Income Replacement Insurance for Housewife

Income replacement insurance for housewife is a term insurance plan that housewives can avail of to secure the financial future of their spouse and kids. With this plan, you can rest assured that your family will be financially secure in the event of your untimely demise.

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₹1 Crore Life cover starting from ₹403/month⁺

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What is Income Replacement Insurance for Housewife?

Income replacement insurance for housewife is a plan that offers a death benefit to the nominees as a regular monthly payout to replace the absence of monthly income of the breadwinner. In the case of a housewife, the non-earning member can also buy income replacement insurance to ensure a larger sum for her family on top of the husband’s life cover. Let us see how an income replacement term plan for housewife can benefit you.

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

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 Benefits of Income Replacement Insurance for Housewife?

Here is a list of benefits of income replacement insurance for housewife:

Death Benefits: The income replacement plan for housewife offers financial stability to the family in your absence. This is because the insurer pays the death benefit to the nominee in case of death during the policy term.
Beat Inflation: Your family can use the benefit amount to pay for the rising inflation costs. They can also use the amount to pay off any remaining loans or take care of their monthly expenses like rent or child’s fees.
Peace of Mind: With an income replacement plan, you can live peacefully, knowing that your family will stay financially stable in your absence. This allows you to live a stress-free life.

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₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

⁺Standard T&C Applied

What are the Key Features of Income Replacement Insurance for Housewife?

Let us take a look at the key features of income replacement term insurance for housewife:

Affordable Premiums: Income replacement term insurance for housewife is the most affordable type of life insurance, offering large life cover at highly affordable premiums.
Suitable Policy Term: You should always opt for a policy term that covers you until your dependents are no longer financially dependent on you. Most insurance companies also offer coverage for your whole life (till 99/100 years).
High Sum Assured: You can choose the right sum assured for your family by using a human life value calculator. With this calculator, you can calculate the right life cover for your profile.
Premium Pay Options: There are various term insurance premium pay options available for income replacement insurance for housewife. This allows you to pay the premiums in a monthly, quarterly, annual, or semi-annual mode.
Claim Settlement Ratio: You can check the company’s claim settlement ratio before buying the income replacement for housewife, as CSR indicates the company’s claim settlement abilities.

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

Final Thoughts

Income replacement insurance for housewife is a financial product that helps the non-earning member of the family financially secure her loved ones in her absence. The payout from these plans can help the family members maintain financial stability, take care of monthly expenses, or pay off any remaining loans.

Note: You should also check the term insurance benefits if you are planning to purchase the term insurance plan.

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

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˜Top plans are based on annualized premium, for bookings made through https://www.policybazaar.com in FY 25.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India 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. 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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