Prices Increasing soon Prices Increasing Soon

Term Insurance for Females

Gone are the days when females were only considered important to manage their household work. In today’s world, women are independent, and educated and give an equal contribution to their house chores. The ratio of working females has increased many times over the last few years. Though, despite their financial independence, various women still lack financial security for their and their family’s future. The right way to protect the future is to buy a term plan for females. 

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~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 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:-

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
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.

Following is a list of some most important term insurance benefits for both working and non-working women:

What is Term Insurance Plan for Females?

Term insurance for females is a type of life insurance plan that offers a guaranteed payment to the women’s family in case of an unforeseen event. This guaranteed payout is provided against the payment of premiums made by the policyholder.

one crore term plan

Term Plans


Life Cover

@ Starting from ₹ 16/day+


Life Cover

@ Starting from ₹ 8/day+


Life Cover

@ Starting from ₹ 12/day+

Best Term Insurance Plan for Female 2023

Let us take a look at some of the best term insurance for females in 2023 offered by life insurance companies in India.

Term Insurance for Female Entry Age Sum Assured Policy Term
ICICI Pru iProtect Smart 18 - 60 years 50 Lacs - 10 Crores 5 - (99 - entry age) years
Max Life Smart Secure Plus 18 - 65 years 20 Lacs - No Limit 10 - 67 years
HDFC Life Click 2 Protect Super 18 - 65 years 50 Lacs - 20 Crores 5 to (85 - entry age) years
Bajaj Allianz Life eTouch 18 - 45 years 50 Lacs - 10 Crores 10 - 81 years
Bharti AXA Flexi Term Pro 18 - 65 years 25 Lacs - No Limit 5 to 50 years

Note: You can use a term insurance premium calculator to see the premium rates applicable for the term plan of your choice.

one crore term plan

Secure Your Family Future Today


Term Plan Starting @ ₹449/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

Top 7 Reasons Why Females Need Term Insurance

Females need term life insurance just as much as men do because of the following reasons:

  1. Financial Security

    In case of a sole earning member’s unforeseen death, a term insurance plan acts as a replacement for their income and make sure the financial security of dependent family members. The families of a female will be provided with the death benefit amount, thus supporting their finances. The family can use the payout to pay for the child’s higher education, marriage, or any other unexpected emergencies.

    Even in case, you outlive the policy tenure, the return of premium through TROP plans, zero-cost term plans, can offer financial stability. In addition to this, as women have a higher life expectancy as compared to men, the term insurance premium rates are lower as compared to males. The life cover of females can be increased if they and then decided to have kids.

  2. Lower Premium Rates

    The premium rates for term insurance for females are much lower than the premium rates for men. This is because the insurance providers assess the life expectancy, morbidity, and mortality rates of females and offer premium rates accordingly. Since women tend to live longer than men, the chances of them suffering an untimely demise are low, which in turn lowers the chances of the insurer having to settle the claim.

  3. Security Against Critical Illness

    Along with regular critical illnesses like kidney and heart conditions, term insurance for females provides coverage against female-centric ailments like breast and cervical cancer. This comprehensive coverage specially offered for women provides financial protection on the diagnosis of these critical illnesses.

  4. Pay Off Loans

    Today many people take loans to purchase a house or car but in the event of the policyholder’s untimely demise, the family may be burdened with these loans and liabilities. In such cases, the family of the policyholder can use the term insurance payout to pay off any remaining loans and take care of their financial obligations.

  5. Create Legacy

    In case of the unfortunate death of the female policyholder, term insurance for females ensures a good lifestyle for the child of the life assured. The large life cover creates a legacy for your family in your absence and helps them carry on with their lives. This is especially beneficial for female guardians and single mothers.

  6. Critical Illness Coverage Against Life-threatening diseases for Women

    These days, women are more at risk of heart disease and breast cancer, so adding critical illness insurance coverage is important. Most insurers offer various term riders that can be attached to the base term insurance plan to increase its coverage. You can select the critical illness rider that secures you from critical illnesses such as breast cancer, heart disease, stroke, cervical cancer, and paralysis. This will make sure your financial protection in case of any medical emergency.

