Coverfox.com
  • Insurance
    • Car
      • Car Insurance
      • Companies
      • Third party car insurance
      • Comprehensive car insurance
      • Car insurance calculator
      • New car insurance
      • Zero Dep Car Insurance
      • Buy Car Insurance
      • Compare Car Insurance
      • Car Insurance Articles
    • Bike
      • Two Wheeler Insurance
      • Two Wheeler Insurance Companies
      • Two Wheeler Insurance Claim
      • Two Wheeler premium Calculator
      • Third party Bike insurance
      • Multiyear Bike Insurance
      • Bike Insurance Articles
    • Health
      • Health Insurance
      • Companies
      • Mediclaim Policy
      • Individual Health Insurance plans
      • Critical illness insurance
      • Senior citizen health insurance
      • Arogya sanjeevani policy
      • Coronavirus Health insurance
      • Health Insurance Articles
    • Term
      • Term Insurance
      • Companies
      • Life insurance
      • Life Insurance calculator
      • Term Insurance calculator
      • Life Insurance Plans
      • 1 crore term insurance
      • Compare Term Insurance
      • Buy Term Insurance
      • Term Insurance Renewals
      • Term Insurance Articles
      • Life Insurance Articles
    • Investment
      • Investment Plans
      • Companies
      • Buy Investment Plans
      • Child Plans
      • Pension Plans
      • ULIP
      • Endowment Policy
      • Tax saving investment
      • Buy ULIP
      • Best ULIP
  • About Coverfox
    • About us
    • Insurance Blog
  • Claims
  • Contact us
  • Login
image title
TERM INSURANCE

Best Term Insurance Plan For Housewife

Shristi Nigam 20 July 2022

A housewife is the support system of a family. She may not be contributing financially, but she is the family's primary caretaker who manages the household. A home can not function without a housewife. Her absence will cause a massive strain on the household budget because of outsourcing all the services. Hence, a term plan for a housewife will help provide for the additional expenses incurred in her absence.

Term insurance plan for housewife

Another reason why a term plan for a housewife is an important investment is the additional riders, such as critical illness or accidental benefit. These add-ons cover medical expenses in case of a critical illness or accident. Often housewives ignore their health; with a term plan, they will not have to think before getting proper medical treatment. Let us find out what are the best term plans for housewives.

Top Term Insurance Plans For Housewives

Term plan Sum assured (Rs) Entry age Maximum maturity age Policy tenure (In Years) PPT
Bajaj Allianz Secure 25,00,000 18 to 65 85 10 to 85 (subtracting the entry age) Monthly, quarterly, half-yearly and annually
Aegon Religare Spouse 25,00,000 21 to 60 65 5 to 65 Monthly, and annually
PNB Metlife Mera Term Plan 10,00,000 18 to 65 99 10 to 99 (subtracting the entry age) Monthly, quarterly, half-yearly and annually
Sbi Life Smart Humsafar 1,00,000 21 to 60 65 10 to 30 Monthly, quarterly, half-yearly and annually

Things To Consider Before Buying a Term Plan For a Housewife

Ensure that sum assured is enough to provide financial protection for the family in case of an unfortunate event. Before deciding the term plan coverage, consider all the expenses, liabilities and investments for the future. Before choosing an insurance company, compare various plans, their claim settlement ratio, claim settlement process, and additional benefits.

Benefits Of a Life Insurance Cover For Housewives:

  • Financial Protection -

    A life insurance cover provides financial protection to ensure proper management of the household in a housewife’s absence. It enables the smooth running of household activities without putting any additional financial burden.

  • Corpus For Future Goals -

    It helps build a corpus over time, which can be used for domestic expenses, children's education, future investments, etc. It provides financial support for the family members.

  • Low Premium -

    A life insurance cover gives higher coverage at a lower cost and helps a housewife provide support to the family even when she is not around. As housewives are non-earning members, premiums are affordable and offer a good return on investment.

  • Tax benefit -

    Life insurance cover for housewives also offers tax exemption under section 80 C, section 80 D and section 10 of the Income Tax Act.

  • Additional Riders -

    Additional riders like critical illness cover increase the coverage of the policy at a very nominal cost and provide reasonable medical aid during a medical emergency. A housewife should opt for a critical illness add-on benefit for better coverage.

  • Point Coverage -

    The life insurance cover for a housewife also provide the option of joint coverage, which means that a homemaker can add her husband as a policyholder, and the surviving spouse receives the insurance coverage amount.

