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Top Term Insurance Plans for Working Women

Published On Sep 10, 2021 2:00 PM By InsuranceDekho

Insurance is one of the most effective options for working women to provide financial stability for their families. However, the majority of them are unaware of the type of insurance policy that should be purchased to secure maximum benefits at a reasonable cost. Depending on their demands, women choose different insurance policies at different times of their life. A term insurance policy, on the other hand, is one of the most significant insurance products supplied by numerous insurance firms to provide financial security for loved ones for a working woman.

If a woman is the sole breadwinner in the home or has someone who relies on her for financial support, a term plan should not be overlooked. Here are a few term plan options that can be considered when purchasing a term plan for yourself if you're a working woman.

Top Term Insurance Plans for Working Women

Here is the list of term insurance plans which are beneficial for working women. 

  • Max Life Online Term Plan Plus 

The plans can be changed to suit your needs. Optional riders can be added to the term plan to make it more personalised. The Max Life Online Term Plan's flexibility allows you to increase the sum secured in response to life stage events such as marriage, the birth of a child, and the birth of a second child. Furthermore, the many payout options allow you to choose how your family will be compensated. And, as the name implies, this plan is only accessible when purchased online, making it more convenient and cost-effective than purchasing plans in person. 

  • HDFC Life Click 2 Protect 3D Plus

This is a low-cost online term insurance plan that provides complete coverage. The three major hazards of Death, Disability, and Disease are referred to as 3D. The online term plan protects the family financially in the event of a disaster. The plan provides a variety of 9 plan options from which to choose based on one's individual needs. Additional benefits include low-cost life insurance, life stage protection, plan flexibility, and tax advantages. When the policyholder dies or is diagnosed with a terminal illness, the plan is meant to pay out the entire sum assured as a lump-sum payment. In addition, if you become totally and permanently disabled due to an accident, all future premiums are waived.

  • ICICI Prudential iProtect Smart Plan

When it comes to features and advantages, the ICICI Pru Protect smart term insurance plan gives a lot of options. It provides death coverage up to the age of 75, which is a significant amount of coverage for Indian citizens. Life, Life plus, Life and Health, and All in One are the four protection alternatives available, depending on your needs. It offers complete protection against death, terminal sickness, and disability. There are three possibilities for payout: a lump sum, a monthly income, and a rising income. Special discounts on premiums for female lives are available. Moreover, females have special comprehensive coverage that includes coverage for breast and cervical cancer.

Take Away

Term life insurance is growing more popular among women since they don't have to deal with the headache of deciphering the various terms and conditions of other policies. For those looking for alternatives, there are a plethora of combination plans to choose from. Moreover, suppose you are a single mother with a financially reliant child on you for all of their requirements. In that case, you should seek a good life insurance policy so that your child or children do not suffer due to a lack of resources after you pass away. Term insurance is, in most cases, a replacement of your financial value after you pass away.

Also read: 

6 Most Frequently Asked Questions About Term Insurance Policies

Why Is It Crucial For Parents To Have A Term Insurance Plan?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.      


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