Prices Increasing soon Prices Increasing Soon

Income Replacement Insurance for Women

An income replacement plan ensures the monthly income for the family in case of an untimely death of the earning female of the family. With income replacement insurance, your family can maintain their current quality of life even in your absence. Let us learn more about an income replacement term plan and its benefits. 

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
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 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 /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.

What is Income Replacement Insurance for Women?

Income replacement insurance for women is a term insurance plan that offers the death benefit to the family of the female policyholder in regular installments as a replacement of income in case of the female policyholder’s death. These plans are best suited for working women and housewives as the payout from these plans can help the family financially recover from the loss of a loved one. The nominee may use the benefit amount to pay off any remaining loans, pay monthly expenses, or pay for the child’s fees.

Note: Know what is term plan first and then buy a term plan for your loved ones.

Note: It is suggested to calculate the term plan premium on the term policy calculator online tool by Policybazaar before buying.

How Does Income Replacement Insurance for Women Work?

Let us understand how income replacement plan for women works with the help of an example:

Kriti bought a 1 crore term insurance as her income replacement plan to secure the financial future of her dependent parents. She opted for the policy to cover her till 60 years of age and selected the death benefit payout option as monthly income. Kriti, unfortunately, met with a terrible accident in the 9th policy year, and her dependent parents were left emotionally and financially unstable. Thankfully, they submitted the claims form and started receiving the monthly payouts to help take care of their financial needs. They used the amount to pay for the funeral costs and other financial obligations. 

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+

What are the Benefits of Income Replacement Insurance for Women?

Here is a list of the benefits of buying income replacement plans for women in India:

  • Death Benefit for the Family: An income replacement term plan ensures the financial future of the woman’s family in her absence by offering a guaranteed death benefit. The family can use the benefit amount to pay for financial obligations like rent, child’s fees, or any other expenses that may arise.

  • Take Care of Future Inflation: With income replacement insurance for women, your family can take care of future inflation and live a financially stable life in your absence.

  • Peace of Mind: An income replacement plan offers you much-needed peace of mind, as it guarantees the financial stability of your loved ones in the event of your untimely death.

  • Tax Benefits: Term plan with income replacement insurance for women offers tax benefits u/s 80C and 10(10D) of the Income Tax Act, 1961.

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

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

The following are the key features of income replacement term insurance for women offered by Indian insurers:

  • Affordable Premiums: Income replacement plans for women are available at the most affordable premiums compared to other types of life insurance. This allows you to get long-term protection at low premiums.

  • Large Sum Assured: With an income replacement term plan for women, you can secure a large life cover amount for your family in your absence. The ideal cover amount for your profile depends on your age, current annual income, and existing life cover.

  • Long Term Coverage: An income replacement for women provides long-term coverage that can be extended till 99 or 100 years of age. This way, you and your family can stay protected under the plan for the long term and live a stress-free life.

  • Premium Pay Options: You get the option of selecting the most convenient premium payment options like monthly, quarterly, semi-annual, or annual premium payments. 

  • Quick and Easy Claims: Insurance companies in India offer a quick and easy claim settlement. Nominees can simply submit the filled-out claim form with attached documents to initiate the claim process.

one crore term plan

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 10%#

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

Wrapping it Up

Income replacement term plans for women should be an essential part of every woman’s financial portfolio. You can use the income replacement plan to ensure your family's financial stability in case of an eventuality like death, disability, or illness. However, before buying the most suitable income replacement term plan for women, you should always compare the available plans and select the plan best suited for your profile.

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


Premium By Age

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



Choose Term Insurance Plan as per you need

Plans starting from @ ₹473/Month*
Term Insurance
1 Crore Term Insurance
Term Insurance
2 Crore Term Insurance
Term Insurance
4 Crore Term Insurance
Term Insurance
5 Crore Term Insurance
Term Insurance
6 Crore Term Insurance
Term Insurance
7 Crore Term Insurance
Term Insurance
7.5 Crore Term Insurance
Term Insurance
8 Crore Term Insurance
Term Insurance
9 Crore Term Insurance
Term Insurance
15 Crore Term Insurance
Term Insurance
20 Crore Term Insurance
Term Insurance
25 Crore Term Insurance
Term Insurance
30 Crore Term Insurance
Term Insurance
15 Lakh Term Insurance
Term Insurance
60 Lakh Term Insurance

Term insurance Articles

  • Recent Article
  • Popular Articles
10 Dec 2024

Does HDFC Term Insurance Come Under Section 80C...

Many people wonder about its tax benefits when purchasing a term

Read more
09 Dec 2024

How to Study Abroad for Free with the Right Term...

Studying abroad can be a life-changing experience, offering

Read more
06 Dec 2024

HDFC Life Insurance Income Replacement in Tamil...

The divide between rural and urban lifestyles in Tamil Nadu is

Read more
06 Dec 2024

HDFC Life Insurance Income Replacement in Sikkim

Sikkim, a state rapidly advancing through industrialisation and

Read more
06 Dec 2024

HDFC Life Insurance Income Replacement in...

With 62% of Rajasthan's population dependent on agriculture, the

Read more

Term Insurance Calculator Online : Get Instant...

Term Insurance Calculator [[ Term Insurance Calculator - Calculate your term insurance premium for free Term

Read more

Best Term Insurance Plan for 1 Crore : Buy Best...

A ₹1 crore term insurance plan ensures financial security for your family by providing a ₹1 crore payout as a

Read more

LIC Surrender Value After 10 Years Calculator

The surrender value of a LIC insurance policy is the amount that the policyholder will receive if they decide to

Read more

Claim Settlement Ratio of Term Insurance Plan...

Claim Settlement Ratio (CSR) is an important parameter in the selection of an insurance policy. If you are going

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