IndiaFirst Term Insurance For Housewives

Term insurance protection for your housewife means an extra financial benefit for you and your kids, allowing everyone to grieve for their loss in peace. IndiaFirst Life Insurance has come out with the IndiaFirst Life Plan that allows policyholders to add their non-working spouses to the cover.

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15 lakh Families Secured
₹13,50,000 Crore of Life Cover Assured
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₹1 Crore Life cover starting from ₹478/month+
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one crore term plan
plus

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+

Does IndiaFirst offer term plans for housewives?

Yes, the insurer offers term insurance cover to housewives under its IndiaFirst Life Plan. This is a pure risk plan which means that if the life assured survives the policy term, no benefit shall be paid to you or your wife. However, the plan offers a lot of flexibility to the policyholder to customize different features.

Why do housewives need term insurance coverage?

The contribution of housewives to a household is so much more than just financial. While money cannot compensate for the loss of such an important person, term insurance for your spouse can provide an extra layer of protection. On the death of your wife, you can use the proceeds from the term life cover to add to your income and finance important milestones. You can use the IndiaFirst term insurance plan for housewives to fulfill such needs. 

About IndiaFirst Life Plan for Housewives

This is a term insurance plan that offers life cover to the policyholder for a maximum period of 40 years. The assured sum is paid to the nominees on the death of the life assured (the non-working spouse in this case) within the coverage period. 

Things to consider before buying IndiaFirst Life Plan for housewives

  • The coverage amount is fixed at Rs. 10 Lakhs. 

  • The husband should have a life cover of at least Rs. 25 Lakhs to buy this policy for his spouse. 

  • Premiums can be paid regularly on a monthly, half-yearly, or yearly basis. You can also choose to pay the premium amount as a lump sum. 

  • A physical medical examination is not compulsory.

  • Should you choose to cancel the policy, you can do it within 30 days of policy issuance to get a full refund.

  • Loan benefit is not applicable under this plan. 

one crore term plan

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Eligibility Criteria 

Criteria Minimum Maximum
For the Housewife
Maturity Age  NA 70 years
Policy Term 5 years  38 years
Education Qualification 12th Pass (if the policy term is above 20 years) Graduate and above (if the policy term is less than 20 years
Sum Assured Rs. 10 Lakhs (fixed)
For the Husband
Existing Life Cover Minimum - Rs. 25 Lakhs (from any insurer)
Annual Income Minimum - Rs. 4 Lakhs

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

Documents Required 

The documents mandatory to buy the IndiaFirst Life Plan for housewives are - 

  • KYC documents of the housewife demonstrating proof of identity and address such as PAN card, Aadhar card, etc.

  • Income proof of the husband such as salary slips, income tax returns, etc. 

Exclusions under IndiaFirst Life Plan for Housewives

This IndiaFirst term insurance plan for housewives does not cover the death of the life assured if it occurs as a result of a suicide attempt within the 1st year of the policy.

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.

Premium By Age

˜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. 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.

© Copyright 2008-2025 policybazaar.com. All Rights Reserved

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.



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IndiaFirst Term Insurance For Housewives Reviews & Ratings

4.7 / 5 (Based on 5 Reviews)
(Showing Newest 5 reviews)
Suraj
Maharashtra, July 16, 2024
ICICI Prudential Experience
Policybazaar provided a seamless experience for buying ICICI Prudential term insurance. The platform is intuitive and the support was very helpful
Bhola
Tamil Nadu, July 16, 2024
Kotak Life Term Plan
Thank you Policybazaar for helping me choose the right Kotak Life term insurance plan. The comparison tool was very helpful
Anushka
Bardez, March 02, 2021
Great offers
I I bought a term insurance plan of Indiafirst and it is such a reliable company which I have found. I have got to know about different offers regarding the term insurance plans. Great.
Renuka
Attingal, February 19, 2021
Customize your plan
I happen to buy a term insurance plan from the policybazaar website. It was of IndiaFirst. It was really good plan as I can customize it according to my choices. I bought it and added few features under my plan. Thanks team.
Yajan
Chaksu, May 13, 2016
Awesome
I have term insurance policy plan from IndiaFirst life insurance. Policy coverage is good approx. 90% and the premiums are low approx. 33 K. Claiming is easy and the waiting time is very less due to fast and on time services from executives and the staff members. Good future investment which save tax. I like the plan.
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