benefit and suitable payout options, breadwinners can create a financial safety net that continues protecting for their loved ones, even in their absence.

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˜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

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. ₹360/month is the starting price for a ₹99 lakhs 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

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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