Life insurance for women is a special type of life insurance designed to meet the specific needs of women. These plans offer helpful features, benefits, and coverage, such as protection against serious illnesses, including breast or cervical cancer, along with financial support for their families.
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Life insurance for women is a policy that helps protect women and their families financially. Insurance companies in India understand the important roles women play. That’s why they offer life insurance plans that meet their needs. Women-centric Life Insurance policies often include benefits such as critical illness coverage, maternity benefits, and even coverage for specific cancers. They help ensure women are covered at different stages of life, whether they are working, managing a home, or doing both.
Life insurance is important for women. It can help working women, homemakers, and mothers in many ways. Some key benefits include financial security for dependents, savings and wealth creation, retirement planning, tax benefits, and peace of mind. Let’s explore how life insurance for women can benefit you in detail below.
Life insurance for women provides strong financial protection for your loved ones. If something happens to you, your children and family will get money to take care of their needs. This is especially helpful if you are the main earner or share financial duties at home.
Life insurance for women often costs less than it does for men. On average, it can be about 20% more affordable. This is because women usually live longer, so insurance companies see them as lower risk. You get good life cover at a lower price.
Many life insurance policies for women help you save money over time. Some plans, like ULIPs (Unit-Linked Insurance Plans), even let you invest your money to grow wealth while staying covered by life insurance. This helps you meet your future goals without loans.
Life insurance for women helps you stay financially independent after retirement. It gives you money to manage your daily needs, health, and lifestyle as you grow older. You won’t need to depend on anyone else.
Some life insurance plans are made just for women. They offer special benefits like critical illness cover, maternity benefits, and protection against women-specific cancers such as breast or cervical cancer. You can also add extra covers like accidental death benefit, disability income rider and more for more safety.
Many women have big dreams like buying a house, starting a small business, or saving for their child’s education. A life insurance plan helps you save money regularly and protects those dreams with life cover.
You can also save money on taxes. The premium you pay for your life insurance policy qualifies for tax deductions under Section 80C. This makes life insurance a smart way to plan your money and protect your family.
Life insurance gives you peace of mind. You can live your life, focus on work, and take care of your family without always worrying about the future. It feels good to know that your loved ones are safe, even if something happens to you.
Life insurance companies in India offer special benefits for women to support their health, family, and future plans. These features are added to help with the unique needs women may face. Some of these special benefits include:
Women usually pay less for life insurance than men. This is because they often live longer and are seen as lower risk.
Some plans cover health problems like breast cancer, cervical cancer, or ovarian cancer.
Some plans designed only for women come with extra features at no extra cost.
Buying a life insurance policy online can also reduce the cost, and these lower online rates often apply to women, too.
Life insurance is important for different types of women based on their roles and responsibilities. It helps protect their loved ones and offers financial support when needed. Women, such as working professionals, stay-at-home moms, business owners, and single independent women, should consider getting life insurance to secure their families’ future.
Women in the workforce contribute significantly to their families' income and financial stability. Life Insurance ensures that in the unfortunate event of their demise, their dependents are safeguarded from potential financial hardships, covering aspects like outstanding debts, education expenses, and daily living costs.
While stay-at-home moms may not have a conventional salary, their contributions are invaluable. From managing household tasks to providing emotional support, their role is immeasurable. Life insurance can offer financial protection to cover the cost of hiring assistance for household responsibilities in the event of their absence.
Single women should also prioritise life insurance. This ensures that their financial legacy is managed according to their wishes and can serve as a safety net for any dependents or charitable causes they support.
Women who own businesses or are entrepreneurs should consider life insurance as part of their risk management strategy. It can protect business assets, cover outstanding debts related to the business, and facilitate a smooth transition in the event of their demise.
Whether caring for ageing parents or supporting siblings, women with dependent family members should prioritise life insurance. This provides a financial cushion for their loved ones, ensuring ongoing support and care.
For women who have gone through a divorce or separation, life insurance becomes really important, especially when there are kids involved. It's like a safety blanket for your finances, making sure your children are taken care of, including their needs and education. Life insurance also helps cover any lingering financial responsibilities you might have. It's like having that extra layer of support to ensure everyone is looked after, even in challenging times.
As women age, planning for retirement becomes essential. Life insurance with a cash value component can be a valuable asset, providing additional financial security during retirement.
When it comes to life insurance for women, there are different types of plans to choose from. Term plans, whole life insurance, endowment plans, and ULIPs are some of the common types of life insurance available.
This is the most basic and affordable type of life insurance. It gives your family a fixed amount of money if you pass away during the policy term. It’s good for women who want high coverage at a low cost.
This plan gives you lifelong coverage. It also builds a cash value over time, which you can borrow or use later. It’s a good choice if you want long-term protection and savings.
ULIPs offer life cover plus investment. A part of your premium goes toward life insurance, and the rest is invested in funds. It’s helpful for women who want to grow their money while staying protected.
These plans give life cover along with a savings plan. If you survive the policy term, you get a lump sum. It's useful for meeting future goals like your child’s education or buying a home.
The best life insurance policy for a woman in India works just like other life insurance plans. But many women-centric policies also include special benefits like coverage for critical illnesses and lower premium rates.