  • Benefits For Children -

    Term insurance for housewife also offer benefits for dependent children and is an excellent way of contributing towards children's education, marriage etc. This way, a housewife is able to contribute to her children’s future even in her absence.

Term Plan for a housewife is a must. There are joint term plans and the independent term also plans available. You can select the most suitable one from the list mentioned above. In today’s time, when diseases like breast cancer, PCOD, cervical cancer etc, have become very common, it becomes important to invest in life insurance for a housewife who often ignores herself in taking care of the family. Such plans not only offer death benefits but also offer additional coverage for critical illnesses.

Also Read: How To Increase Cover Option In Term Life Insurance Policy?

Be sure about Term Life Insurance.
expert assist 100% buying & claim support
express claims Free Nominee Assistance
program
Rated 4.7/5

for Customer Satisfaction on Facebook
5,00,000+
Policies sold
last year
MUST READ
POPULAR OTHERS
Life insurance claim upon maturity
How To Initiate A Life Insurance Claim Upon Maturity?
Life insurance policies
Life Insurance Comes In Handy In Many Ways: Here Are Some Of Them
homemaker life insurance
Why Does A Homemaker Need A Life Insurance Cover
multiple nominees in term plan
Why Should You Have Multiple Nominees in Your Term Plan?
policy term and premium payment term
Difference Between Policy Term And Premium Payment Term
Increase Cover option in Term Life Insurance
How To Increase Cover Option In Term Life Insurance Policy?
  • Term Insurance Companies
  • Term Insurance
  • LIC Term Insurance
  • SBI Term Insurance
  • HDFC Term Insurance
  • Tata Aia Term Insurance
  • HDFC life click 2 protect plus 3d plus
  • Popular Searched Plans
  • Max life term plan plus
  • ICICI pru iprotect smart term plan
  • PNB metlife mera term plan
  • Canara hsbc obe iselect lumpsum term plan
  • Aegon life iterm plan
  • Birla sun life protect at ease term plan
  • More From Tax
  • Income Tax
  • GST
  • eFiling Income Tax
  • Income Tax Calculator
  • Income Tax Slab
  • Income Tax Refund
  • Popular Health Pages
  • Mediclaim Policy
  • Senior Citizen Health Insurance
  • Health Insurance for Parents
  • Critical Illness Insurance
  • Cancer Insurance
  • Health Insurance Premium Calculator
  • Life Insurance Types
  • ULIP Plans
  • Endowment Policy
  • Whole Life Insurance
  • Child Plan
  • Pension Plan
  • Investment Plan
  • GENERAL INSURANCE COMPANIES
  • National insurance
  • Oriental insurance
  • United India Insurance
  • Relience General Insurance
  • New India Assurance
  • TATA AIG General Insurance
icon Term Insurance icon Articles icon Term Insurance Plan For Housewife
×

Get Lowest Rates for term Insurance

  • Secure
  • Licensed By
  • Payment Options
  • Car Insurance
  • Bike Insurance
  • Motor Insurance
  • Commercial Vehicle Insurance
  • Travel Insurance
  • Car Insurance Premium Calculator
  • Family Health Insurance
  • Senior Citizens Insurance
  • Group Insurance
  • Corona Rakshak Policy
  • Corona Kavach Policy
  • Super Topup Plan
  • Term Insurance
  • ULIP
  • e-Term Plan
  • 1 Cr Term Insurance
  • कार इन्शुरन्स
  • टू व्हीलर इंश्योरेंस
  • टर्म इंश्योरेंस
  • हेल्थ इंश्योरेंस
  • मेडिक्लेम पॉलिसी
  • Learn About Insurance
  • Network Hospitals
  • Cashless Garages
  • Get Android App
  • Get iOS App
  • Learn
  • About Us
  • Contact Us
  • Careers
  • Sitemap
  • FAQs
Connect with us
Become a Partner
Become a Coverdrive POS Agent

Coverfox Insurance Broking Pvt. Ltd. : C Wing, 6111-6118, 6th Floor, Oberoi Garden Estate, Chandivali Farm Road, Chandivali, Andheri (East), Mumbai - 400072

Licence No. 478 , IRDA Direct Broker Code: IRDA/ DB 556/ 13 , Valid till: 26/12/2022, CIN: U66000MH2013PTC243810

  • Shipping & Delivery Policy
  • Privacy Policy
  • Cancellation & Refund
  • Terms & Conditions
Copyright © 2022 Coverfox.com. All Rights Reserved