  7. Tax Benefits

    Female policyholders can save on their yearly taxes as per the Income Tax Act of 1961. Sections 80C and 80D offer term insurance tax benefits on the premiums paid and section 10(10D) allows tax exemption on the benefits received.

How to Choose the Best Term Insurance for Females?

Now that we have understood why term insurance for females is important, the following are some of the tips that can help you choose the best term insurance for females:

  • Make sure that you are choosing sufficient cover

    It is important to always choose a cover that is adequate to meet your financial needs. Therefore, you need to buy a term insurance plan for females that provides the financial coverage you need. It is highly suggested to go through your financial plans like how much savings you have and how much more you require. It is also important to track your current expenses and calculate your future expenses.

    Always decide on an adequate coverage amount accordingly. As financial experts say, the minimum term cover should be at least 15 to 20 times your annual income.

  • Check for the Claim Settlement Ratio

    The Claim Settlement Ratio (CSR) is computed by dividing the number of death claims which are settled by the number of death claims received by the insurance company. Ideally, you should always buy term plan from an insurance company with a high claim settlement percentage.

Wrapping it Up!

Whether you are a single woman, working woman, business owner, housewife or single mother, you need to have term insurance in place to secure your loved ones. The payout from these plans can help your dependents take care of their financial obligations and bring their life back on track in the event of your unfortunate absence.


  • What is the maximum age limit to buy term plan for females?

    Ans: The maximum age limit to buy a term plan for females is 65 years. However, various life insurers allow females above this limit of age to buy a term insurance plan.
  • Do term plans offer accidental coverage for females?

    Ans: Yes, some term insurers offer accidental coverage for females. In addition to this, term insurance for females may also cover health expenses. Though, it depends on the life insurer from which you are buying a term plan.
  • What is joint-term life insurance plan?

    Ans: A joint-term insurance plan provides insurance coverage for two people.
  • Can I add my wife to a term insurance plan?

    Ans: Yes, you can add your partner to a term life insurance plan.
  • Why Should women buy term plans?

    Ans: Women should buy term insurance plans to protect their dependents’ finances and cover their funds in case of a critical illness or long-term security.

Different types of Plans

Premium By Age

Term insurance articles

Recent Articles
Popular Articles
ABSLI  - Aditya Birla Sun Life Insurance Salaried Term Plan

06 Nov 2023

The Aditya Birla Sun Life Insurance (ABSLI) Salaried Term Plan
Read more
Term Insurance – A Long-Term Protection Plan for Your Children

03 Nov 2023

In this fast-paced and ever-evolving world, keeping your kids
Read more
Tata AIA Saral Jeevan Bima

05 Oct 2023

Tata AIA Saral Jeevan Bima is a pure risk cover plan that
Read more
Bajaj Allianz Term Insurance for NRI

03 Oct 2023

Today, many Indians live abroad, away from their family or loved
Read more
PNB MetLife Saral Jeevan Bima Review

07 Sep 2023

“I have opted for Term insurance plan of PNB MetLife. This is
Read more
What Are The Medical Tests Done For Term Insurance
Term insurance offers a sum assured to the beneficiary of the policyholder upon their death that can help them
Read more
Best Term Insurance Companies in India 2023
Buying term insurance is a great way to protect your loved ones financially in the unfortunate event of your
Read more
Term Insurance for Women in India
Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and
Read more
LIC Term Insurance 1 Crore
LIC of India offers various plans to help you secure the financial future of your loved ones. In order to make
Read more
What Kind Of Deaths Are Not Covered In A Term Insurance Plan
A term insurance plan is the best way to ensure the financial well-being of your family members in case of any
Read more

View Plans
Download the Policybazaar app
to manage all your insurance needs.