With changing times, more and more women have started to enter the general workforce, and are increasingly being employed in various sectors. Many times, women also play the role of the primary breadwinner and support various members of the family financially. Given how invaluable the role of a woman can be in providing for her family, it is a must for all women to purchase life insurance plans for themselves. Life insurance plans, in addition to providing financial security to one’s beneficiaries, can also act as a savings or investment instrument, thus helping you reach your financial goals faster.
All life insurance policies, including term life plans, whole life plans, ULIPs (unit-linked insurance plans), endowment plans, annuity plans, etc. can be purchased by women and men alike. Many insurance providers also offer preferential premium rates to women policy buyers. However, we have listed 2 life insurance plans that have been exclusively designed for women.
Things to Consider
Before you opt for a policy, make sure to assess your financial requirements and coverage needs. Based on your needs, you can opt for a suitable type of life insurance policy. Also, when purchasing insurance, you should compare at least a few different policies and read through the features and benefits of each policy, to find a plan that provides you sufficient coverage and is affordable.
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