Life Insurance Policy For Housewives In India
Updated On Jul 20, 2022
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From managing the household to sharing financial responsibilities, your wife dons many hats. So, why not purchase life insurance for her too to further extend the safety net? Irrespective of whether your spouse is a homemaker or has a promising professional life, she deserves life insurance as much as you.
Life Insurance For Housewives
If your spouse is a homemaker, there are several household responsibilities and chores that she looks after. She manages all of it with utmost grace and men could probably never match their potential. In case of the unexpected demise of your wife, apart from the emotional turmoil, these household responsibilities would come to you.
With no prior experience of managing all of it on your own, you'd need a caretaker or outside help for managing the household, especially when you have kids and elderly parents. This could put much stress on your finances. If your wife has life insurance, you will receive the death benefit which could help you manage such responsibilities in a far better manner.
Does Every Insurance Provider Offer Life Insurance To Wives?
In case if your wife is working, she is mostly eligible for every type of life insurance available in the market. However, if she is a homemaker, you will have to select an insurance provider that offers life insurance to homemakers. There are many different types of pension, endowment, ULIPs, and money back plans that are available for homemakers too.
Conclusion
Irrespective of whether your wife works or is a homemaker, her contribution to all the different facets of your life will be missed in her absence. Purchase life insurance for her to at least make sure that the financial aspect is taken care of.
Buying life insurance is one of the most crucial financial decisions of life. Plan well and choose the right policy that works for you and your family.
