1. Lower Annual Premiums
One of the main advantage of Term life policy is that women enjoy comparatively 20% more affordable premiums than men due to their longer life expectancy and lower health risk.
2. Get Additional Coverage
Women’s can add riders such as critical illness, accidental death, and waiver of premium for extra coverage at a very nominal premium.
3. Protection Against Critical Illness
Tem plan for women also includes coverage for critical illnesses like kidney failure, blindness, stroke, heart attack, chronic lung and liver diseases, and brain surgery. If diagnosed, the insurer pays the sum assured to network hospital and treatment costs.
4. Covers Women Specific Cancers
Term insurance riders cover prevalent cancers such as breast, cervical, and ovarian cancers, ensuring financial stability upon diagnosis, which makes them crucial for women.
5. Education or Childcare Cover
Term Insurance plans offer riders that cover expenses for a child's education and childcare in the event of demise, providing an additional layer of financial protection for their future needs.
6. Post-retirement Independence
Women can achieve financial independence post-retirement with Term Insurance plans such as TROP (Term plans with Return of Premium option) or those offering a 100% refund of premiums.
7. Financial Protection for your family
Term insurance offers complete financial security in case of untimely demise, providing a death benefit to beneficiaries. This aids her family in covering living expenses, education costs, or loans.
By prioritizing these seven features in a term insurance policy, women can achieve comprehensive protection and peace of mind. Secure your future and safeguard your loved ones by purchasing term insurance today.
Disclaimer : Standard T&C apply. Product information is authentic and solely based on the information received from the insurer. For more details on risk factors, please read the sales brochure carefully before you conclude a sale. Insurance is the subject matter of solicitation. Alliance Insurance Brokers Private Limited | 8th Floor, Gold Crest, NS Road No. 10, Juhu, Vile Parle (W) Mumbai 400 049, India |Toll-Free No. 1800 266 9693 | Email: support@elephant.in | Composite Broker | CIN: U67200MH2003PTC141621 | IRDAI Registration No. 217 | Valid till 12/10/2024 |EL/MEDIA/24-25/38