Pick a policy that matches your money goals. It could be term insurance for women, endowment plans that offer both protection and savings, ULIPs (Unit Linked Insurance Plans), which help you grow your money by investing in the market and more.
Determine the coverage amount based on factors such as income, dependents, loans, and future financial objectives.
Pay regular premiums, with amounts varying based on age, health, and coverage. Payment intervals can be annual, semi-annual, or monthly.
For policies like endowment plans and ULIPs, a portion of the premium contributes to cash value, providing savings and investment opportunities.
Benefits are paid out upon the policyholder's death or at maturity, depending on the policy type. Term insurance provides a death benefit, while endowment plans and ULIPs offer maturity benefits.
Add riders like critical illness cover or accidental death benefits for additional protection.
Periodically review and adjust your policy based on life events such as marriage, childbirth, or changes in financial status.
Life insurance is more than just dealing with the unpredictable; it is one of the best financial planning and wealth creation strategies. Women should purchase a life insurance policy to ensure that their family is provided for even in their absence. Additionally, life insurance can act as a savings tool, offering opportunities for wealth creation through various investment-linked plans.
When choosing a life insurance policy, there are several factors that women should consider. Here are a few.
Consider your family’s financial needs like educational fees, loans and day-to-day expenditure, in order to decide how much coverage will be adequate.
Consider the duration of coverage based on your financial goals and the age of your dependents. Longer-term policies may offer better value over time.
Choosing the most suitable type of policy is very important. This will decide what kind of benefits you or your family receives. You can choose from options like Term insurance, Whole-life insurance, Endowment plans, etc.
Evaluate additional riders or add-ons that can enhance your coverage, such as critical illness riders, accidental death benefit riders, or waiver of premium riders.
ACKO’s term insurance offers flexible, customisable features to support different life stages and financial goals.
| Categories | Specifications |
| Sum Assured | ₹10 Lakhs to up to ₹90 Crores |
| Entry Age | From 18 years to 65 years |
| Tax Benefits | Save up to ₹54,600* on taxes |
| Claim Settlement Ratio | 99.38% |
| Affordable Premiums | Term Life Cover Starting @ just ₹18/day* |
| Claim process | Fully digital, simply upload the necessary documents on the app. |
| Death Benefit | Available |
| Critical Illness Cover | Available |
| Accidental Total Permanent Disability | Available |
| Accidental Death Benefit | Available |
| 100% Dedicated Claim Assistance | Available |
| Policy Term Flexibility | Available |
| Customisable Policy Coverage | Available |
The ACKO Life Flexi Term Plan is designed to offer strong protection, flexibility, and peace of mind, all in one simple plan. Here are the top features that make it a great choice for women:
For a small premium, you can get a large sum assured (cover amount). That means large financial protection without spending too much.
You can adjust your plan anytime as your needs change. This includes:
-Sum Assured: Increase or decrease the amount you want to be covered for.
-Policy Term: Increase or decrease how long you want to be covered by the plan.
Choose what works best for you. The plan gives you different options to fit your needs.
-Payment Frequency: Decide how often you want to pay your premium
-Payout Options: Choose how your family will receive the money (sum assured)
Enhance your coverage with optional riders, including:
-Critical Illness Rider: Extra protection for serious illnesses.
-Accidental Death Benefit Rider: Additional financial support for accidental death.
-Accidental Total Permanent Disability Rider: Get financial help if a serious accident causes permanent disability. You won’t have to pay future premiums.
ACKO also helps you create a will. This allows you to specify how your assets should be distributed. It's not just insurance; it's a tool to ensure your wishes are carried out precisely.
Empowerment is at the core of our offering. Here's how women can benefit from the ACKO Life Flexi Term Plan.
This plan helps women take care of their own money and future.
You can buy the plan or make a claim online. Digital-first experience with zero paperwork
24/7 access through the ACKO Insurance – Apps on Google Play
Submit the required documents to our support email at [email protected] or simply dial 18002101992. The ACKO claims team will take care of the rest..
Proactive financial planning is the way towards a secure and better future. You can take proactive steps to confidently navigate uncertainties, ensuring you and your family are guarded against unexpected challenges.
Buying a term insurance plan in India is a prudent step towards safeguarding your family against life uncertainties. Reasonably affordable plans, such as a term insurance plan for 1 crore provide your loved ones with substantial cover to meet their needs in your absence.
Life Insurance is important for accomplishing long-term financial goals because it offers the inherent features of disciplined savings and wealth accumulation. Using a life insurance premium calculator you can choose a plan that fits perfectly into your financial strategy. This layered approach ensures staying resilient and provides financial peace of mind.
A term plan for women isn't just insurance; it's a partner in your journey towards financial security. Empower yourself with a plan that grows with you, offering protection and peace of mind for today's empowered woman. Choose ACKO and step confidently into a future of financial strength and security.
Here are some common questions related to Life Insurance Plans for Women in India.
Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on industry experience and several secondary sources on the internet, and is subject to changes.
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Reviewed by Vaibhav Kumar Kaushik 
Acko Technology & Services Private Limited
#36/5, Hustlehub One East, Somasandrapalya, 27th Main Rd, Sector 2, HSR Layout, Bengaluru, Karnataka 560102
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